| The report ‘Financial Preparedness Strategies for Adaptation and Resilience’ states that financial resources are required at various stages to build further disaster-resilient infrastructure, such as disaster prevention, preparedness, response and recovery. It discusses strategies to fortify assets against climatic events like cyclones and floods. The report covers disaster finance in India, exposure assessment, probabilistic risk analysis, and cost-benefit analysis for transmission and distribution investments. It explores institutional mechanisms, public-private partnerships, and innovative global funding models like Energy Resilience Banks and catastrophe bonds. Another key objective of the report is to provide a precise cost-benefit analysis for improving the sector’s resilience. The report further reviews global best practices related to disaster infrastructure financing to identify potential financing opportunities that could be adopted in the case of Odisha to help fill the institutional gaps identified in the state. Based on the analysis, financial resilience can be further strengthened by adopting risk layering mechanisms and evaluating post-disaster finance needs. |
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