Saturday, 28 January, 2023

‘More foreign aid needed to deal with climate change’

  • Staff Correspondent
  • 4 December, 2022 12:00 AM
  • Print news

Environment, Forest and Climate Change Minister Shahab Uddin on Saturday said Bangladesh is working sincerely to reduce climate risk not only with foreign aid but also with its own funding.

Bangladesh will be able to work more vigorously to combat climate change if it receives sufficient foreign aid, he said.

The environment minister said these while addressing the shadow parliament debate competition titled “Cop-27 could not Reflect the Expectations of Climate Affected Countries” organised by Debate for Democracy at Bangladesh Film Development Corporation on Saturday.

“About 490 million US dollars or 3 thousand 852 crore taka have been allocated from the Bangladesh Climate Change Trust Fund established in 2009 up to the financial year 2020-21. Various ministries, government offices, organizations and various institutions are accepting and implementing more than 850 projects,” said the minister.

The Environment Minister said although there are some limitations to this conference, we can see the light of hope. 

According to this decision, climate-affected countries like Bangladesh must be compensated by developed countries, he said.

“The commitment to pay $100 billion per year to the target must be fully implemented. This year's Climate Conference decided to create a Loss and Damage Fund, but the source of funding has not been determined, which needs to be done urgently,” he added.

A total of 230 billion US dollars are needed to implement Bangladesh’s Climate Adaptation Plan (NAP), he said.

“Around 21.85 per cent of greenhouse gas emissions will be reduced by 2030 through the implementation of Bangladesh’s Nationally Determined Contribution or NDC to reduce greenhouse gas emissions if sufficient foreign aid is received,” he said.

Debaters from Bangladesh University of Business and Technology and Stamford University Bangladesh participated in the shadow parliament contest held under the chairmanship of Debate for Democracy Chairman Hasan Ahmed Chowdhury Kiran.

Bangladesh University of Business and Technology team won the debate.  Later, the minister gave the prizes to the winning team.