PM Modi launch ‘Infrastructure for Resilient Island States’ for most vulnerable countries
- IRIS facility is a joint initiative with the Coalition for Disaster Resilient Infrastructure (CDRI) and Small Island Developing States (SIDS).
- Small island states are uniquely threatened by climate change and rising sea levels.
- Two Pacific islands are at risk of disappearing by the end of this century, and some communities are already having to relocate.
About Small Island Developing States
- Small Island Developing States (SIDS) are a distinct group of 38 UN Member States and 20 Non-UN Members/Associate Members of United Nations regional commissions that face unique social, economic and environmental vulnerabilities.
- The three geographical regions in which SIDS are located are: the Caribbean, the Pacific, and the Atlantic, Indian Ocean and South China Sea (AIS).
- Climate change has a very tangible impact on SIDS.
- Slow onset events such as sea level rise pose an existential threat to small island communities, requiring drastic measures such as relocation of populations, and the related challenges this poses.
- These challenges are compounded by limited institutional capacity, scarce financial resources and a high degree of vulnerability to systemic shocks.
About new Fund
- The new IRIS fund will support small island states to develop resilient, sustainable infrastructure that can withstand climate shocks, protecting lives and livelihoods.
- The UK will contribute an initial £10 million to the fund, which will provide targeted technical assistance.
Coalition for Disaster Resilient Infrastructure (CDRI)
- It is a multi-stakeholder global partnership of national governments, UN agencies and programmes, multilateral development banks and financing mechanisms, the private sector, and knowledge institutions.
- The Prime Minister of India launched CDRI during his speech at the UN Climate Action Summit on 23rd September 2019.
- It aims to promote the resilience of new and existing infrastructure systems to climate and disaster risks in support of sustainable development.
