Commissioner Stylianides pledges to unlock private sector finance for disaster risks and losses

Today Commissioner for Humanitarian Aid and Crisis Management, Christos Stylianides, speaks at the Roundtable on Finance for Disaster Risk Reduction, co-organised by the European Commission’s and the UN Office for Disaster Risk Reduction. In his speech, the Commissioner will underline the importance of the Public Private Partnership in Disaster Risk Management. Commissioner Stylianides says: “Disaster risk financing drives the funding for disaster preparedness. We need to find new risk financing solutions to maximise the impact of our humanitarian assistance globally.” In addition, about 40 experts from the banking sector, think tanks, academia, the private sector, associations and other services of the European Commission will attend the roundtable. Europe has taken a leadership role in sustainable finance and climate-related disaster risk has emerged as a particularly important strand within the sustainable finance agenda.