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This is an archive article published on July 25, 2023
Pvt investment required to mitigate disaster risk, says Mishra
Mishra, while addressing the inaugural session of the meeting, listed out the dangers of climate change to the planet as a whole as seen over the past four months and spoke on the need for “mobilising private finance” for disaster risk reduction.
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P K Mishra, the principal secretary to the Prime Minister Narendra Modi (Express File Photo) Spelling out the agenda for ‘disaster risk reduction’ for G20 nations at its third working group meeting held in Chennai, principal secretary to the Prime Minister, P K Mishra on Monday said that “climate finance” is integral to disaster risk reduction and developing an active strategy globally to address the same.
Mishra, while addressing the inaugural session of the meeting, listed out the dangers of climate change to the planet as a whole as seen over the past four months and spoke on the need for “mobilising private finance” for disaster risk reduction.
“Climate finance has to be an integral part of financing for disaster risk reduction. Mobilising private finance for disaster risk reduction has been a challenge, but without it we will not be able to go very far in addressing all the disaster risk reduction needs,” said Mishra in a press statement.
“Over the last few years, in India we have completely transformed the way disaster risk reduction is financed. We now have a predictable mechanism for financing not just disaster response but also disaster mitigation, preparedness and recovery. Can we have analogous arrangements at the global level as well?” he asked. “…The challenges the world faces today underline the importance of this working group,” he said.
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