Climate risks particularly affect poor and vulnerable countries and people. Social protection (social cash transfers, social insurance, in-kind transfers, public works, etc.) is key for strengthening their resilience against these risks. Thus, such instruments should be adapted to respond to climate and disaster risks and should be applied as part of a comprehensive mix of climate and disaster risk finance and insurance solutions. Yet, especially for those countries and people that need it the most, there are large financial and social protection gaps. The Global Shield against Climate Risks aims to bundle global and national activities to close these protection gaps.

This side event highlights how adaptive social protection, as part of the Global Shield, can protect vulnerable people against climate risks and reduce climate-related loss and damages, especially when integrated in a comprehensive approach und linked to other climate risk finance at country level.