2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which global group announced the ‘Global Shield’ insurance initiative?
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G-20 and V20
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WEF
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UNEP
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G-7 and V20
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Explanation:
Detailed explanation-1: -Notes: The ‘Global Shield’ insurance initiative was officially launched by the G7 and the V20 group of 58 climate vulnerable nations at the COP27 climate summit in Egypt.
Detailed explanation-2: -Pakistan and Bangladesh First to Receive G7 ‘Global Shield’ Climate Funding.
Detailed explanation-3: -Vision and Objectives of the Global Shield The GS will increase protection for poor and vulnerable people by substantially enhancing pre-arranged finance, insurance and social protection mechanisms against disasters.
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