Tag: Climate Finance
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Effective climate adaptation requires effective financing
The world has been struggling against three “V”s or vulnerabilities to climate change, corruption and conflicts (four “C”s). However, before exhausting hope at the end of the tunnel, the world community have stood up and built the broad based global architecture in 2015 to protect the planet earth and its inhabitants. With the alarming progression…
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Can we count on the GCF?
Assessing the GCF’s performance on funding adaptation for the most vulnerable countries By the end of this year, the Green Climate Fund (GCF) — the main international fund designated to help countries address climate change — will have been active for six years. At this point, it would be a good time to reflect back…
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Paradigm must shift for long term capacity building on climate adaptation
If we are going to tackle climate change, the world will have to work together As the COP22 winds down in Marrakesh, one of the low key but extremely important decisions made was setting up the Paris Committee on Capacity Building (PCCB). The committee will have the role of carrying out Article 11 of the…
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Paris deal execution planning starts
The Paris Agreement to tackle climate change which was achieved at the 21st Conference of Parties in Paris, France last December has been ratified by well over fifty-five countries accounting for over 55% of global emissions (the two thresholds that need to be achieved for the agreement to go into force as international law). It…
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Bangladesh’s role in tackling climate change
(Originally published here) In the last week of April, nearly two hundred international participants from over forty countries, along with a hundred participants from Bangladesh, attended the 10th International Conference on Community Based Adaptation (CBA10) at the Independent University, Bangladesh (IUB) in Dhaka. The four-day conference was preceded by three days of field visits by the…
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Climate finance in Bangladesh: Learning from Experience
(Originally published here) Over the last decade in Bangladesh, we have spent almost a billion US dollars on several hundred projects and activities to tackle climate change. Most of these projects have been on adaptation but a few have also been on mitigation. As tackling climate change is a new issue for us, there is…
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UN energy envoy urges investors to consider 1.5C warming limit
(Originally published here) Investors should consider how an aspirational 1.5C limit on global warming affects their portfolios, a top UN envoy said on Monday. Shareholders are already pressing fossil fuel majors to recognise the risk greenhouse gas emissions curbs could dampen demand for their products. To date, most analysis has focused on a 2C threshold. Rachel Kyte, CEO…
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$50m climate fund in danger
(Originally published here) Bangladesh is about to lose $50 million (about Tk400 crore) of climate funds because of tension between the World Bank and donors, and a lack of commitment on the government’s part. Even as the government is grappling to find funds for dealing with the climate change impacts, the donors have decided to…
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Digital Bangladesh – Right to information and climate finance
(Originally published here) As Bangladesh and the world enters post-2015 era with the Sustainable Development Goals (SDGs), the Paris Agreement on Climate Change and Sendai Action Plan on Disaster Risk Reduction (DRR) – all meant to be achieved by 2030 – it is time to think out of the traditional ‘development box’ and do some…
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Bangladesh urges quick release of climate fund
(Originally published here) A high official yesterday complained that the release of global climate fund (GCF) meant for supporting the adaptation projects in vulnerable countries remains slow, hindering the implementation activities. “It needs to be expedited. The approach should not be like a banker,” said Dr Nurul Quadir, joint secretary of the Ministry of Environment…
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Could an African become the new U.N. climate chief?
(Originally published here) The next head of the U.N. process to tackle climate change should come from one of the world’s poorest countries, which led an ambitious drive to limit global warming to 1.5 degrees Celsius in the new Paris deal, a leading expert has proposed. With Christiana Figueres stepping down as executive secretary of…
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Political economy of climate finance
(Originally published here) As the implications of the Paris Agreement on Climate Change of 2015 become clear, financing of actions to tackle climate change on both the global and national level in every country will play a key role. These will, in turn, be influenced largely by the global and national political economy. In this…