- March 20, 2018
Tk499.633 crore from the climate fund is being kept at three branches of Farmers Bank
As you can probably imagine, beyond the obvious ethical questions (of the victims of climate change needing to pay in order to cope), there are a lot of challenges with this
The solution lies in implementing the promises of the Paris Agreement
‘Transparency should not be a requirement for the developing countries only, but for the developed countries too, as in most cases, their policies regarding the disbursement of climate fund is vague’
Established in 2013, UN climate body the Warsaw International Mechanism (WIM) for Loss and Damage has disappointed vulnerable people on the front line of climate impacts. In its sixth meeting that was held last month, it did not reach any solid decision regarding the use of climate fund to actively tackle climate impacts; rather, it pushes for introducing insurance. In an email conversation, Harjeet Singh, global lead on climate change for ActionAid International, discusses these issues with the Dhaka Tribune
Making a dedicated effort to include the poor in climate change projects can have a lasting impact on their lives and is ultimately an effective and efficient use of climate finance
Let us believe resonation of localisation will become meaningful for communities rather than being confined in conference rooms
A few days before his term came to an end, President Barrack Obama sent half a billion dollars to the Green Climate Fund. This would be his final gesture as president supporting international climate action.
Bangladesh can strengthen its local government’s institutions to really provide an effective channel for pro-poor climate finance
NDA has nominated LGED to get the readiness support for their accreditation purpose. Under this support, Price Waterhouse Coopers would assess their capacity and will assist them to get accreditation
There are important roles for stake-holders outside government such as media, NGOs, and CBOs, and the private sector for ensuring climate finance
According to the ODI report (2016), developed countries claimed that, altogether, around $33bn have been disbursed during 2014-2016
Rights groups blamed the developed countries for their Indecisiveness in the COP22 which ultimately push the vulnerable nations towards long-term damage.
The “Marrakech Action Proclamation for Our Climate and Sustainable Development”, issued by the Heads of State, Government, and Delegations, gathered in Marrakech for COP22, for the 1st Session of the Conference of the Parties understandably committed that “Our climate is warming at an alarming and unprecedented rate and we have an urgent duty to respond. We welcome the Paris Agreement, adopted under the Convention, its rapid entry into force, with its ambitious goals, its inclusive nature and its reflection of equity and common but differentiated responsibilities and respective capabilities, in the light of different national circumstances, and we affirm our commitment to its full implementation.”
On the last day of the UN climate change conference, COP 22, the Climate Vulnerable Forum (CVF) – a group of over 40 nations including Bangladesh – committed to strengthen action to keep global warming to 1.5 degrees above pre-industrial levels and transition to a 100% renewable energy trajectory.
A road map on getting $100 billion climate finance from 2020, with the provision of getting this money as additional beyond the Official Development Assistance
Set up with foreign funds six years ago, the fund has not been successful in its intent or purpose, according to a major donor
The grant was sought as climate finance negotiations entered a decisive turning point as the United States and its allies proposed that developing countries also contribute to the fund