UNICEF and Partners Launch Disaster Risk Financing Platform at COP31 to Enhance Humanitarian Response
The United Nations has introduced a new Disaster Risk Financing (DRF) Platform at the 31st United Nations Climate Change Conference (COP31) in Antalya, Türkiye. This initiative aims to secure over US$3 billion in risk financing by 2030 to protect 75 million people and their livelihoods from climate shocks and natural hazards. The platform, a collaborative effort among six UN agencies including FAO, IOM, OCHA, UNICEF, UNHCR, and WFP, seeks to make disaster response funding more predictable and increase the availability of funds for early action during major crises. By combining robust data, predictive analysis, and pre-arranged financing, the platform intends to strengthen emergency responses before, during, and after disasters, ensuring more efficient use of funds and building resilience in vulnerable communities. Collaboration with the insurance industry and financial markets is also a key component to scale up financing and reduce costs.