Context:
Recently, the Prime Minister of India addressed the 6th edition of the International Conference on Disaster Resilient Infrastructure (ICDRI).
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- The event, hosted by the Coalition for Disaster Resilient Infrastructure (CDRI), is themed “Investing Today for a more resilient tomorrow” and aims to bolster global infrastructure against disaster.
- ICDRI will bring together governments, the global infrastructure community, multilateral development banks, and the private sector to agree on a roadmap for putting ideas into action to mobilize public and private investment in disaster-resilient infrastructure.
- The Prime Minister pointed out that the focus of the conference shifts towards resilience in infrastructure once relief and rehabilitation are carried out after a disaster strikes.
- The Prime Minister, highlighting India’s G20 leadership, emphasized the creation of a new Disaster Risk Reduction Working Group focused on financing. He positioned this, along with the growing prominence of CDRI, as key steps towards a world better equipped to handle disasters.
About International Conference on Disaster Resilient Infrastructure (ICDRI)
- It brings together governments, organizations, institutions, the media, and infrastructure stakeholders to strengthen the global discourse on disaster and climate-resilient infrastructure.
- Recent estimates of the annual investment required to provide the infrastructure needed, support the SDGs, attain net zero, and strengthen resilience by 2050 amounts to $9.2 trillion of which $2.84 – $2.90 trillion must be invested in low and middle-income countries (LMICs).
Coalition for Disaster Resilient Infrastructure (CDRI)
- Founded by India in 2019.
- Currently comprising 46 members, including 39 countries, 7 multilateral organizations, and a private sector association.
- India holds the permanent co-chair position within the CDRI Governing Council and Executive Committee.
- CDRI promotes rapid development of resilient infrastructure to respond to the Sustainable Development Goals’ imperatives of expanding universal access to basic services, enabling prosperity and decent work.
- It is a partnership of national governments, UN agencies and programs, multilateral development banks and financing mechanisms, the private sector, and knowledge institutions.
- CDRI launched initiatives such as the Infrastructure Resilience Academic eXchange (IRAX) to empower students and professionals in innovating solutions.
- CDRI supports the achievement of goals and targets enshrined in the Sustainable Development Goals (SDGs), Paris Agreement on Climate Change, Sendai Framework for Disaster Risk Reduction (SFDRR), and the UN Agenda 2030 principles of leaving no one, no place and no ecosystem behind.