At COP29, the Global Shield against Climate Risks, a G7-V20 initiative, reaffirmed its commitment to protecting climate-vulnerable countries through pre-arranged finance. Co-Directors Nilesh Prakash and Dr. Astrid Zwick led the delegation, unveiling the Global Shield Ambition—a blueprint for enhancing climate resilience and tackling loss and damage via pre-arranged financing solutions. 

During the high-level dialogue on Coordination and Complementarity for Funding Arrangements Responding to Loss and Damage (FRLD), Co-Director Nilesh Prakash highlighted the critical role of pre-arranged finance in reducing loss and damage.