The Global Shield initiative was launched from climate crises, after years of launching the idea, on the sidelines of the COB 27 activities held in Sharm El -Sheikh, which will continue until November 18.
What is a protective global shield
The Global Shield is a German initiative aimed at the arrival of compensation funds caused by climate losses safely and quickly to poor countries affected by successive climate disasters.
The owners of the initiative.
The initiative was officially launched by the G7 Group and the V20 Group consisting of 58 countries vulnerable to climate change at the COP27 climate in Egypt.
Biden’s word on protective shield
US President Joe Biden announced that the United States will support the “global shield” during his speech at COP27 last Friday, supporting the protective shield without specifying the value of support.
Funding volume of protective shield.
The German government, which heads the G7 Group, said that 170 million euros have been allocated about $ 172 million to the “Global Shield” initiative to help poor and medium -income countries to withstand in the event of climate disasters
Protection systems
The German Ministry of Economic Development and Cooperation (BMZ) has stated that it aims to enhance social protection systems and climate risk insurance, such as severe weather such as floods and sudden hurricanes, for societies to get help quickly and recover.
The ministry said: “If there is no already existing protection system with its full willingness, drought can only make small farmers lose their harvest, but they will lose their source of livelihood completely because they cannot buy new seeds. ”
Shield work mechanism
The shield will work automatically when any of the disasters occurs in all countries, especially as we mentioned the poorest and affected countries of these climates.
The first countries are to take care of the shield
The “Global Shield” initiative launched by the G7 G7 announced on Monday, the organization decided that the priority countries from the shield are Ghana, Pakistan and Bangladesh, because of the deadly climatic effects of this country, such as what happened in Pakistan from the floods last summer..
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