Daily Bulletin “From Japan to Bali”
Key Messages from Japanese Stakeholders
10th World Water Forum - Water for Shared Prosperity

JAPAN WATER FORUM
22 May 2024 - Bali, Indonesia

How Can We Promote the Contribution ofPrivate Companies to Investment for WaterRisk?
SHINYA Takafumi, Chief Researcher, International Centre for Water Hazard and Risk Management (ICHARM)• Disclose the sustainability of business under climatechange• Turn the cost of risk into the corporate value of resilience• Guide stakeholders with cost-benefit analysis for international and interdisciplinary cooperation❶ Multi-Stakeholder Approach for ReducingDisaster Risks and Embracing Climate Change
Adaptation

The Yangon and Kumamoto Declarations of the AsiaPaciﬁc Water Summits set the goal of doubling investments to address water-related disasters. However,most countries have not been able to actively invest
enough in disaster risk reduction (DRR) and climatechange adaptation. The session discussed how to mobilize funding sources through multistakeholder eﬀorts
to invest in disaster risk reduction and climate change
adaptation.

The Relationship between Disaster Risk andLand Development Benefits in Central Tokyo
NAGAMI Kozo, Specially Appointed Professor,Tohoku University• Optimally invest on urban development, wisely
choosing the location with less hazard exposure• Accumulated effects from the past investment, including in DRR, should be reflected to the land price• Land value capture is proposed to enable mobilizing
the private finance❸ Enhanced Funding to Cope with Water Crises, Water Disasters and for Climate Resilience

This synthesis session discussed innovative approaches to mobilizing financing sources, based on theoutcomes of the four sessions:

Keynote Speech
OKI Taikan, Vice-President of the Japan WaterForum (2024 Stockholm Water Prize)① Recovery Funding
KOMORI Daisuke, Tohoku University• Water minfra is a new concept for water infrastructure “of all, by all, and for all”
• Water resources are created by water minfra, while
the water cycle is natural• Sustainability of water minfra requires the collaborative development of an integrated long-term vision.

② Multi-Stakeholder Approach
ISHIWATARI Mikio, Japan Water Forum

Multi-Stakeholder Approach to Share Responsibility
ISHIWATARI Mikio, Board Director, Japan Water Forum④ Mobilizing ‘Wise’ Investments
ARGYANTORO Arvi, Ministry of Public Worksand Housing, Indonesia• Sharing of responsibility and cost among multiplestakeholders is key to mobilize finance for flood protection investment.
• Japan historically shares costs among national andlocal governments and local communities, while othercountries rely only on national government.

Based on the outcomes of this session, Japan Water Forum will produce a paper entitled Enhanced Funding toCope with Water Crises, Water Disasters and for Climate
Resilience. The paper will include specific recommendations and a roadmap for mobilizing financing at variouslevels and engaging diverse stakeholders.

③ Evidence-Based Financing
KAWASAKI Akiyuki, University of Tokyo❷ Evidence-Based Financing for Crises, Recovery, and Resilience

The Sendai Framework for Disaster Risk Reduction recognized the importance of pre-disaster investment, butthere are numerous challenges to its full-scale implementation. This session engaged on this topic, with anemphasis on framing the requirements for evidencebased financing for crises, recovery, resilience and disaster risk reduction.

©2024 Japan Water Forum - Publisher: Japan Water Forum - Executive Sponsor : Asahi Shuzo Co., Ltd.