
Denmark first to offer U.N.-led climate compensation
Denmark became the first nation to pledge aid money for U.N.-led "loss and damage" climate funding meant to help vulnerable developing nations.
The InsuResilience Global Partnership is an alliance of G-20 and V-20 nations, U.N. organizations, civil society, and the private sector. It was launched to increase climate and disaster risk finance and insurance solutions for developing countries, with a goal of protecting 500 million vulnerable people from climate shocks. It has since transitioned into the Global Shield against Climate Risks.
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Denmark became the first nation to pledge aid money for U.N.-led "loss and damage" climate funding meant to help vulnerable developing nations.