Baku (Azerbaijan), Nov 11, 2024: At COP29, the Coalition for Disaster Resilient Infrastructure (CDRI), comprising 40 countries and seven international organisations, will focus international attention on the urgent need for investments in Disaster Resilient Infrastructure (DRI), and announce funding and initiatives to support vulnerable countries and communities.
Announcements include $ 8 million worth of projects to support Small Island Developing States and a $ 2.5 million funding opportunity for cities focused on extreme heat and urban flooding, according to a press release issued on Monday.
A new mountain programme, a Physical Climate Risk Assessment Playbook for financial institutions, a Report on resilience of transport infrastructure, and guidelines to safeguard transport practitioners against extreme heat will be launched in Baku.
The Coalition will host a dedicated DRI pavilion at COP29. As many as 36 sessions over the two weeks will bring together governments, the private sector, civil society, and academic experts. Discussions will demonstrate the benefits of resilient infrastructure to sustainable development, reducing disaster risks, and advancing climate action.
“When disasters strike lives are lost, essential services are disrupted, and repairs consume money that could have been used elsewhere. Resilient infrastructure protects lives, helps those immediately affected, and supports a rapid recovery. Financing is needed, which will be at the heart of discussions at COP29 in Baku, and that’s why CDRI is here providing a platform for Coalition members and partners to advocate, share, and ensure a more resilient, inclusive, and equitable future for all,” said Amit Prothi, Director General, CDRI.
Launched by Prime Minister Narendra Modi at the UN Climate Action Summit in New York in 2019, the Coalition for Disaster Resilient Infrastructure is a partnership of national governments, UN agencies and programmes, multilateral development banks and financing mechanisms, the private sector, and academia that aims to promote the resilience of new and existing infrastructure systems to climate and disaster risks in support of sustainable development.
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