Fossil Fuel Phase-Out: Hope Dashed at COP28!

Hopes for a rapid transition away from fossil fuels were dampened at COP28, as the summit’s president, Sultan al Jaber, questioned the scientific consensus on the matter. In a heated online question-and-answer session, al Jaber, who is also the chief executive of Abu Dhabi National Oil Company (ADNOC), challenged the notion that phasing out fossil […]

COP28: Urgent Call for Increased Climate Adaptation Finance Flows

Bangladesh: Experts gathered at a multi-stakeholder dialogue in Dhaka, Bangladesh, on November 20 to discuss the urgent need for increased climate adaptation finance flows for vulnerable developing countries like Bangladesh. The dialogue, organized ahead of the upcoming UN Climate Change COP28 conference, highlighted the importance of fulfilling the commitment to mobilize $100 billion annually through […]

COP 28: What should be Bangladesh’s Demands?

In light of the upcoming climate conference (COP 28), climate experts from Bangladesh have called upon the government to take decisive measures to limit global temperature rise to 1.5 degrees Celsius. They have also advocated for the establishment of a dedicated fund to address the losses and damages caused by climate change. A seminar titled […]

ADB Commits $106 Million to Improve Water Management and Agriculture

Bangladesh: The Asian Development Bank (ADB) has committed to providing a loan of $106 million to enhance water management and promote agricultural productivity in rural regions of Bangladesh. To formalize this agreement, the Bangladesh government and the ADB signed a loan agreement on Sunday, October 29. Additionally, an agreement was reached for a grant assistance […]

Carbon Market and Bangladesh

What Is the Carbon Market? Carbon markets are trading schemes designed to create financial incentives for activities that reduce or eliminate greenhouse gas (GHG) emissions. In these schemes, emissions are quantified into carbon credits that can be bought and sold. Each tradable carbon credit equals one ton of carbon dioxide or the equivalent amount of […]

Inside ‘Mujib Climate Prosperity Plan’

Vulnerability to Resilience to Prosperity Bangladesh faces increasing catastrophic impacts of climate change that could result in a 6.8% loss in GDP per year by 2030 if business as usual is pursued globally. For this reason, there is a need to build Bangladesh’s resilience to make sure that the threat multiplier of climate change does […]

What is the ‘Paris Agreement’?

The Paris Agreement is a legally binding international treaty on climate change. It was adopted by 196 Parties at the UN Climate Change Conference (COP21) in Paris, France, on 12 December 2015. It entered into force on 4 November 2016. Its overarching goal is to hold “the increase in the global average temperature to well below […]

Government Allocates $50 Million for Block Brick Traders

Bangladesh: The government has allocated $50 million for block brick traders, announced the Secretary of the Ministry of Environment, Forest, and Climate Change, Farhina Ahmed. She mentioned that this funding has been designated within the Bangladesh Environmental Sustainability and Transformation project, which is being executed by the Department of Environment. It is intended to support […]