A BMZ-organised side event in Sharm El-Sheikh will highlight the need for adaptive social protection as an integral part of the new Global Shield initiative against climate risks.
On Saturday, November 12, the German Federal Ministry for Economic Cooperation and Development (BMZ) will host a side event on social protection, climate risk, and climate-related loss and damages at the COP27 in Sharm El-Sheikh, Egypt.
The event, entitled ‘No Protection without Social Protection: Social Protection as Integral Component of the Global Shield against Climate Risks,’ will be held at the German Pavilion (Zone A/Pavilion P06) and can be followed live online.
The side event will highlight the important role which adaptive social protection can play in strengthening the resilience of poor and vulnerable people in the face of climate risks. The invited speakers – including Jochen Flasbarth, the Parliamentary State Secretary at BMZ – will discuss why it is so important that social cash transfers, social insurance, in-kind transfers, public works programmes and other social protection measures be an integral part of climate and disaster risk finance and insurance solutions, such as the Global Shield against Climate Risks. The Global Shield, a collaborative financing structure which will facilitate more and better pre-arranged finance to prepare for and respond to disasters, will be jointly launched at the COP by the V20 (Vulnerable Twenty) nations and the G7 on November 14.
Jochen Flasbarth will be joined on the panel by:
- Mamy Razakanaivo, Executive Secretary of Madagascar’s Prevention and Emergency Management Support Unit at the Prime Minister’s Office;
- Peter Duffy, Senior Deputy Assistant Administrator, Bureau for Africa, USAID; and
- Hana Brixi, Global Director for Gender at the World Bank.
Astrid Zwick, head of the InsuResilience Secretariat, will moderate the session.
Soon after the event, a summary article about the session will appear on Healthy DEvelopments. Stay tuned!