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Bangladesh to get $30 million in climate adaptation fund

30 November 2022

Staff Reporter :
The developed countries promised nearly $30 million for financing the Adaptation Fund to combat climate change damage in Bangladesh.
The promise was given in the 27th World Climate Conference (COP-27) held in Egypt's Sharm Al-Sheikh recently.
Md Shahab Uddin, Minister of the Ministry of Environment, Forest and Climate Change, disclosed it at a press conference in his secretariat office on Tuesday.
While sharing Bangladesh's expectations and achievements in the recently concluded World Climate Conference,  the minister said that a small but skilled and experienced delegation led by the Ministry of Environment, Forests and Climate Change participated in the conference on behalf of Bangladesh.
The Bangladesh delegation played an effective and strong role on various issue-based discussions in the conference on behalf of
least developed countries and countries that are very endangered and vulnerable due to climate change.
The heads of state and government of more than 110 countries participated in the high level segment of the conference held on November 7 to 8, he added.
 "Bangladesh highlighted four demands in the country statement. The demand includes the establishment of a financing system to avoid, reduce and deal with loss and damage due to the climate change," Shahab Uddin said.
Highlighting some important decisions and significant aspects taken at COP-27 to deal with climate change, the Minister said, adding that the COP-27 decided to form a new table to deal with loss and damage in the most vulnerable developing countries.
Besides, a transitional committee has been constituted to implement the fund and to fix its details at COP-28, he added.
There was no decision like the loss and damage in the past conferences, the minister said, adding that what they received on loss and damage this time is a good sign for Bangladesh.
The developed countries will provide global aid for the loss and damage of the affected countries along with Bangladesh, he added.
Shahab Uddin also said, "its successful implementation will depend on proper implementation. We hope that the industrialized countries of the world will be more proactive in dealing with the harmful effects of climate change."
Farhina Ahmed, Secretary of the Ministry of Environment, Forests and Climate Change said it has been possible to keep the temperature increase target within 1.5 degrees Celsius for Bangladesh's lobbying.
The target of adaptation is yet not been fixed and it is being negotiated, she said adding that Bangladesh is among the first 40 countries to adopt a National Adaptation Plan.
The Secretary said, there will be four technical level dialogues in the next two years including a dialogue at the ministerial level too.
Specifically, $ 230 million has been pledged to the Adaptation Fund, she said adding that Bangladesh will get exactly $9.9 million from the adaptation fund.
Farhina Ahmed, however, said that Bangladesh get a commitment of $20 million from the COP-27.

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