UNDP with the Ministry of Climate Change & Environmental Coordination kicked off the In-Country Process for the Global Shield to Reduce Climate Risks with a Multi-Stakeholder Consultation

The United Nations Development Programme and Pakistan's Ministry of Climate Change & Environmental Coordination kicked off the 'In-Country Process for the Global Shield', with a two-day multi-stakeholder consultation on climate-risk insurance and financing to reduce climate risks, and strengthen climate-adaptation mechanisms.  The Global Shield is an initiative launched at COP27 in response to the increasing threat of climate change by the Vulnerable Twenty (V20) Group and the G7; ensuring that the various programmes and stakeholders pursue a coordinated approach and mobilize additional funds to meet the growing need for financial resources.