BD needs nearly $150b in climate finance by 2050

Bangladesh requires approximately $146.81 billion as total climate finance until 2050, while the total adaptation finance needs will be $86.04 billion. On the other hand, $60.77 billion will be required to address the total mitigation needs (2021-2030), says a new report explaining Bangladesh's climate finance requirements, reports UNB.
The report titled "Climate Finance Synthesis Report: Needs, Flows and Gaps in the HKH countries" was released by the International Centre for Integrated Mountain Development (ICIMOD).
The Hindu Kush Himalaya (HKH) region faces escalating climate risks, including glacial melt, biodiversity loss, and extreme weather events, posing severe threats to ecosystems, livelihoods, and the well-being of billions dependent on its resources.
Bangladesh has a substantial 59% funding gap, despite a high level of commitment, underscoring the significant need for increased disbursement rates, said the report seen by UNB.
Delivery on multilateral funding for adaptation and mitigation has fallen short, to less than 0.30% of the multilateral commitment. Bangladesh received flows for energy, transport, and cross cutting sector 55%, 47%, and 61% respectively (with the gap of 45%, 39%, and 55%).
The bilateral has been better for Bangladesh in term of adaptation and mitigation, energy sector, transport, and cross cutting as it received 72%, 67%, 52% and 173% (with the average gap of 36%).