Global Shield against Climate Risks

About the Global Shield

Over the last decade, the dramatic consequences of climate change have increased significantly. Storms, droughts and floods are continuing to become more frequent and more intense. These extreme weather events along with slow-onset impacts from climate change pose a growing risk for the sustainable development of all countries, but particularly for the most vulnerable countries and communities. Despite climate action and investments in adaptation to climate change, residual risks leading to climate-related losses and damages remain.

The urgent needs of vulnerable countries and people in the face of these increasing climate risks need to be addressed. When a climate-related disaster strikes, better systems need to be in place, providing immediate finance in the most efficient, effective and fast way for the most vulnerable. So far, financial protection is not systematic, coherent and sustained enough.

To address this, the Vulnerable Twenty (V20) Group together with the Group of Seven (G7) and other supporting countries launched the Global Shield against Climate Risks. The aim of the Global Shield is to provide and facilitate more and better pre-arranged protection against climate and disaster related risks for vulnerable people and countries. Greater financial protection and faster and more reliable disaster preparedness and response will contribute to effectively responding to loss and damage.

Where we work

The Global Shield against Climate Risks aims to support countries that are most vulnerable to climate risks. The initiative is currently active in Bangladesh, Costa Rica, The Gambia, Ghana, Madagascar, Malawi, Pakistan, Peru, The Philippines, Rwanda, Senegal, Somalia, and the Pacific region.