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

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...

Blog/Article

Strengthening Pakistan’s climate resilience through the Global Shield

07.12.2023

On the 16th and 17th of November 2023, Pakistan’s Ministry of Climate Change and Environmental Coordination (MoCC&EC) initiated the Global Shield In-Country Process by hosting a two-day multi-stakeholder consultation in Islamabad. The event was supported...

Press Release

Launch of the Global Shield Programme for Resilient Risk Pools

05.12.2023

The Global Shield Programme for Resilient Risk Pools, a support mechanism of the Global Shield Solutions Platform was launched at the 28th United Nations Climate Change Conference, COP28, on 3 December 2023. In an effort...

Press Release

Global Shield gains more momentum at COP28

02.12.2023

2 December 2023, DUBAI – The Global Shield against Climate Risks held a high-level event at COP28 today titled “Broadening Financial Strategies: Practical Approaches to Address Loss and Damage – The Global Shield against Climate Risks”....

Blog/Article

Advancing Ghana’s Resilience: Highlights of the 2nd In-Country Stakeholder Workshop

22.11.2023

The workshop held on the 8th and 9th of November in Cape Coast, Ghana, paved the way for Ghana to receive tailored support by the Global Shield to scale up financial protection against climate risks....

Press Release

Global Shield holds first virtual board meeting ahead of COP28

21.11.2023

15 November 2023 – Ahead of COP28, the board of the V20 Finance Ministers and G7 initiative Global Shield against Climate Risks met virtually on November 15 to further scale up pre-arranged finance solutions to mitigate...

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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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