Global Shield against Climate Risks: German G7 Presidency and V20 Concept

In partnership with the Vulnerable Twenty (V20), the Group of Seven (G7) committed to jointly work towards a Global Shield against Climate Risks. To this end, this concept is proposed together by the V20 and the German G7 Presidency and aims to set out a potential structure of the Global Shield (GS), including key elements and processes. In its current version, it includes the diverse perspectives of the G7, V20 and members of the InsuResilience High-Level Consultative Group (HLCG) and Program Alliance (PA). It will be tabled for endorsement at the upcoming InsuResilience HLCG meeting in October 2022 with the aim of launching the GS at COP27 in November 2022.