{"id":82786,"date":"2022-11-16T21:27:38","date_gmt":"2022-11-16T19:27:38","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=82786"},"modified":"2022-11-16T21:27:38","modified_gmt":"2022-11-16T19:27:38","slug":"unicef-raising-30-m-to-intensify-humanitarian-financing-gap-for-disaster-protection","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/unicef-raising-30-m-to-intensify-humanitarian-financing-gap-for-disaster-protection\/","title":{"rendered":"UNICEF raising $30 m to intensify humanitarian financing gap for disaster protection"},"content":{"rendered":"

The UN Children\u2019s Fund (UNICEF)<\/a> is raising $30 million for the project and calling for additional private and public partners to join the agency in closing the intensifying humanitarian financing gap for disaster protection for children and youth.<\/p>\n

UNICEF launched a new climate financing initiative designed to help countries address current and growing impacts of the climate crisis, and better cope with disasters.<\/p>\n

\u201cWe know more climate disasters are in the making. We just do not know where or when they will hit\u201d, said Karin Hulshof,\u00a0UNICEF<\/a>\u00a0Deputy Executive Director for Partnerships.\u201d<\/p>\n

The\u00a0Today and Tomorrow<\/em>\u00a0initiative, for the first time, combines funding\u00a0for immediate resilience and risk prevention programs for children today, with risk transfer finance provided by the insurance market to help cope with future cyclones.<\/p>\n

\u201cThe risks of climate change are no longer hypothetical. They are here. And even while we work to build communities\u2019 resilience against climate disasters, we have to become much better in pre-empting risks for our children\u201d, she added.<\/p>\n

Youth are a critically vulnerable population who are among the most affected by extreme weather events.<\/p>\n

Last year, UNICEF\u2019s\u00a0Children\u2019s Climate Risk Index<\/a>\u00a0estimated that 400 million children are currently at high exposure to cyclones.<\/p>\n

During the initial three-year pilot, the initiative will focus on Bangladesh, Comoros, Haiti, Fiji, Madagascar, Mozambique, Solomon Islands, and Vanuatu.<\/p>\n

Although extreme weather damage perpetuates and deepens inequality and poverty across generations, existing risk transfer mechanisms do not meet the specific needs of hundreds of millions of children and youth.<\/p>\n

Today and Tomorrow<\/em>\u00a0is the first\u00a0pre-arranged and event-based\u00a0climate disaster risk financing mechanism that specifically targets the \u201cchild protection gap\u201d, with\u00a0full support for the future, as secured by the governments of Germany and the United Kingdom under the newly launched\u00a0G7-V20 Global Shield against Climate Risks<\/a>.<\/p>\n

Heike Henn, a Director at the German Ministry for Economic Cooperation and Development, expects the initiative to deliver in the areas of knowledge-sharing and increased familiarity with risk financing instruments; improved shock resilience of development institutions; and help close the disaster risk protection gap, \u201cespecially for children and mothers\u201d.<\/p>\n

UK Minister for Development and Africa, Andrew Mitchell, strongly supports \u201cbringing pre-arranged and trigger-based financing to the humanitarian sector\u2026including this new grant to UNICEF\u2026to protect up to 15 million children, young people and their families across Africa, the Caribbean, Asia and the Pacific and respond rapidly if tropical cyclones hit\u201d.<\/p>\n

Cyclones and the disasters they spark, such as floods and landslides, are the fastest-growing category of climate-influenced disasters and a major cause of global losses and damages, according to UNICEF.<\/p>\n

UNICEF\u2019s research has shown that investments that reduce exposure to and negative impacts from cyclones and other hazards can considerably reduce overall climate risk for millions of children.<\/p>\n

\u201cUNICEF is the first UN institution, as well as one of the largest humanitarian organizations worldwide, to take out a bespoke disaster risk coverage for the protection of children, youth and parents, especially mothers\u201d, said Simon Young, a Senior Director in the Climate and Resilience Hub at international insurance advisors WTW, which designed the insurance solution.<\/p>\n

As well as pressing Governments and big businesses to rapidly reduce emissions, UNICEF urges leaders to take immediate action to protect children from climate devastation by adapting the critical social services they rely on.<\/p>\n

UNICEF also urges parties to\u00a0find and fund solutions to support those facing loss and damage beyond the limits to which communities can adapt.<\/p>\n

\n

<\/h2>\n

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The UN Children\u2019s Fund (UNICEF) is raising $30 million for the project and calling for additional private and public partners to join the agency in closing the intensifying humanitarian financing gap for disaster protection for children and youth. UNICEF launched a new climate financing initiative designed to help countries address current and growing impacts of […]<\/p>\n","protected":false},"author":410,"featured_media":82787,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6038,984],"tags":[],"yoast_head":"\nUNICEF raising $30 m to intensify humanitarian financing gap for disaster protection - Csr Egypt<\/title>\n<meta name=\"description\" content=\"UNICEF) is raising $30 million for the project and calling for additional private and public partners to join the agency in closing the intensifying humanitarian financing gap for disaster protection for children and youth.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/csregypt.com\/en\/unicef-raising-30-m-to-intensify-humanitarian-financing-gap-for-disaster-protection\/\" \/>\n<meta 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