ACTIVE SCIENCE
We build the first group of active scientists to measure volcanic activity.
WHAT IS VOLCANO EMERGENCY?
An emergency fund is an essential element of territorial resilience.
Disaster risk management includes a strategy of prevention and anticipation, including a monetary fund to recover quickly from economic disruption.
Private products such as insurance protect against some impacts, but rarely cover the full damage of natural hazards.
The best solution is to create an emergency fund, or a reserve fund, to be acting quickly on the ground and avoid an increase in disasters.
The Volcano Active Foundation’s emergency fund provides financial support and equipment set aside to deal with unforeseen events that may occur during a volcanic eruption.
When countries are assured of having access to financial resources through emergency funds before a disaster strikes, they can respond quickly to disasters and reduce the impact on people and their livelihoods.
This is what Caribbean and Pacific island countries have been doing over the past decade through two regional disaster risk funds: the Caribbean Catastrophe Risk Insurance Facility (CCRIF SPC) and the Pacific Catastrophe Risk Assessment and Financing Initiative (PCRAFI).
To reduce the impact of disasters on people, livelihoods and national reserves, governments need to consider how to identify and reduce the underlying risk factors. Disaster risk funds, as well as other financial and insurance solutions for disaster risk, contribute to risk reduction by helping governments address hazards that cannot be mitigated. They also help to ensure that risk management takes a proactive approach, focusing on advance planning of financial responses, rather than relying on post-disaster recovery initiatives.
The report shows that the success of disaster risk funds depends on political commitment, donor support, good operational design and financial sustainability.
THE WORK WE CAN BUILD TOGETHER WILL MAKE A DIFFERENCE.
Since 2021 VOLCANO ACTIVE FOUNDATION has been committed to the UN Global Compact corporate responsibility initiative and its principles in the areas of human rights, labour, the environment and anti-corruption.
