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

Blog/Article

Global Shield at COP29: Supporting Climate-Vulnerable Countries

02.12.2024

At COP29, the Global Shield against Climate Risks, a G7-V20 initiative, reaffirmed its commitment to protecting climate-vulnerable countries through pre-arranged finance. Co-Directors Nilesh Prakash and Dr. Astrid Zwick led the delegation, unveiling the Global Shield...

Press Release

Global Shield Ambition Launch Sets New Strategic Direction to Enhance Financial Resilience for Climate-vulnerable Countries

20.11.2024

BAKU, 20 November 2024 – The Global Shield against Climate Risks officially launched the Global Shield Ambition today at COP29, during a dedicated high-level launch event “Global Shield Ambition: Enhancing Financial Protection for Climate-Vulnerable Developing...

Press Release

Pakistan becomes first country in Asia to initiate access to support from the Global Shield to close the financial protection gap through enhanced pre-arranged finance

20.11.2024

Baku, 20 November 2024 – Pakistan, ranked as the fifth most vulnerable country to climate-induced disasters, reaffirmed its commitment to enhancing financial protection against climate-induced risks as a Global Shield beneficiary country today at COP29....

Press Release

Global Shield Underscores Commitment to Support the Fund for responding to Loss and Damage

13.11.2024

BAKU, 13 November 2024 – The Global Shield against Climate Risks took part in the launch of the annual High-Level Dialogue on Coordination and Complementarity for Funding Arrangements Responding to Loss and Damage. The event...

Press Release

Barbados assumes Co-Leadership of Global Shield to Strengthen Financial Protection against Climate Risks

07.11.2024

Washington, D.C., 7 November 2024 – Hon. Ryan R. Straughn, Minister in the Ministry of Finance, Economic Affairs and Investment in the Government of Barbados officially assumed the role of Co-Chair of the Global Shield...

Press Release

Ghana purchases its first drought insurance policy from ARC

17.10.2024

Johannesburg, Frankfurt, Bonn, 17 October 2024 The Government of Ghana has purchased its first-ever sovereign drought insurance policy, taking a significant step towards safeguarding its vulnerable communities and agricultural sector from potential drought. Through an...

Press Release

Resilience in The Gambia Gains Momentum with Inaugural Global Shield Workshop

16.10.2024

Banjul, 16 October 2024 – The Gambia’s campaign for resilience shifted to high gear as it  launched the inaugural Global Shield workshop in Banjul from 18 to 19 September 2024. The event was organized by The...

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...

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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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