Economic Affairs Secretary Calls for Disaster Resilience in Infrastructure Projects
'Disaster resilience must be built into infra projects,' says Economic affairs secretary Anuradha Thakur
The Economic Times
Image: The Economic Times
Anuradha Thakur, India's Economic Affairs Secretary, emphasized the necessity of incorporating disaster resilience into infrastructure projects during a keynote address in New Delhi. She highlighted that proactive investment in resilient infrastructure can mitigate long-term costs and protect public finances amidst increasing climate-related risks.
- 01Disaster resilience should be integrated into infrastructure planning and financing.
- 02Investing in resilient infrastructure can reduce long-term costs and disruptions.
- 03Collaboration across ministries and sectors is essential for effective implementation.
- 04Partnerships are crucial for knowledge-sharing and capacity-building in developing countries.
- 05Global infrastructure losses from climate and disaster risks are estimated at $845 billion annually.
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During a keynote address at an event organized by the Department of Economic Affairs (DEA) and the Coalition for Disaster Resilient Infrastructure (CDRI) in New Delhi, Anuradha Thakur (Economic Affairs Secretary of India) stressed the importance of embedding disaster resilience into the design and financing of infrastructure projects. She noted that disasters pose significant developmental and fiscal challenges, leading to lost economic growth and strained public finances. Thakur outlined three key points: first, investing in disaster-resilient infrastructure upfront can prevent long-term costs and disruptions; second, resilience must be mainstreamed across various sectors and agencies; and third, partnerships are vital for knowledge-sharing and capacity-building, especially in developing nations. A report released at the event indicated that global infrastructure losses due to climate and disaster risks are estimated at $845 billion annually, with actual losses likely being much higher.
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Incorporating disaster resilience into infrastructure projects can lead to more sustainable development and reduced economic losses for communities, particularly in India, which faces significant disaster risks.
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