Pakistan will be among first to receive G7 ‘Global Shield’ climate funding

SHARM EL SHEIKH: PakistanGhana and Bangladesh will be among the first to receive funding from the G7’s ‘Global Shield’ initiative to provide funding to countries suffering from climate disasters, the program announced on Monday. at the COP27 summit in Egypt.
Global Shield, coordinated by G7 president Germany, which aims to provide rapid access to climate-prone countries to insurance and disaster preparedness funding following floods or droughts. It is being developed in collaboration with the ‘V20’ group of 58 climate-vulnerable economies.
A statement released by Germany on Monday listed Bangladesh, Costa Rica, FijiGhana, Pakistan, Philippines and Senegal as some of the original Global Shield recipients.
Germany says these packages will be developed in the coming months.


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