COP27: Global Risk Modelling Alliance Selected as Key Resource for the Global Shield Initiative

Sharm El Sheikh, Egypt, 16 November 2022: The Global Risk Modelling Alliance (GRMA), a joint public-private technical assistance programme with a mission to address the global imbalance in access to climate and disaster risk information, announces today a series of major milestones in its global deployment amid strong momentum at the 27th Conference of the Parties of the UNFCCC (COP27) in Sharm El Sheikh, Egypt:

• The GRMA will provide capacity building for climate-vulnerable countries in climate and disaster risk analytics 
   
• Pakistan confirmed as first GRMA partner country to support its pathway towards better financial protection against climate risks 
   
• As part of its EUR 170 million commitment towards Loss and Damage and the Global Shield the German Government provides EUR 10 million to the GRMA 
   
• GRMA is integrated into the Climate Prosperity plans of the V20 Group of Ministers of Finance of the Climate Vulnerable Forum

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