The Global Shield against Climate Risks
The Global Shield against Climate Risks
A joint G7/V20 initiative to strengthen the financial protection and resilience of vulnerable countries and people.
Launched at COP27 by the V20 Group of Finance Ministers and the G7, the Global Shield against Climate Risks aims to increase protection for climate-vulnerable economies and communities by providing and facilitating substantially more and better pre-arranged and trigger-based finance against disasters and climate risks. Greater financial protection and faster and more reliable disaster preparedness and response will contribute to effectively responding to losses and damages from climate change.