Public-Private Collaboration in Disaster Risk Mitigation
According to the United Nations, only 4% of the estimated USD 10 billion in annual humanitarian assistance is devoted to preventing disasters, yet every dollar spent on risk reduction saves up to ten dollars in economic losses resulting from disasters. How can policymakers, local government authorities, and the private sector better coordinate and create incentives to increase expenditure on risk mitigation? In which areas has investment in preventative measures been most effective? How is climate change impacting the economics of risk mitigation, and what are some of the priority sectors where public–private collaboration can have a significant impact?
Alexey Chirikov, Head of the Institute, All-Russian Research Institute for Civil Defence and Emergencies of the Ministry of the Russian Federation for Civil Defence, Emergencies and Elimination of Consequences of Natural Disasters (Federal Centre for Science and High Technology)
Shamshad Akhtar, Under-Secretary-General of the United Nations; Executive Secretary, The United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP)
Oleg Bazhenov, Deputy Minister of Civil Defence, Emergencies, and Elimination of the Consequences of Natural Disasters (EMERCOM of Russia)
Vladimir Vashchenko, Minister for Emergency Situations of the Republic of Belarus
Ricardo Cabrisas Ruiz, Deputy Chairman of the Council of Ministers of the Republic of Cuba