$0.68m ADB grant to tackle climate change impact
Friday, 29 January 2010
FE Report
The Asian Development Bank (ADB) will disburse $680,000 (0.68 million) grant as technical assistance (TA) to Bangladesh government to tackle the impact of the climate change over the coming decades.
Mr Saifuddin Ahmed, joint secretary of the Economic Relations Division (ERD) and Paul J Heytens, country director of ADB Bangladesh Resident Mission, signed a letter of agreement (LoA) to this effect Thursday in the city.
Mr Harumitsu Hida, Deputy Chief of Mission of Japan embassy in Bangladesh, was also present at the LoA signing ceremony.
The aid will support and facilitate the government to implement the Bangladesh Climate Change Strategy and Action Plan (BCCSAP) in a bid to make Bangladesh more natural disaster-resilient and help strengthen its food and energy security.
The assistance will help enhance and strengthen the capacity of the environment ministry and relevant government agencies in implementing the BCCSAP to ensure food security, disaster preparedness and other key setbacks, to be created by the impact of the global warming.
The government will develop climate change mitigation and adaptation programmes which will be helpful to attract private sector businesses and other stakeholders to invest in clean energy projects eligible for carbon credits under the Kyoto Protocol's Clean Development Mechanism.
"It is essential that Bangladesh prepares to adapt to climate change and safeguard the future well-being of its people," said the ADB Country Director.
The TA will conduct gap analysis, needs assessments, prioritise areas for immediate action and implementation in adaptation, review energy and technology policies and incentives, and promote low carbon production, consumption, distribution and use of energy.
The Asian Development Bank (ADB) will disburse $680,000 (0.68 million) grant as technical assistance (TA) to Bangladesh government to tackle the impact of the climate change over the coming decades.
Mr Saifuddin Ahmed, joint secretary of the Economic Relations Division (ERD) and Paul J Heytens, country director of ADB Bangladesh Resident Mission, signed a letter of agreement (LoA) to this effect Thursday in the city.
Mr Harumitsu Hida, Deputy Chief of Mission of Japan embassy in Bangladesh, was also present at the LoA signing ceremony.
The aid will support and facilitate the government to implement the Bangladesh Climate Change Strategy and Action Plan (BCCSAP) in a bid to make Bangladesh more natural disaster-resilient and help strengthen its food and energy security.
The assistance will help enhance and strengthen the capacity of the environment ministry and relevant government agencies in implementing the BCCSAP to ensure food security, disaster preparedness and other key setbacks, to be created by the impact of the global warming.
The government will develop climate change mitigation and adaptation programmes which will be helpful to attract private sector businesses and other stakeholders to invest in clean energy projects eligible for carbon credits under the Kyoto Protocol's Clean Development Mechanism.
"It is essential that Bangladesh prepares to adapt to climate change and safeguard the future well-being of its people," said the ADB Country Director.
The TA will conduct gap analysis, needs assessments, prioritise areas for immediate action and implementation in adaptation, review energy and technology policies and incentives, and promote low carbon production, consumption, distribution and use of energy.