COPENHAGEN: Environment, Forest and Climate Change Minister Md Shahab Uddin today said Bangladesh requires US$ 373 billion to implement its National Adaptation Plan (NAP) in the next 27 years, with US$ 8.5 billion per year as new and additional finance.

"For the full implementation of the (Nationally determined contributions) NDC targets of Bangladesh, it needs US$ 143 billion from international support...we need to ensure easy and quick access to climate finance as well," he told the first Copenhagen Climate Ministerial Meeting held at Eigtveds Pakhus in Copenhagen, Denmark, according to a message received here, reports BSS.

The most vulnerable developing countries urgently require new, predictable, and adequate grant-based public financing for adaptation beyond voluntary donor assistance, he said.

The minister said the financial mechanism must be settled for the effective implementation of the NAP.

He urged the developed countries to double adaptation finance to support developing countries in their efforts to cope with the adverse impacts of climate change.

In line with the position of the LDC group, he said, Bangladesh expects a more proactive role from the developed countries to ensure the ambitious contribution of climate finance towards grant-based adaptation support to the most climate-vulnerable countries.

Shahab Uddin said Parties must reach consensus on several critical issues regarding the 'Mitigation Work Programme' to reduce global green house gas (GHG) emissions by 43 percent by 2030 aiming to keep 1.5 degree Celsius within reach.

Earlier, the minister joined a view-exchange meeting with the Bangladeshi community held in Bangladesh Embassy in Denmark with AKM Shahidul Karim, Ambassador of Bangladesh to Denmark, in the chair.