Bangladesh Climate Change Trust Fund (BCCTF) has been allocated Tk200 core in the budget proposed for fiscal year 2014-15 to reduce the climate change adversities in the country.
As of the current fiscal year, the climate trust fund, formed by the government’s own resources in 2009, has received Tk 2555 crore in the last five fiscal years.
Bangladesh is one of the most vulnerable countries exposed to global climate change though it insignificantly contributes to the adversity, caused by the climate change.
Apart from the BCTF, there is another fund named Bangladesh Climate Change Resilience Fund, which was formed by the government established with the assistance of development partners in 2011.
The fund has so far received $186.9 million from the development partners.
He, however, said this allocation would be reduced in future and steps instead will be taken to increase the climate change resilience fund.
