Sunday, 5 December, 2021

Bangladesh to lose GDP’s 1.5pc for climate change: CPD

  • Staff Correspondent
  • 18 October, 2021 12:00 AM
  • Print news

Given miserable climate change condition of the world, the outcome of the COP26 is critically important for climate vulnerable countries like Bangladesh, climate experts say.

Bangladesh is feared to incur losses equivalent to 1.5 percent of gross domestic product (GDP) because of flood, says a study of Centre for Policy Dialogue revealed at a dialogue on Sunday.  

It said Bangladesh’s average temperature rose by 0.64 per cent in 2018, which was 10.20 times faster than annual increase in average temperature of 0.06 per cent in 1961.

The revelation came at the dialogue on “Bangladesh’s Expectations from COP26,” jointly organised by CPD and the International Centre for Climate Change and Development (ICCCAD).

In less than two weeks, world leaders, government officials, negotiators, and representatives of the private sector and civil society organisations are going to attend the 26th Conference of Parties (COP26) of the United Nations Framework Convention on Climate Change (UNFCCC).

The CPD study pointed out that LDCs are the worst victims of climate change vulnerability. Moreover, the ongoing pandemic has put enormous pressure on climate vulnerable countries.

Dr Fahmida Khatun, Executive Director, CPD, and Prof Mizanur Rahman Khan, Deputy Director, ICCCAD made presentations on the study at the event.

“The upcoming climate summit is going to be a defining moment for the world leaders. How they are going to implement the commitments of the Paris climate agreement are to be seen following the COP26,” said Dr Fahmida.   “There is a huge gulf between the claimed delivery and the actual receipt, and the mitigation and adaptation ratio is still not improving”, Professor Mizan mentioned.

Khushi Kabir, Member, Coordinator, Nijera Kori, said: “When we talk about progress, sustainable development and poverty reduction, discussion on climate change needs to be voiced which is a pressing need,” she said.

Charles Whiteley, Ambassador, Head of Delegation, Delegation of the EU to Bangladesh informed that the EU has already submitted their nationally determined contribution (NDC) emphasising 55 per cent greenhouse gas (GHG) emission reduction by 2030.

He felt that the private sector has a bigger role to play in tackling climate change.

Judith Herbertson, Development Director of FCDO Bangladesh, highlighted two important issues-- mitigation in line with the 1.5 degree global goal and adaptation in concentration with protecting communities and natural habitats and accessing to the climate finance.

She also emphasised the need for assistance from financial institutions for sustainable climate financing in the context of COVID-19 pandemic as well as on the adaptation of a loss and damage mechanism. She also mentioned that the UK has committed to double its efforts to tackle climate change.

BGMEA has already signed the UN fashion industry charter for Climate Action with UNFCCC to reduce industry emission by 2030, stated its former president Dr Rubana Huq.

Panelist Dr Saleemul Huq, director, ICCCAD, put emphasis on the collective responsibility to tackle climate change.

Regarding USD100 billion climate finance commitment, he said that the current demand for finance is at least USD 500 billion in five years. “We should work beyond the COP26,” he added.

Md Abul Kalam Azad, Special Envoy, Climate Vulnerable Forum Presidency of Bangladesh observed that instead of five years, all countries should adhere to the Paris Rulebook.  He said that the youth should be engaged in climate change related actions. He also felt that Bangladesh can raise its voice and call for regional collaboration and can monitor the mobilisation of climate fund of USD 100 billion.

Professor Rehman Sobhan, Chairman, CPD said that there exists some sort of asymmetry between individual responses and wider externality of the global system. He said, Bangladesh should focus more on its own individual strategies and fulfilling the commitments to achieve the goals at the national level, and that would automatically help the country achieve the global commitments as well.