NGOs in the context of "The London Accord"

A subsidy, subvention or government incentive is a type of government expenditure which redistributes from tax payers to individuals, households, or businesses.Subsidies take various forms, such as direct government expenditures, tax incentives, soft loans, price support, and government provision of goods and services. For instance, the government may distribute direct payment subsidies to individuals and households during an economic downturn in order to help its citizens pay their bills and to stimulate economic activity.

Although commonly extended from the government, the term subsidy can relate to any type of support – for example from NGOs, or international organizations. Subsidies come in various forms including: direct (cash grants, interest-free loans) and indirect (tax breaks, insurance, low-interest loans, accelerated depreciation, rent rebates). Furthermore, they can be broad or narrow, legal or illegal, ethical or unethical. The most common forms of subsidies are those to the producer or the consumer.

The World Conference on Disaster Risk Reduction is a series of United Nations conferences focusing on disaster and climate risk management in the context of sustainable development. The World Conference has been convened three times, with each edition to date having been hosted by Japan: in Yokohama in 1994, in Hyogo in 2005 and in Sendai in 2015. As requested by the UN General Assembly, the United Nations Office for Disaster Risk Reduction (UNDRR) served as the coordinating body for the Second and Third UN World Conference on Disaster Reduction in 2005 and 2015.

The conferences bring together government officials and other stakeholders, such as NGOs, civil society organizations, local government and private sector representatives from around the world to discuss how to strengthen the sustainability of development by managing disaster and climate risks. The Third UN World conference adopted the Sendai Framework for Disaster Risk Reduction 2015–2030. Previous conference outcomes include the Hyogo Framework for Action 2005 – 2015: Building the Resilience of Nations and Communities to Disasters in 2005 and the Yokohama Strategy and Plan of Action for a Safer World in 1994.