The Coalition of Disaster Resilient Infrastructure (CDRI), a global partnership of 27 countries initiated by India in 2019, will be launching a programme to help Small Island States develop resilience to climate crisis at the upcoming Glasgow Climate Change Conference COP 26 (October 30 to November 12).
CDRI was launched by PM Narendra Modi at the UN Climate Action Summit in New York in 2019. The programme titled “Infrastructure for Resilient Island States’ will be implemented between 2022 to 2030 in 58 countries located across three geographic regions: the Caribbean, the Pacific, the Atlantic, Indian Ocean, Mediterranean and the South China Sea.
India, Australia and the UK are likely to pledge 10 million dollars each for the project and other CDRI initiatives. Other countries are also likely to contribute. Japan and the USA have offered support in kind, mainly in technical expertise.
These countries are highly susceptible to economic losses due to disasters with average annual losses ranging from 1% to 10% of the GDP, according to a World Bank report titled ‘Climate and Disaster Resilient Transport in Small Island Developing States.’ They account for two-thirds of the countries in the world that suffer the highest relative losses due to disasters. Overall, these nations also have the highest multi-hazard risks relative to the size of their capital stock as per the UN Global Assessment Report (2017).
Source: https://www.hindustantimes.com
