News & Events around the Global Shield

This subpage showcases relevant news and events around the Global Shield against Climate Risks. 

More information on press and media will follow soon.

News

Press Release

Strengthening Financial Resilience against Climate Risks in Tonga: Inaugural Global Shield Workshop Held

30.09.2024

Nuku’alofa, 30 September 2024 – Tonga recently hosted the inaugural workshop of the Global Shield against Climate Risks, an initiative jointly led by the G7 and V20 Group. Organized under the leadership of the Ministry of...

Press Release

The Republic of the Marshall Islands Kicks Off First Global Shield In-country Dialogue

17.09.2024

MAJURO, 17 September 2024 – The Republic of the Marshall Islands (RMI) successfully hosted the first workshop of the G7- and V20-led Global Shield against Climate Risks, an initiative aimed at addressing severe climate hazards...

Press Release

Fiji Enhances Financial Preparedness for Climate and Disaster Risks

14.08.2024

SUVA, 14 August 2024 – Fiji’s Ministry of Finance, Strategic Planning, National Development and Statistics led multi-stakeholder consultations in Suva last week to strengthen locally owned risk insight and access to pre-arranged and trigger-based finance against...

Press Release

Strengthening Senegal’s Financial Resilience to Climate Change

23.07.2024

Joint press release of the Ministry of Finance and Budget of Senegal, the World Bank Group’s Disaster Risk Financing and Insurance Program, and the Global Shield against Climate Risks Access a French version of the...

Press Conference Press Release

Costa Rica hosts first Global Shield workshop in Latin America

16.07.2024

Joint press release of Ministerio de Hacienda de Costa Rica, Superintendencia General de Seguros de Costa Rica (Sugese), and the Global Shield against Climate Risks 15 July 2024, SAN JOSÉ – Costa Rica’s Ministry of Finance...

Blog/Article

Pacific Island Countries to receive premium support from Global Shield

12.06.2024

Translating SMART Principles into Action The V20/G7 Global Shield against Climate Risks has provided a USD 10 million contribution to the Pacific Catastrophe Risk Insurance Company (PCRIC) via the Global Shield Solutions Platform – one...

Press Release

Global Shield Board welcomes new group of beneficiary countries

22.04.2024

22 April 2024, WASHINGTON D.C. – Back-to-back with World Bank Group and International Monetary Fund Spring Meetings, the Board of the Global Shield against Climate Risks composed of representatives from both climate vulnerable and supporting countries,...

Blog/Article

COP28 decision welcomes Global Shield

20.12.2023

The UN Climate Conference 2023 in Dubai (COP28) started with an encouraging signal: In the opening plenary, COP28 President Sultan Al Jaber announced an agreement on the set-up of a fund to respond to climate-related...

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Governance

The governance structure of the Global Shield consists of the Global Shield Board and the Global Shield Coordination Hub.

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Financing Structure

Additional Global Shield financing is provided by a central Financing Structure, consisting of the Global Shield Solutions Platform, the Global Shield Financing Facility, and the Climate Vulnerable Forum & V20 Joint Multi-Donor Fund.

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Coordination Hub

The Coordination Hub provides technical advice and implementation coordination to help deliver on the ambition of the Global Shield.

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Activities

The Global Shield against Climate Risk aims to support countries that are most vulnerable to climate risks.

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