Innovative Disaster Risk Reduction Investment Modalities
- Organizer(s)
- UNDRR
- Contact
- Paola (albrito@un.org); Raul (rsalazar@eird.org)
The expected average annual losses from earthquakes, tsunamis, tropical cyclones and floods are now estimated at US$314 billion in the build environment alone. In line with the Sendai Framework, investments need to be risk informed and must reduce existing risks. Protecting investments and reducing economic losses require several urgent measures and pioneering ways to trigger financings in disaster risk reduction. This session focused on the “innovative” modalities in disaster risk reduction investments through practical examples and review what is new and replicable in investment modalities. The session equally identified existing barriers when trying to develop or duplicate new approaches to DRR investments that if overcome, would help to match the speed and scale required by today’s development landscape to reduce economic losses due to disasters.
Moderator:
Patrick Leusch, Deutsche Welle
Speakers:
Kris Faafoi, Minister of Civil Defense and Minister of Commerce and Consumer Affairs New Zealand
Cecilie Daae, Director-General, Directorate for Civil Protection Ministry of Public Security, Norway
Jorge Nuño, Chief of the Investment Unit Section Ministry of the Treasury (Secretaría de Hacienda y Crédito Público), Mexico
Paolo Garonna, Secretary General of the Italian Banking, Insurance and Finance Federation
Christy Stickney, National Director for Habitat for Humanity Nepal