Financing for disaster risk reduction completely transformed in India: Pramod Kumar Mishra


New Delhi: Principal Secretary to Prime Minister, Pramod Kumar Mishra has said the financing for disaster risk reduction has been completely transformed in India over the last few years, and a predictable mechanism is in place for disaster mitigation, preparedness and recovery.

Mr Pramod stressed the need for greater convergence between various streams of financing available for disaster risk reduction.

” Climate Finance has to be an integral part of financing for disaster risk reduction” Mr Mishra said while addressing the third meeting of the G20 Disaster Risk Reduction Working Group in Chennai.

“Can we have analogous arrangements at the global level as well?”, the Principal Secretary asked.

Putting out a question, Mr Mishra said, “What kind of enabling environment should the governments create to attract private finance into disaster risk reduction? How can G20 generate momentum around this area and ensure that private investment in disaster risk reduction”.

Noting the challenges faced by the world and the impact of climate change, the Principal Secretary underlined the importance of the G20 Disaster Risk Reduction Working Group.

“The time for incremental change has now passed and the stage is set for the transformation of local, national and global systems for preventing the creation of new disaster risks and effectively managing the existing ones” he said.

The Principal Secretary also emphasized that the impacts of climate change-related disasters are enormous and interconnected in nature and are already knocking on our doors.

He gave examples of massive heat waves gripping the entire northern hemisphere, forest fires in Canada and the haze that followed which affected cities in various parts of North America, and major cyclonic activities on the east and west coasts of India.

Highlighting the need for the convergence of disparate national and global efforts to maximize their collective impact, the Principal Secretary emphasized adopting a problem-solving approach instead of fragmented efforts driven by narrow institutional perspectives.

He appreciated the UN Secretary General’s “Early Warning For All” initiative and informed that G20 has identified “Early Warning and Early Action” as one of the five priorities and putting its full weight behind it.

Highlighting the benefits of the Coalition for Disaster Resilient Infrastructure established Principal Secretary said that it informs the countries including small island developing nations about making better risk assessments and metrics to upgrade their standards while making more risk-informed investments in infrastructure development.

He emphasized working towards scaling up these ideas and thinking beyond pilots while designing the initiatives.

He underlined the need to institutionalize some of the good practices of ‘Building Back Better’ after disasters and adopt ‘preparedness for recovery’ underpinned by financial arrangements, institutional mechanisms and capacities exactly like ‘preparedness for response’.

During the last eight months of India’s G20 Presidency, the Principal Secretary said that the whole nation has participated very enthusiastically and 177 meetings have been held in 56 locations across the country so far.

He highlighted the active participation of delegates in the deliberations along with getting a glimpse of India’s social, cultural and natural variety.

“Much progress has been made in the substantive aspects of the G20 agenda. I am sure the Summit Meeting which will be held in one and a half months’ time will be a landmark event. The contribution of all of you to this outcome will be significant” Mr Mishra said.

Ms Mami Mizutori, Special Representative of the UN Secretary General; Amitabh Kant, India’s G20 Sherpa; Kamal Kishore, Chair of the Working Group; Officials from National Disaster Management Authority, National Disaster Management Institute, and Ministry of Home Affairs were among those present on the occasion.


Please enter your comment!
Please enter your name here