Launched at COP27 by the V20 Finance Ministers (V20) and the Group of Seven (G7), the Global Shield against Climate Risks aims to increase protection for vulnerable people and countries and contribute to effectively addressing losses and damages exacerbated by climate change. The Global Shield promotes an inclusive, gender-sensitive, and demand-driven process, which is led by the vulnerable countries’ governments. To achieve its vision, the Global Shield will use evidence-based, systematic, and inclusive analyses of countries’ protection gaps, and apply these analyses to design, fund, and facilitate interventions to address these gaps.
The objective of the Global Shield is to increase financial protection for vulnerable people by providing more and better pre-arranged risk finance against climate-related disasters. Climate and Disaster Risk Finance and Insurance provides quick and reliable funding when climate impacts materialize, which in turn helps governments, people, and businesses to act earlier and respond more effectively. The Global Shield will support countries in acquiring needs-based financial protection in a systematic, coherent, and sustained way, leveraging a broad and diverse landscape of institutions. Countries are supported in identifying and implementing the most cost-effective solutions to cover their protection gaps. Protection gaps can be defined as risks that cannot be mitigated through risk prevention or risk reduction, and for which no financial protection is yet in place.
Company Details
- Employees
- 29
- Founded
- -
- Address
- Friedrich-Ebert Allee 32, Bonn,north Rhine-Westphalia 53113,germany
- Industry
- Financial Services
- NAICS
-
Finance and InsuranceMonetary Authorities-Central Bank
- Website
- https://www.globalshield.org/
- Keywords
- Climate Risk Insurance.
- HQ
- Bonn, North Rhine-Westphalia
- Competitors
- Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, Climate Vulnerable Forum and V20 Finance Ministers (CVF-V20), Munich Climate Insurance Initiative, BADEA - Arab Bank for Economic Development in Africa, African Risk Capacity Ltd., Insurance Development Forum, UNDP Pakistan, Centre for Disaster Protection, InsuResilience Solutions Fund (ISF), Global Shield Solutions Platform (GSSP).
Global Shield Against Climate Risks Questions
Global Shield Against Climate Risks's website is https://www.globalshield.org/
Global Shield Against Climate Risks's LinkedIn profile is https://de.linkedin.com/company/globalshieldagainstclimaterisks
Global Shield Against Climate Risks has
29 employees.
View email and phone details for 29
employees at Global Shield Against Climate Risks.
Global Shield Against Climate Risks's industry is
Financial Services
Global Shield Against Climate Risks's top competitors are
Deutsche Gesellschaft Für Internationale Zusammenarbeit (Giz) Gmbh,
Climate Vulnerable Forum And V20 Finance Ministers (Cvf-V20),
Munich Climate Insurance Initiative,
Badea - Arab Bank For Economic Development In Africa,
African Risk Capacity Ltd.,
Insurance Development Forum,
Undp Pakistan,
Centre For Disaster Protection,
Insuresilience Solutions Fund (Isf),
Global Shield Solutions Platform (Gssp).
Global Shield Against Climate Risks's categories are Financial Services
Global Shield Against Climate Risks's founding year is 2022
