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New Climate Insurance Fund Launched at COP27 For Nations Hit By Worsening Disasters

Por: Time World November 14, 2022

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(SHARM EL-SHEIKH, Egypt) — The Group of Seven leading economies launched a new insurance system Monday to provide swift financial aid when nations are hit by devastating effects of . The so-called Global Shield is backed by the V20, an alliance of climate vulnerable nations chaired by Ghana, and the G-7 chaired by Germany. The scheme is designed to kick in with aid in the event of climate-related disasters in vulnerable nations. But critics... + full article



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