UN Launches $3 Billion Disaster Risk Financing Platform at COP31 to Combat Climate Shocks

The United Nations has launched a new Disaster Risk Financing (DRF) Platform at the COP31 climate conference in Antalya, Türkiye. This initiative aims to secure over $3 billion in risk financing by 2030 to protect 75 million people and their livelihoods from climate shocks and natural hazards. Bringing together six UN agencies, the platform seeks to make disaster response funding more predictable and increase resources for early action during major crises.