Global Platform for Disaster Risk Reduction 2025 - Ministerial roundtable 04.06.2026
Accelerating Financing for Resilience: Tailored Solutions for Dister Risk Reduction
Statement delivered by Ms Stine Håheim Deputy Minister,
Ministry of Foreign Affairs, Norway
Check against delivery
4 June 2025
Thank you, chair. The Norwegian domestic experience is that legislation and financing for DRR should be an integrated part of work and budgets in all sectors and at all levels. In addition, specific allocations for DRR,e.g.flood and avalanche protection for houses and infrastructure, are paramount.
Furthermore, implementing regulatory frameworks that require businesses to incorporate DRR measures into their operations can drive private sector investment. This includes building codes, environmental regulations, and mandatory risk assessments. It is important, however, that a strong regulatory framework is accompanied by consistent enforcement.
Encouraging businesses to integrate DRR into their corporate social responsibility strategiescan promoteinvestment in community resilience and sustainable development. Highlighting the long-term benefits of DRR for business continuity and reputation can motivate companies to invest.
Supporting innovation and the development ofnew technologiesfor DRR can also attract private sector investment. This includes funding research and development, providing grants for innovative solutions, and fostering collaboration between academia and industry.
Norway is therefore supporting the development of new and innovative tools to increase finance in DRR. One mechanism for investments in DRR is parametric 35 insurance schemes where insurance premiums are triggered by warnings before a disaster happens, thereby enabling the vulnerable population to takeappropriate action. Insurance payments after a disaster can channel large financial resources faster and more effectively to countries and people affected by natural disasters than traditional humanitarian aid often does. An example of this is our support to the African Risk Capacity (ARC), an insurance schemeinitiated by the African Union for countries in Africa to insure against the financial consequences of natural disasters.
Let me end by saying thatwe in this roomall know DRR financing makes sense economically. The Global Commission on adaptation has estimated a cost-benefit ratio of investments in climate and weather services of 1:9. During the Oslo Policy Forum in February we all spoke to the need for increased financing for DRR. I'm therefore pleased that this is so prominently featured on the agenda of the Global Platform. Now, we all need to ensure that this message is shared broadly, and that all actors understand the benefits of investing in DRR.