{"id":214962,"date":"2022-11-21T18:13:01","date_gmt":"2022-11-21T12:43:01","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=214962"},"modified":"2022-11-21T18:13:01","modified_gmt":"2022-11-21T12:43:01","slug":"global-shield-against-climate-risks-cop27-climate-vulnerable-countries-g7-launch-plan-for-quick-loss-and-damage-funding","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/global-shield-against-climate-risks-cop27-climate-vulnerable-countries-g7-launch-plan-for-quick-loss-and-damage-funding\/","title":{"rendered":"Global Shield Against Climate Risks: COP27: Climate vulnerable countries, G7 launch plan for quick loss and damage funding"},"content":{"rendered":"\n<p><b>Source: <\/b><span style=\"font-weight: 400;\">The post is based on the article <\/span><b>\u201cCOP27: Climate vulnerable countries, G7 launch plan for quick loss and damage funding\u201d <\/b><span style=\"font-weight: 400;\">published in<\/span><b> Down To Earth <\/b>on<b> 17th November 2022.<\/b><\/p>\n<h5><b>What is the News?<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">The Global Shield Against Climate Risks has been launched at COP27 in Egypt.<\/span><\/p>\n<h5><b>What is Global Shield Against Climate Risks?<\/b><\/h5>\n<p><b>Launched b<\/b><span style=\"font-weight: 400;\"><strong>y<\/strong>: It is a joint initiative of G7 and V20\u00a0<\/span><\/p>\n<p><b>Note: <\/b><span style=\"font-weight: 400;\">Vulnerable Twenty(V20) is a dedicated cooperation initiative of countries systemically vulnerable to climate change. It was established in 2015 in Lima, Peru.<\/span><\/p>\n<p><b>Purpose: <\/b><span style=\"font-weight: 400;\">The initiative will provide pre-arranged financial support designed to be quickly deployed during climate disasters.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 The initiative is envisioned as a social protection and insurance-based finance mechanism for loss and damage outside the UNFCCC process.<\/span><\/p>\n<p><b>Funding<\/b><span style=\"font-weight: 400;\">: World Bank Group has announced a <\/span><b>Global Shield Financing Facility<\/b><span style=\"font-weight: 400;\"> to support the Global Shield Against Climate Risks.<\/span><\/p>\n<p><b>Significance:<\/b><span style=\"font-weight: 400;\"> The Global Shield is touted to expand financial protection instruments for governments, communities, businesses and households.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 Such instruments can lessen the impact of disasters by making vulnerable economies resilient, safeguarding sustainable development and protecting lives and livelihoods.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: The post is based on the article \u201cCOP27: Climate vulnerable countries, G7 launch plan for quick loss and damage funding\u201d published in Down To Earth on 17th November 2022. What is the News? The Global Shield Against Climate Risks has been launched at COP27 in Egypt. What is Global Shield Against Climate Risks? Launched&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/global-shield-against-climate-risks-cop27-climate-vulnerable-countries-g7-launch-plan-for-quick-loss-and-damage-funding\/\">Continue reading <span class=\"screen-reader-text\">Global Shield Against Climate Risks: COP27: Climate vulnerable countries, G7 launch plan for quick loss and damage funding<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,4182,164,1236,9],"tags":[10504,10514],"class_list":["post-214962","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-environment","category-international-relations-daily-factly-articles","category-international-organisations","category-public","tag-down-to-earth","tag-dte","entry"],"jetpack_featured_media_url":"","views":{"total":6,"cached_at":"","cached_date":1700118607},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/214962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=214962"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/214962\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=214962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=214962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=214962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}