The seventh Global Platform on Disaster Risk Reduction 2022 (GP2022) concluded its deliberations without slowing down its pace. Delegates and participants engaged in a high-level dialogue, a Mid-term Review plenary, five thematic sessions as well, as side events, learning labs, a special session on scaling up joint action to reduce climate-related disasters, and the closing ceremony.
The high-level dialogue under the title “Accelerating Financing for Risk Prevention” discussed ways to increase financial flows dedicated to pre-disaster risk assessment and prevention. Participants stressed that disproportionately more resources are devoted to relief, rehabilitation, and emergency response, than to prevention, mitigation, and preparedness. They underscored the importance of innovative financial mechanisms for disaster risk reduction (DRR) to induce investment in key adaptation systems; urged for planning and funding mechanisms, involving both the public and private sectors, that trickle down to the community level; noted the need to structure both public and private finance towards building resilience; and underscored the importance of creating a pillar for anticipatory action, engaging with developing countries to address existing constraints in accessing DRR financing.
The Mid-term Review plenary focused on effective multilateral risk governance and risk management. Participants highlighted adaptive governance, institutional coherence, and the need to enhance the effectiveness, accountability, and inclusiveness of the multilateral system. They exchanged opinions on how to enable the structural transformation needed to build resilience to disasters and ensure no one is left behind.