Climate disaster aid scheme 'Global Shield' launched at COP27

Climate disaster aid scheme 'Global Shield' launched at COP27

Daily Current Affairs / Climate disaster aid scheme 'Global Shield' launched at COP27

Change Language English Hindi

Category : International Published on: November 16 2022

Share on facebook

A G7-led plan dubbed "Global Shield" to provide funding to countries suffering climate disasters was launched at the U.N. COP27 summit.
The Global Shield plan is coordinated by Germany and the V20 group of climate-vulnerable nations.
The V20, which stands for the Vulnerable Twenty Group of Ministers of the Climate Vulnerable Forum, is a dedicated cooperation initiative of economies systematically vulnerable to climate change, and works through dialogue and action to tackle global climate change.
Coordinated by Group of 7 president Germany and the V20 group of climate-vulnerable countries, it aims to rapidly provide pre-arranged insurance and disaster protection funding after events such as floods, droughts and hurricanes hit.
The G7 is an intergovernmental political forum consisting of seven of the world's advanced economies, including the United States, the United Kingdom, Canada, France, Germany, Italy and Japan.
The European Union is a 'non-enumerated member'. Germany is the President of G7.

Recent Post's

Mauritius awarded its highest honor, ‘Order of the Star and Key of the Indian Ocean,’ to PM Modi.
Read More....
The government will establish daycare cancer centers in every district within three years.
Read More....
According to the second advance estimates of the Ministry of Agriculture, India achieved a record food grain production in the 2024-25 session, with Kharif at 16.6391 million tonnes and Rabi (excluding summer crops) at 16.4527 million tonnes.
Read More....
India signed an MoU with Armenia for cooperation in the regulation of medical products.
Read More....
The joint military exercise Khandjar-XII between the special forces of India and Kyrgyzstan began in Tokmok, Kyrgyzstan, and will be held from March 10 to 23, 2025.
Read More....
Dr. Jaishree Venkatesan became the first Indian to win the prestigious Ramsar Award in the ‘Wetland Wise Use’ category and was recognized as a female changemaker in wetlands by the Ramsar Secretariat.
Read More....
Self-Help Groups (SHGs) of Andhra Pradesh set four world records—one Guinness and three World Records Union records, with DWCRA members achieving 3 lakh orders worth ₹5.13 crore in a week on ONDC.
Read More....
Union Health Minister J.P. Nadda inaugurated the third International Symposium on Health Technology Assessment (ISHTA 2025) at Bharat Mandapam, organized by the Department of Health Research in collaboration with WHO India and the Centre for Global Development.
Read More....
No Smoking Day is observed every year on the second Wednesday of March.
Read More....
Mumbai will host the WAVES 2025 Summit, with a high-level meeting co-chaired by the Chief Secretary of Maharashtra and the Secretary of the Ministry of Information and Broadcasting.
Read More....