COP28 Presidency Secures Historic Agreement on Loss and Damage Fund

DUBAI: In a landmark achievement, COP28 President Dr. Sultan Al Jaber today announced the operationalization of the Fund for Loss and Damage, a critical step towards addressing the devastating impacts of climate change on vulnerable communities around the world. The Fund, established at COP27 in Sharm El-Sheikh, Egypt, will provide financial assistance to developing countries […]

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 […]

COP28 and Bangladesh

The COP28 climate change conference will be held in Dubai, United Arab Emirates from November 30 to December 12. Bangladesh, a highly climate-vulnerable country, will be keeping a close eye on discussions about climate finance and loss and damage. Mitigation One of the main objectives of COP28 is to accelerate efforts to reduce greenhouse gas […]

A Letter to COP 28 President

A letter published last week on behalf of the international health and medical community, addressed to COP 28 President-Designate Sultan Ahmed Al-Jaber demands that “End Fossil Fuel Dependency” at the United Nations Climate Change Conference, taking place in Dubai from 30 November until 12 December 2023. Let’s read the Letter… Dear COP 28 President-Designate Sultan […]

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 […]

Bangladesh Urgently Requires Adequate Grant-Based Financing for Climate Adaptation

From Pre-COP 28 (Abu Dhabi): Bangladesh, represented by Environment, Forest, and Climate Change Minister Shahab Uddin, has emphasized the urgent need for reliable grant-based financing to address climate adaptation challenges in the world’s most vulnerable developing nations. Minister Uddin expressed his concerns, stating, “We expect developed countries to uphold their commitment to collect $100 billion […]

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 […]