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On Monday, the Group of Seven leading economies launched an initiative called the “Global Shield” at the United Nations’ COP27 climate summit which will provide immediate funding to the countries when they are hit by the devastating impact of climate change.  Coordinated by the G7 president nation Germany, it will provide rapid access to funds for insurance and disaster protection after flooding, drought and hurricanes. The programme was developed in collaboration with ‘V20’ which is a group of 58 climate-vulnerable countries chaired by Ghana. 

Bangladesh, Costa Rica, Fiji, Ghana, the Philippines and Senegal were identified as the other recipients of the package.

Foreign Minister Dr AK Abdul Momen urged the international community to acknowledge the scale and urgency of climate-induced migration and take collective action to mainstream the issue in climate change negotiations.  He stressed this point while delivering his welcome remarks at an event titled "Human Mobility in the Context of Climate Change: Building a

New Age, a Dhaka-based leading English language daily newspaper, is a major source of news of Bangladesh and international affairs

The Global Shield Against Climate Risks, a joint initiative of the G7 and the V20 Group of 20 vulnerable countries, was launched on 14 November at the COP 27 in Sharm el-Sheikh.