Planning, right financial products can help governments address potential risk of a disaster to budgets: CDRI’s Prothi

[ad_1] Risk transfer instruments can offer cost-effective alternatives to measures aimed at mitigating significant long-term climate threats to the economy, said Amit Prothi, director general of the Coalition for Disaster Resilient Infrastructure (CDRI). CDRI, a multilateral organization based in New Delhi, was launched by Prime Minister Narendra Modi at the 2019 United Nations (UN) Climate…

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Green efforts: Citizens must chip in if we’re to save our urban ecosystems

[ad_1] The annual post-monsoon festive season also brings with it a choke-hold associated with deadly air pollution—at levels so high that it makes our air-quality metrics worthless.  December and January complete the cycle as we prepare for a new year, with its year-round challenges of solid-waste pollution and traffic congestion. All of these translate into…

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Disasters cost billions—but who pays the price?

[ad_1] The recent California wildfires have reignited global concerns about climate change and its role in intensifying natural disasters. Beyond the immediate devastation, they have also highlighted a growing crisis in the insurance industry. It is the rise of insurance deserts—regions where access to insurance becomes scarce or nonexistent due to extreme risk and unsustainable…

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