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Hindustan Times
6 days ago
- Business
- Hindustan Times
CDRI announces $2.47 million climate fund for cities in Latin America, South Asia
New Delhi: The Coalition for Disaster Resilient Infrastructure (CDRI) on Tuesday announced a USD 2.47 million fund to implement five urban resilience projects in 16 cities across five countries in Latin America and South Asia, including India. These projects aim to benefit nearly 2.9 million people in Bhutan, Brazil, Honduras, India, and Sri Lanka by creating climate-resilient cities through integrated planning, innovation, and community participation. CDRI is a global coalition that focuses on improving the resilience of infrastructure systems to climate and disaster risk. CDRI said in a press statement that with a commitment of USD 2.47 million from the Infrastructure Resilience Accelerator Fund, the CDRI's trust fund, these projects are said to generate an estimated savings of USD 91 million in operations and management and impact infrastructure investments exceeding USD 161 million in the 16 cities. In India, the funds will go into implementing risk-informed water security strategies in the Chikkaballapur district in Karnataka. CDRI said the project is likely to impact the lives of 300,000 people. Chikkaballapur district in Karnataka does not have perennial water sources for drinking water supply and agriculture. The only source is groundwater, which has already been overexploited. According to the CDRI statement, Chintamani, one of the focus cities, is plagued by challenges related to both groundwater and surface water, There is a high borewell failure rate due to a lack of knowledge of the region's geology and aquifers and the dumping of untreated sewage into water bodies, which is also leading to pollution. The project in Bhutan covers three cities -- Thimphu, Phuntsholing, and Samtse-- and aims to develop early warning systems and resilient public space planning. CDRI states these projects are expected to benefit 275,000 people in these cities. In Brazil, the focus is on nature-based solutions and data tools to reduce the impact of urban flooding on 70,000 residents of Porto Alegre. Creating climate-proof healthcare infrastructure is the focal point in Honduras, which aims to provide services to the 50,000 vulnerable residents. In Sri Lanka, real-time water monitoring and infrastructure upgrades will improve the lives of more than two million Colombo, Kotte, and Kelaniya residents. Announcing these projects, Amit Prothi, DG at the CDRI, said, 'These projects will empower cities worldwide to address evolving urban challenges in health, water, and climate through locally anchored, globally informed resilience planning solutions.'
News18
06-06-2025
- Business
- News18
Protecting World's $1.5-Trillion Coastal Economies: 7th Edition Of ICDRI-2025 Opens In France
Last Updated: The two-day annual conference brings together governments, UN agencies and multilateral development banks to promote disaster-resilient infrastructure in the wake of climate change The mounting disaster risks faced by the world's most vulnerable coastal communities are at the forefront of the seventh edition of the International Conference on Disaster Resilient Infrastructure (ICDRI-2025), which began in Nice, France, on Friday. The crucial two-day conference, organised by the CDRI, will urge the global community to fast-track resilient infrastructure in the world's most vulnerable countries. This year's focus is on coastal communities, which contribute roughly $1.5 trillion to global GDP annually – a figure projected to rise to nearly $3 trillion by 2030. In addition, nearly 90% of goods moved globally are transported by sea. About 37% of the world's population lives within 100 km of the coast, where the population density is twice the global average. While all coastal areas face growing challenges, Small Island Developing States (SIDS) are especially vulnerable because of their remoteness and isolation, experts say. 'Coastal resilience is essential for safeguarding lives, livelihoods, and economies. The conference will bridge science, policy, and finance by bringing together global voices to address shared challenges and promote collective action, particularly for vulnerable coastal communities and SIDS. Being delivered in Europe for the first time, in partnership with the Government of France, the 7th edition of CDRI's annual conference will again foster inclusive dialogue and forge action-oriented partnerships to advance the cause of disaster-resilient infrastructure," said Amit Prothi, DG, Coalition for Disaster Resilient Infrastructure (CDRI). Launched by Prime Minister Narendra Modi during the United Nations Climate Action Summit on 23rd September 2019, in New York, CDRI is the second major global initiative launched by India after the International Solar Alliance. A global partnership between governments, UN agencies, multilateral development banks, the private sector, and academic institutions, it serves as a platform for generating and exchanging knowledge and providing technical support to member countries. Since its formation, CDRI has forged global partnerships with as many as 49 countries. Over the next two days, experts will discuss how coastal regions, especially SIDS, can be better equipped to withstand climate-induced hazards while ensuring economic stability. The CDRI will also launch a thought piece on Disaster-Resilient Infrastructure (DRI) for Coastal Regions at the inaugural session. Developed by expert groups, it will set the tone for discussions throughout the two-day event, including the broader third UN Ocean Conference (UNOC3) taking place in Nice from June 9-13. First Published:
