Combining climate change, disasters, and sustainable development

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Many international policy documents and researchers are calling for a merger of climate change policy, disaster risk reduction (with a focus on water related disasters), and sustainable development (often from the viewpoint of infrastructure and safe livelihoods in floodplain areas). Is it useful to push such a top down approach and would it lead to better funding/resources on a local level, or is it better to work the other way around?