Government forms fund to face risks of climate change: Manju | 2017-11-25 |

Government forms fund to face risks of climate change: Manju

Sun Online Desk     25th November, 2017 08:04:57 printer

Government forms fund to face risks of climate change: Manju

Bangladesh has constituted a trust fund with its own finance for facing the risks of climate change without waiting for foreign assistance, said Environment and Forest Minister Anwar Hossain Manju.


"Bangladesh is facing the impact of climate change but we will no more look for foreign assistance and the government has already formed a trust fund to face the situation," said the minister while speaking at the opening of a 3-day 'Green Convention and Expo' at Bangabandhu International Convention Centre (BCCI) in the city on Saturday.


Bangladesh Infrastructure Finance Fund Limited (BIFFL), a government-owned Non-Banking Financial Institution, organized the event to create awareness about the adverse impact of chimney based Brick kiln pollution and promote environment friendly and energy saving technologies in the country.


Anwar Hossain Manju said the government has been working to create awareness among the people to prevent environment pollution. Many factories and brick manufacturers are not complying with government's rules and regulations, he said, adding that the government is encouraging the people in industrial sector to comply with the rules and regulation through BIFFL.


BFFL Director and Secretary of Economic Relations Division Kazi Shafiqul Azam chaired the opening session while Bangladesh Bank Governor Fazle Kabir, World Bank's Country Director Qimiao Fan, Alternative Executive Director to Asian Development Bank (ADB) Mahbub Ahmed, Commercial Councilor of Chinese Embassy in Dhaka Li Guangjun and Bashundhara Group Chairman Ahmed Akbar Sobhan, among others, spoke on the occasion.


BB Governor Fazle Kabir said banks have been given necessary instruction not to give loans to factories which are not complying with the government's rules and regulations for saving the environment from pollution. Side by side, banks have been asked to spend 10 percent of their funds kept for Corporate Social Responsibility (CSR) programmes.


World Bank's Country Director Qimiao Fan said the coastal belt of Bangladesh is facing the risk of climate change and the WB has a plan to spend $2.0 billion in the next three years for facing this risk.


Source: BSS