These countries formed the Latin American Climate Action Network and the Latin American Network for Public Finances in order to coordinate, share experiences and best practices, and look into public planning investment systems in line with the principles of resilience.   

Contributing to risk-informed public and private investments are space technologies, as pointed out by Hiroshi Yamakawa, President of Japan Aerospace Exploration Agency (JAXA).

“Close collaboration between space agencies and disaster management users is crucial,” he noted.  Satellite images provide 24/7 information on wide geographical areas and thus supply data to be used by disaster managers to plan evacuation, rescue and support activities. 

“Risk losses money at the end of the day,” said July Moyo, Minister of Local Government, Public Works and National Housing of Zimbabwe, when speaking about ways to motivate businesses to make risk-informed investments during the working session on resilience dividend, which followed the high-level dialogue.   

“If we don’t get into action, we won’t have a planet to live on,” warned Shaun Tarbuck, CEO of International Mutual Insurance Association, whereas Bärbel Kofler, Federal Government Commissioner for Humanitarian Assistance and Human Rights Policy of Germany noted that “unlocking the resilience dividend is truly in everyone’s interest.”

Date:

17 May 2019

Sources:

United Nations Office for Disaster Risk Reduction (UNDRR)

Regions:

Africa, Americas, Europe, Asia, Oceania