This is the third climate budget report from the ministry, followed by the last two published in FY2017-18 and FY2018-19
The government has set an allocation of Tk23,748.51 crore to mitigate the adverse effects of climate change in the proposed budget for FY2019-20. The amount will be spent by 25 ministries and divisions in this regard.
The disclosure was made in a climate budget report titled “Climate Financing for Sustainable Development: Budget Report 2019-20,” published by Finance Ministry on Thursday.
This is the third climate budget report from the ministry, following the last two published in FY2017-18 and FY2018-19.
Starting with six relevant ministries and divisions in FY2017-18, the report covered 20 ministries and divisions in FY2018-19.
The report said the cumulative budget allocation of these 25 ministries and divisions amount to 58.11% of the total national budget, where 7.81 % is related to climate.
In the current fiscal year, the cumulative budget allocation for 20 ministries and divisions was at 60.53% of the total national budget, where 7.93% was related to climate.
In FY2017-18 the actual climate related expenditure amounted to Tk14,329cr. The allocation for the sector was Tk17,569.81cr.
The government first allotted TK12,163.36 crore for the climate change vulnerabilities in FY 2015-16.
Also Read- Minute by minute: National budget FY2019-20
Meanwhile, in his budget speech, Finance Minister AHM Mustafa Kamal said: “To ensure sustainable development through the protection of environment, containing pollution, protection of bio-diversity and tackling the adverse impact of climate, government has formulated the ‘National Environment Policy 2018’. It has allocated tasks among different ministries/divisions and departments to ensure their implementation.”
He added: “Steps have been taken to conduct research for projection of sea level rise in coastal areas of Bangladesh and its impact on agriculture, water resources and infrastructure.”
Steps will be taken in the coming days for the protection of the Halda River, such as declaring the river as an Ecologically Critical Area (ECA) and introduction of eco-tourism in various protected areas, he said.
"The allocation for climate financing was 5.37% of the development budget in FY2014-15, which has risen to 8.26% (0.75% of the GDP) in FY2018-19,” the minister added.
Meanwhile, Head of climate change cell of Transparency International Bangladesh (TIB), M Zakir Hossain Khan, said: "Government has to ensure that this allocation of the budget goes to the development of the areas and sectors most at risk due to climate change."
He added: "We need a complete vulnerability assessment strategy. How will the government ensure proper use of budget allocation without it? There is a chance of misuse without proper allocation.
"We have to think of it now, as the Paris agreement on climate change will come to action in 2020, and this the last year for preparation," he said.
Read the full budget speech for FY20 here.