Over the last twenty years, 7,348 major disaster events were recorded, claiming about 1.23 million lives, affecting 4.2 billion people and costing the global economy approximately US$2.97 trillion. At the heart of these systemic risks as well as non-systemic disaster risks are our disconnected relationship with nature as well as the strong socio-economic inequalities between and within countries. This session is designed to:
(i) Showcase how and why Nature-based Solutions (NbS) need to be an integral part of decision-making for disaster risk reduction (DRR) and climate change adaptation (CCA), and how NbS can help address root causes of the COVID-19 pandemic, as well as climate risks and socioeconomic inequalities;
(ii) Generate commitment to further mainstream NbS into risk-based decision-making in all sectors by identifying means of action and success factors;
(iii) Share knowledge and best practices to address existing challenges and the potential and current barriers of implementation.
Session Objectives
This session will discuss how Nature-based Solutions (NbS) can be implemented in order to reduce systemic risks. More specifically, it will aim to:
- Raise awareness and knowledge on the use of NbS for reducing and managing systemic risks
- Encourage governments, policy makers, Civil Society Organisations and private sector to step-up their commitments in implementing, reporting and financing Nature-based Solutions for Disaster Risk Reduction, as well as in using technology transfers for the design and implementation of NbS for DRR and CCA
- Inspire donors to allocate more considerable funds for the implementation of projects and initiatives aimed at promoting good practices using NBS
