The governing body of the Global Shield against Climate Risks decided on the Global Shield’s operating model today. This is a big step from the initial idea conceived one year ago, to agreeing on the concept and launching it last fall, to making the Global Shield fully operational now. The meeting took place on the sidelines of the African Development Bank Group Annual Meetings in Sharm el-Sheikh, Egypt.

The German government will make two billion euros available for the Green Climate Fund (GCF). German Chancellor Olaf Scholz announced the commitment at the Petersberg Climate Dialogue in Berlin today. This makes Germany the first major donor to announce its contribution for the upcoming pledging conference for the Green Climate Fund.

Germany and Pakistan want to deepen their Climate Partnership with concrete measures. This was agreed by Development Minister Svenja Schulze and Pakistan’s Climate Change Minister Sherry Rehman in Berlin today, in the margins of the Petersberg Climate Dialogue. Schulze pledged envisaged commitments of around 120 million euros.

The Development Ministry has made 35 million euros available for the Amazon Fund to protect the Amazon rainforest. The commitment was announced by Federal President Frank-Walter Steinmeier and Parliamentary State Secretary at the Development Ministry (BMZ) Niels Annen.

The Development Ministry (BMZ) will actively support Kenya in implementing its ambitious goals for a just energy transition. That is what the two countries agreed at their government negotiations in Berlin. The priority areas of this cooperation are developing renewable energies, expanding the electricity network, establishing hydrogen production and creating new jobs.

The Global Shield against Climate Risks is a joint initiative of the G7 and the V20 (an association of countries particularly threatened by climate change). It bundles activities in the field of climate risk insurance and prevention.

Climate change is one of the greatest challenges of our time. Only together can we identify ambitious solutions and implement them fast enough. The BMZ supports developing countries and emerging economies with a wide range of measures and programmes to achieve their climate commitments and to protect themselves against the impacts of climate change.

Three projects from Madagascar, India and Ethiopia illustrate how digital climate information services, circular economy and landscape approaches can contribute to climate change adaptation.

The increasing number and intensity of droughts, floods, and heavy rainfall show that the climate crisis is equally a water crisis. The BMZ understands water as a central element in advancing climate change adaptation and mitigation goals.

Climate risk management helps address the remaining climate risks by using a range of effective and innovative tools and measures to prevent, minimise and manage loss and damage.

Effective adaptation strategies can enable local smallholder farmers to better cope with these challenges in Ghanas Upper West Region.