CDRI Unveils $10M+ Funding and Programs at COP29
ECONOMY & POLICY

CDRI Unveils $10M+ Funding and Programs at COP29

At the COP29 summit, the Coalition for Disaster Resilient Infrastructure (CDRI) announced over $10 million in funding and several new programs aimed at strengthening the resilience of communities facing severe climate threats. Launched by Prime Minister Narendra Modi, CDRI, which includes 40 countries and 7 international organisations, aims to reduce the impact of disasters on critical infrastructure and protect the most vulnerable populations.

During the announcement, the coalition introduced initiatives designed to address the specific climate risks faced by Small Island Developing States (SIDS), urban areas prone to extreme weather, and mountainous regions. These initiatives align with CDRI’s mission to enhance global resilience through investments, technical resources, and cross-border cooperation.

One of the most significant announcements was an $8 million fund dedicated to improving infrastructure resilience in SIDS, which are highly vulnerable to rising sea levels, hurricanes, and other climate-related events. This fund builds on CDRI’s previous efforts to support island states, which have already seen improvements in early warning systems, climate-adapted housing, and resilient coastal facilities across 13 SIDS, including Fiji and the Dominican Republic.

Additionally, CDRI revealed a $2.5 million funding initiative targeting cities in low- and middle-income countries (LMICs). This funding, available to cities across 30 CDRI member countries, will assist them in making informed infrastructure investments to better manage climate-related risks.

CDRI also launched a new Mountain Resilience Program aimed at addressing the unique climate challenges of mountainous regions, such as landslides, avalanches, and flash floods. The program will focus on creating risk-informed policies that combine local knowledge with eco-friendly practices to tackle these hazards effectively. By fostering collaboration between governments, local communities, and environmental experts, the initiative seeks to protect both natural ecosystems and essential infrastructure in these areas.

At the COP29 summit, the Coalition for Disaster Resilient Infrastructure (CDRI) announced over $10 million in funding and several new programs aimed at strengthening the resilience of communities facing severe climate threats. Launched by Prime Minister Narendra Modi, CDRI, which includes 40 countries and 7 international organisations, aims to reduce the impact of disasters on critical infrastructure and protect the most vulnerable populations. During the announcement, the coalition introduced initiatives designed to address the specific climate risks faced by Small Island Developing States (SIDS), urban areas prone to extreme weather, and mountainous regions. These initiatives align with CDRI’s mission to enhance global resilience through investments, technical resources, and cross-border cooperation. One of the most significant announcements was an $8 million fund dedicated to improving infrastructure resilience in SIDS, which are highly vulnerable to rising sea levels, hurricanes, and other climate-related events. This fund builds on CDRI’s previous efforts to support island states, which have already seen improvements in early warning systems, climate-adapted housing, and resilient coastal facilities across 13 SIDS, including Fiji and the Dominican Republic. Additionally, CDRI revealed a $2.5 million funding initiative targeting cities in low- and middle-income countries (LMICs). This funding, available to cities across 30 CDRI member countries, will assist them in making informed infrastructure investments to better manage climate-related risks. CDRI also launched a new Mountain Resilience Program aimed at addressing the unique climate challenges of mountainous regions, such as landslides, avalanches, and flash floods. The program will focus on creating risk-informed policies that combine local knowledge with eco-friendly practices to tackle these hazards effectively. By fostering collaboration between governments, local communities, and environmental experts, the initiative seeks to protect both natural ecosystems and essential infrastructure in these areas.

Next Story
Infrastructure Urban

Minister urges swift removal of obstacles in infrastructure projects

G R Anil, Food and Civil Supplies Minister, highlighted that numerous obstacles impede the initiation of large projects, emphasising the need to eliminate unnecessary protests and misinformation that hinder development. He made these remarks during the inauguration of the organising committee for the Pothencode-Mangalapuram road at the Pothencode panchayat office. The minister expressed the goal of completing the road construction within five months, stating that its completion would resolve traffic issues in Pothencode. He also announced that the Public Works Department (PWD) Minister Moham..

Next Story
Infrastructure Urban

90 Infra Projects Worth Rs 34.17 bn Approved for North East in 4 Years

The Ministry of Development of North Eastern Region (MDoNER) has approved 90 projects with a total expenditure of Rs 34.17 billion under the North East Special Infrastructure Development Scheme (NESIDS) over the past three financial years (2021-22 to 2023-24) and the on-going financial year 2024-25. This announcement was made in a written reply in the Lok Sabha by Sukanta Majumdar, Union Minister of State for Development of North Eastern Region. The NESIDS scheme is categorised into two components: NESIDS (roads): This component focuses on developing physical assets such as roads, bridges,..

Next Story
Building Material

Steel Ministry restricts import of substandard products

The central government has identified instances of substandard steel imports and has taken measures to prevent their entry into the country. The Ministry of Steel stated that cheaper imports tend to lower domestic steel prices and negatively impact both large and small steel producers. According to the ministry, numerous traders and manufacturers have been attempting to bypass the Bureau of Indian Standards (BIS) requirements by making minor alterations to steel grades. Official reports indicate that this appears to be an effort to import inexpensive steel under the guise of different grades. ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000