Climate Vulnerable Forum (CVF) Youth Ambasaddor and Ghanaian Poet, Nakeeyat Dramani Sam, on Monday, November 14, 2022, opened a High Level launch of Global Shield event at the COP27 in in Sharm el Sheikh, Egypt.
The event is to raise awareness of the financial protection needs of the V20 and other vulnerable countries, and provide an opportunity for the G7 countries and further donors and partners to pledge support for the implementation of the Global Shield against Climate Risks.
The event was held on the theme “The Global Shield Against Climate Risks: Strengthening Financial Protection in Vulnerable Countries”.
The launch follows the endorsement of the concept for the Global Shield against Climate Risks by the High-Level Consultative Group (HLCG) of the G20+ and V20-led InsuResilience Global Partnership (IGP).
V20 Group of Finance Ministers from climate vulnerable economies and the G7 Presidency reached agreement on the Global Shield – a financial protection cooperation that responds to loss and damage as a contribution to implementing the Paris Agreement on climate change.