GSSP

About

Vulnerable people and countries need to be better protected against climate change risks. In response to the increasing threat of climate change, the Vulnerable Twenty (V20) Group of Ministers of Finance and the G7 launched the Global Shield against Climate Risks on 14 November 2022 at the COP27 climate conference. The Global Shield provides more coherent, sustained, and better-coordinated financial protection against climate risks.

The Global Shield Solutions Platform (GSSP) constitutes a central element of the financing structure of the Global Shield against Climate Risks. It provides technical assistance and financial support to partner countries with the objective to increase the resilience of vulnerable people of the Global South against climate risks and consequently help to avert, minimise and address losses and damages of climate change.

How GSSP works

The GSSP operates based on comprehensive in-country coordination amongst key stakeholders working on climate and disaster risk finance and insurance as well as in response to specific global or regional thematic requests.

The GSSP sources suitable supply-side partners to address requests for support.