DRI Dialogue: Leveraging the Global Infrastructure Risk Model and Resilience Index (GIRI) for Risk-Informed Decision-Making
- English
Time
18:00 IST
About
The Biennial Report presents a compelling economic, financial, and political imperative for investing in resilience, based on the cutting-edge Global Infrastructure Risk Model and Resilience Index (GIRI). GIRI provides a globally comparable set of financial risk metrics for infrastructure assets. It is the first-ever fully probabilistic model to identify and estimate the risks associated with major hazards (earthquakes, tsunamis, tropical cyclone winds and storm surges, landslides, floods, and hydrological drought) across principal infrastructure sectors (power, oil and gas, telecommunications, ports and airports, roads and railways, water and wastewater, health, education, and commercial, industrial and residential buildings) in all countries and territories, accounting for existing climatic conditions and two other climate change scenarios. Additionally, risk metrics such as Average Annual Loss (AAL) enable governments to identify and understand contingent liabilities internalized in their infrastructure systems and to inform resilience-related investments.
Governments can use this tool to understand the risks they face and recognize the critical importance of ensuring that all future infrastructure is fully resilient. The analysis data can inform new infrastructure investment decisions and help (re)build resilient infrastructure systems that endure and serve generations to come.