COP27: G7 and V20 launch global cat scheme to support vulnerable countries
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COP27: G7 and V20 launch global cat scheme to support vulnerable countries

Marcel Le Gouais
14 November 2022
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Photo: UNFCCC/Johann Olivier

The Vulnerable 20 (V20) Group of Finance Ministers, which represents 58 economies more prone to a volatile climate, has launched the Global Shield against Climate Risks – a scheme that will disburse financial support for certain countries during catastrophes.

At the household and business level, this will incorporate the provision of livelihood protection, social protection systems, livestock and crop insurance, property insurance, BI insurance, risk-sharing networks and credit guarantees.

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Marcel Le Gouais
Deputy Editor
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