Natural disasters & its impact on India and role of CDRI : News & discussion

EU’s lending arm joins India-led Coalition for Disaster Resilient Infrastructure​

The European Investment Bank (EIB), the lending arm of the European Union (EU), has joined the India-led Coalition for Disaster Resilient Infrastructure (CDRI) as part of efforts to limit damage caused by climate change.

EIB will work with national governments, UN agencies, multilateral development banks and the private sector that are part of CDRI to promote the rapid development of infrastructure resilient to climate change and natural disasters around the world.

The European development bank intends to work with CDRI members to take forward EU initiatives to achieve sustainable global connectivity, such as the Global Gateway, and climate action initiatives such as the EU Green Deal. EIB has also announced plans to double its annual investments in India from the current level of about €500 million in the next two years.

EIB president Werner Hoyer welcomed the Indian government’s initiative to create CDRI to build a global economy resilient to climate change. “As part of Team Europe, the EIB will offer advisory and financial support to CDRI members and ensure they can benefit from all relevant EU initiatives,” he said.
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Kamal Kishore, the Indian co-chair of CDRI’s executive committee, welcomed the EIB’s decision in view of its position as one of the world’s main financiers of climate action and environmental sustainability.


EIB, as the EU’s climate bank, also has extensive experience supporting climate action projects worldwide. EIB’s membership of CDRI will also facilitate the establishment of standards and certification relevant to disaster-resilient infrastructure.

CDRI was launched at the UN Climate Action Summit in 2019 at the initiative of India, and facilitates the sharing of knowledge and resources among its members. It also helps countries meet the UN Sustainable Development Goals (SDGs) and expand access to basic services.


EIB has been investing in sustainable infrastructure in India and the region for more than 25 years, and its CDRI membership is expected to strengthen the India-EU connectivity partnership.

The development of resilient infrastructure is a key step in limiting the impact of climate change, especially in developing countries that are expected to be among the hardest hit by the phenomenon.

Developing countries currently require annual investments in climate adaptation in the range of €60 billion, and by 2030, these countries will need between €120 billion and €250 billion each year.

Since the beginning its operations in India in 1993, the EIB has supported 17 projects in transport, energy, agriculture, fisheries and forestry with investments of nearly €4.2 billion.
www.hindustantimes.com

EU’s lending arm joins India-led Coalition for Disaster Resilient Infrastructure

European Investment Bank president Werner Hoyer welcomed the Indian government’s initiative to create CDRI to build a global economy resilient to climate change
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33 million affected, 982 dead, 6.8 lakh houses destroyed amid Pak floods​

Around 33 million people have been affected - 1,456 have been injured and 982 killed - as floods ravage parts of Pakistan, prompting the Shehbaz Sharif government to turn to the Pak Army for help in rescue and relief operations. The floods have also badly damaged houses and infrastructure; Pakistan's disaster management agency said over 3,000 km of roads, around 150 bridges and nearly seven lakh houses have been washed away or destroyed.

Pakistan news website Dawn painted a grim picture Saturday morning, writing, "... at present, more than half of (the country) is under water and millions of people have been rendered homeless as a result of flash flooding generated by abnormal monsoon rains..."

Unprecedented rains have also left over 5.7 million without shelter and food.

The Tribune spoke of a 'fresh wave of death and destruction' in the Khyber-Pakhtunkhwa, Balochistan and Sindh provinces, where heavy rain continues for a second consecutive day, leaving parts cut off due to broken roads and bridges.

The destruction also includes damage to crops and livestock.

Sindh and Balochistan have been worst hit, news agency PTI said, adding Pak's railway had suspended operations at several places in these areas.

Pakistan International Airlines halted flights to Quetta, the Balochistan provincial capital on Friday, due to bad weather.

The Pak government, news agency ANI added, is to launch a 'flash appeal' to the United Nations; this is after the government declared a 'national emergency'. The UN Central Emergency Response Fund has already allocated $3 million.

Warnings over heavy rainfall, The Tribune also said, remain in place till Tuesday, Aug 30. More rain has been predicted for the coming week.

Sindh and Balochistan provinces have been worst hit by the disaster and Pakistan Railway has suspended some operation while Pakistan International Airlines halted flights to Quetta, the capital of Balochistan province.


Quetta and its outskirts remain submerged after a 36-hour spell of rain brought life to a standstill and left hundreds of families without homes, the Dawn said.

The floods and rains have also led to an acute gas shortage because authorities could not repair pipelines washed away due to floods in the Bolan river.

On Friday videos emerged on Twitter of flooded streets and (almost) completely submerged cars. One video showed a prominent hotel collapsing in the floods.


Torrential rain in different parts of KPK, flooding situation at Swat Bypass!#FloodSituation #Sindh #Sindhfloods #SindhNeedsDisasterRelief #balochistanfloods pic.twitter.com/pkjHO1lmjB
— Chaudhary Parvez (@ChaudharyParvez) August 26, 2022
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www.hindustantimes.com

33 million affected, 982 dead, 6.8 lakh houses destroyed amid Pak floods: Report

According to Pakistan's The Express Tribune, the country's weather department has predicted more rain the coming week.
www.hindustantimes.com
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