Bangladesh seeks 15pc climate adaptation fund
Wednesday, 23 December 2009
Bangladesh as a most vulnerable country will seek 15 per cent of the US$30 billion fund agreed at the Copenhagen climate conference to tackle the adverse impact of the changing climate, reports UNB.
"This money is not enough to enhance our adaptation capability… We expect bilateral assistance too to finance our mitigation and adaptation plans," State Minister for Environment and Forests Hasan Mahmud told a press briefing Tuesday after returning from Copenhagen.
According to the Copenhagen accord, the developed countries is to provide new and additional resources including forestry and investments through international institutions approaching US$30 billion for the period 2010-'12 period.
It says funding for adaptation will be prioritised for the most vulnerable developing countries such as least developed countries (LDCs), small island developing states and Africa.
For mitigation actions and transparency on implementation, developed countries commit to a goal of mobilising jointly $100 billion a year by 2020 to address the needs of developing countries.
Dr Hasan Mahmud said Bangladesh had been recognised by world leaders as the most vulnerable country to global warming, and "we must be compensated."
"This money is not enough to enhance our adaptation capability… We expect bilateral assistance too to finance our mitigation and adaptation plans," State Minister for Environment and Forests Hasan Mahmud told a press briefing Tuesday after returning from Copenhagen.
According to the Copenhagen accord, the developed countries is to provide new and additional resources including forestry and investments through international institutions approaching US$30 billion for the period 2010-'12 period.
It says funding for adaptation will be prioritised for the most vulnerable developing countries such as least developed countries (LDCs), small island developing states and Africa.
For mitigation actions and transparency on implementation, developed countries commit to a goal of mobilising jointly $100 billion a year by 2020 to address the needs of developing countries.
Dr Hasan Mahmud said Bangladesh had been recognised by world leaders as the most vulnerable country to global warming, and "we must be compensated."