Business Desk :
Bangladesh Centre for Advanced Studies (BCAS) in collaboration with Centre for Climate Change and Environmental Research (C3ER), and International Centre for Climate Change and Development (ICCCAD), under the Climate Finance Transparency Mechanism (CFTM) project organized 2nd International Conference on Climate Finance on Saturday at Dhaka.
Following the theme ‘Challenges and Opportunities of Climate Finance’, national and international experts made presentations and participated in high level plenary discussions across the 5 technical sessions.
The sessions focused on effective climate finance access and governance, integration of youth and gender in climate investments, and promoting policies with innovative approaches from different country perspectives. The technical sessions of the second day will concentrate on private sector, green finance mechanism, case studies, and initiatives in Bangladesh. It is expected that high level political leadership, policy makers and climate scientists will address the concluding session on 10 March 2019 at 4 pm.
“The global military expenditure is rising; it was US$ 230 per person in 2017-18 and 2.2% of the global GDP, but global climate finance is meager. We are fighting each other with the military expenditure, but we need to protect ourselves from climate change impacts where more funding is needed. People in Bangladesh are the innocent victims of climate change where we do not emit much. Bangladesh has created climate funds by our own contribution”, said Dr. Hasan Mahmud, Ministry of Information, Chief Guest of the inaugural session of the programme.
Over 200 national and international experts, scientists, researchers, practitioners and policymakers from 17 countries attended the conference. Dr. Atiq Rahman, Executive Director, BCAS and Chair of the inaugural session emphasized how climate change is the greatest threat to the planet in this 21st century. Saying, “Bangladesh is one of the most vulnerable countries, the poor are affected the most and they contribute the highest proportion of their budget to cope with climate change. Poor are paying the most, but the rich must pay to stop climate change through mitigation and adaptation of the vulnerable communities”.
Paul Steele of IIED and Dr. Shaikh Eskander from Kingston University London shared their recent study findings from Bangladesh and informed that the annual household expenditure of the poor (Tk. 6609) is higher than the average government’s annual expenditure (Tk 3092) for poor households.
They conducted the study on household level climate expenditure in the major climate hotspots in Bangladesh and suggested that government and donor must increase their financial allocation for the poor households to protect their lives and livelihoods from the climate change impacts.
Bangladesh Centre for Advanced Studies (BCAS) in collaboration with Centre for Climate Change and Environmental Research (C3ER), and International Centre for Climate Change and Development (ICCCAD), under the Climate Finance Transparency Mechanism (CFTM) project organized 2nd International Conference on Climate Finance on Saturday at Dhaka.
Following the theme ‘Challenges and Opportunities of Climate Finance’, national and international experts made presentations and participated in high level plenary discussions across the 5 technical sessions.
The sessions focused on effective climate finance access and governance, integration of youth and gender in climate investments, and promoting policies with innovative approaches from different country perspectives. The technical sessions of the second day will concentrate on private sector, green finance mechanism, case studies, and initiatives in Bangladesh. It is expected that high level political leadership, policy makers and climate scientists will address the concluding session on 10 March 2019 at 4 pm.
“The global military expenditure is rising; it was US$ 230 per person in 2017-18 and 2.2% of the global GDP, but global climate finance is meager. We are fighting each other with the military expenditure, but we need to protect ourselves from climate change impacts where more funding is needed. People in Bangladesh are the innocent victims of climate change where we do not emit much. Bangladesh has created climate funds by our own contribution”, said Dr. Hasan Mahmud, Ministry of Information, Chief Guest of the inaugural session of the programme.
Over 200 national and international experts, scientists, researchers, practitioners and policymakers from 17 countries attended the conference. Dr. Atiq Rahman, Executive Director, BCAS and Chair of the inaugural session emphasized how climate change is the greatest threat to the planet in this 21st century. Saying, “Bangladesh is one of the most vulnerable countries, the poor are affected the most and they contribute the highest proportion of their budget to cope with climate change. Poor are paying the most, but the rich must pay to stop climate change through mitigation and adaptation of the vulnerable communities”.
Paul Steele of IIED and Dr. Shaikh Eskander from Kingston University London shared their recent study findings from Bangladesh and informed that the annual household expenditure of the poor (Tk. 6609) is higher than the average government’s annual expenditure (Tk 3092) for poor households.
They conducted the study on household level climate expenditure in the major climate hotspots in Bangladesh and suggested that government and donor must increase their financial allocation for the poor households to protect their lives and livelihoods from the climate change impacts.
