India, along with Australia, the UK and small island developing states (SIDS) will be launching a new initiave for Infrastructure for Resilient Island States (IRIS) on the sidelines of the upcoming Conference of Parties (COP26).
The platform is aimed at creating a coalition for putting in place infrastructure that can withstand disasters and lessen economic losses in island nations.
Australia, India and the UK have committed an initial funding of $10 million for IRIS. “More countries, including Japan, are expected to contribute to the initiative. IRIS is currently at the inception stage and resources will be aligned to the requirement of projects,”