Realise compensation, don’t take climate loan, TIB to govt

Sun Online Desk

28th October, 2016 04:39:44 printer

Realise compensation, don’t take climate loan, TIB to govt

Executive Director of the Transparency International Bangladesh (TIB) Dr. Iftekharuzzaman on Friday urged the government not to take any loan from international agencies to cope with climate change impacts.


“The World Bank has announced that it’ll provide US$ 2 billion credit to Bangladesh to address climate change impacts. But, we don’t want credit. We want compensation,” he told a press conference at Dhaka Reporters Unity (DRU).


The TIB chief said the country’s people have already been affected due to climate change and they will have to bear the additional burden of credit if the government takes any loan.


Observing that the ‘World Bank’s credit business’ will not be operational here, he said it will not be logical to accept credit from the global lender since the government has the diplomatic capacity to realise grants from developed countries as climate compensation.


Iftekharuzzaman said it is widely recognized that Bangladesh is one of the most vulnerable countries to climate change and its contribution to global warming is negligible. That is why compensation must be given to the climate vulnerable countries like Bangladesh and their participation must ensue in policy formulation in addressing climate change impacts, he added.


He said the developed countries pledged that they would provide additional financing to the climate-affected countries as compensation, but they are reluctant about their pledge.


The TIB executive director urged the authorities concerned to simplify the disbursement process of the Green Climate Fund (GCF) so that climate vulnerable countries can get grants from it easily.


Replying a question, he said Bangladesh should not take any development project that causes harm to the environment, and no one gets any scope to say that Bangladesh is also responsible for global climate change.


CLEAN (Coastal Livelihood and Environmental Action Network) and TIB jointly arranged the press conference to announce Bangladesh Climate Justice Declaration after observing the Climate Justice Week 2016 in nine coastal districts during October 22-28.