Investing to Reduce Risk: Changing the way money is spent

This plenary focuses on the third priority of the Sendai Framework, which calls for financial investments in disaster risk reduction that will help to prevent the creation of new risk, reduce existing risk, and increase resilience where risk cannot be completely reduced through specific and tailored financing strategies and instruments. The need to make these investments is pertinent across the African continent, as Africa’s sustained economic losses due to disaster risks have only increased over time, while a complex array of financial and infrastructure-related challenges across the continue to create additional disaster risk.  

In this session, participants will discuss key tools required to provide financial protection against climate risks and building resilience in vulnerable communities, as well as discover practices that will effectively leverage capital markets to build resilience against climate impacts and how to attract investment for climate-resilient infrastructure. Encouraging the pursuit of innovative financial protection mechanisms against climate risks and developing comprehensive DRR financing strategies will help to achieve long-term resilience, as well as the sustainable development goals.