Forecasting vulnerable areas and de-risking investments
The event covered a wide range of topics, but to Bianca, two were of direct interest to NWP and its members: forecasting vulnerable areas and de-risking investments. In terms of forecasting, new technologies are allowing us to anticipate areas of conflict and what climate events may happen where, when and at what scale with greater accuracy. The potential for the Dutch water sector is being involved in the areas of monitoring and sensing.
Knowing where conflicts and climate events may occur in the short term, resources could be mobilised from potential private sector financiers and expertise from the Dutch water sector in advance to deal with the short term needs. At the same time, vulnerable areas also need long-term prevention solutions. According to Bianca, “This calls for water expertise and innovative technologies, which could well be supplied by the Dutch water sector. Our small and medium sized companies in particular have relevant technologies. However, they do not usually have the financial flexibility to invest themselves.” This calls for de-risking investments. If governments or financial institutions can minimise the financial risks, these companies could deploy their technologies to mitigate the effects of natural disasters. And if natural disasters do occur, they can support humanitarian help and reconstruction.
