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Climate induced loss and finance

BD should play a vital role in defending interests of LDCs

06 December 2022

Staff Reporter :
A number of civil society organisations on Monday said that Bangladesh should play a crucial role in defending the interests of Least Developed Countries (LDCs) relating to climate induced loss and finance.
They recommended that the government would lead the LDCs to develop the framework on Loss and Damage Financing Facility (LDFF) in the climate conference next year.
They further said that Bangladesh should play a pivotal role using its leadership experience of Climate Vulnerable Forum and Vulnerable-20 Group to defend the interests of LDCs and Most Vulnerable Countries in the LDFF.
The recommendations were made at a press conference titled 'CoP-27 Outcome and Bangladesh's Next Role' held in the National Press Club in the capital where representatives who attended the CoP-27 were present.
Among others, Md  Ziaul Hoque Mukta of Center for Sustainable Rural Livelihood, Md Shamsuddoha of Centre for Participatory Research and Development  and Rabeya Begum of CANSA-BD, were present.
The event was moderated by Director of COAST Foundation Mostafa Kamal Akand and a keynote paper was presented by Aminul Hoque of EquityBD.
Aminul Hoque said that the declaration of LDFF is a significant achievement, but there is no place for self-complacence for the LDCs until it is being established as a measure for pro-poor and justice through an effective framework.
Criticising the developed countries and the CoP President for not mentioning
the names who had worked for LDFF for a long time, he demanded for Bangladesh should have a lead role for LDCs for developing the framework of LDFF, the Framework of LDFF must be developed followed by historical responsibility of global warming by rich countries that caused huge loss and damage for LDCs and MVCs.
Bangladesh should put pressure on developed countries to revise their National Determined Contribution targeting 50% emission reduction by 2030 and LDCs Representation must be included in the ad-hoc committee on New Collective and Quantified Goal process that will serve the interest of the poor, he continued.
Shamsuddoha said that the LDFF was somewhat complex and various conditions of climate mitigation have been added here.
He also said that the developed countries can take the opportunities to delay the process by imposing various conditions and for it, the government should be cautious in dealing with it.
Rabeya Begum underscored the need for more initiatives on climate change issues at the national and international level.
Rezaul Karim Chowdhury urged all to be united to raise voices, especially on LDFF issues.

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