Tag: Climate Finance
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Gobeshona sheds light on climate finance
(Originally published here) Money for fighting climate change was in focus at the closing session of Gobeshona – an annual Conference for Research on Climate Change in Bangladesh. The conference provided the opportunity for international and multi-stakeholder participants to engage with a wide range of Bangladesh-specific climate change research. John Timmons Roberts, Ittleson Professor of…
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The future of international finance for development: Development assistance or climate finance?
(Originally published on Dhaka Tribune here) As a developing country and member of the Least Developed Countries (LDC) Group, Bangladesh is used to receiving development assistance from rich countries since our independence over four decades ago. This development assistance is received under what is commonly called Official Development Assistance (ODA). This has amounted to the…
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Getting Green Climate Funding to the local level
(This article originally published here) Ahead of the Paris climate summit (COP21), the Green Climate Fund (GCF) Board will decide which of the submitted proposals will receive the first round of funding at its 11th board meeting in Livingstone, Zambia (PDF) (2-5 November 2015). But while there is a clear need for balancing decentralised solutions with…
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Loans or grants for climate finance?
(Article originally published here) As we approach the Paris climate summit in December the topic of climate finance is becoming more pressing. It was a major topic of the recent IMF meeting in Lima, Peru and will require the involvement of ministers of finance rather than environment to make decisions. The good news is that…
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Innovation in Climate Finance
(Article originally published on The Daily Star here) The recent Champion of the Earth award conferred upon Prime Minister Sheikh Hasina by the United Nations Environment Programme (UNEP) was, significantly, a recognition of the struggle against climate change of the government and people of Bangladesh. Achim Steiner, the head of UNEP, in his citation mentioned…
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The Green Climate Fund accreditation process: barrier or opportunity?
As the largest pot of climate funding available to developing countries, the Green Climate Fund (GCF) holds huge promise. As it enters into operation, national institutions, including government, can apply to access GCF’s resources ‘directly’. But the rigorous accreditation process appears a barrier to many, which coupled with unclear benefits is likely to undermine the…
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The next phase in the global battle
(Article originally published on The Daily Star here) The recent award of Champion of the Earth conferred upon Prime Minister Sheikh Hasina by the United Nations Environment Programme (UNEP) is a fitting recognition of her personal achievements, as well as that of the government and people of Bangladesh, in being a pioneer among nations in…
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The Paris Alliance for Climate
(This article was originally published here) ‘The last pillar is the Lima-Paris agenda, also called the agenda of solutions’ The Conference of Parties, the COP, is the United Nations framework for Climate negotiations. In December 2015, Paris will host the next COP: COP21. COP21 is not “one more COP,” because humanity is at a…
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Financing adaptation in the most vulnerable developing countries
(This article was originally published here) As governments prepare to go to Paris in December to finalise the new Paris Agreement on Climate Change under the United Nations Framework Convention on Climate Change (UNFCCC) at its 21st Conference of Parties (COP21), there is an emerging consensus amongst all parties, including the developed countries, of the…
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‘Climate fund release must not be delayed’
(This article was originally published here) Polluters must stop delaying the settlement of carbon emission cut and climate finance disbursement for vulnerable nations in the name of negotiation, a discussion was told yesterday. “The negotiations between the polluters – mostly industrialised countries – and the vulnerable countries has been happening for years. Yet, there are…
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Campaigners warn of climate finance corruption risk
(This article has been originally published here) Countries like Bangladesh and the Maldives need cash to deal with global warming, but have a poor record on transparency A pillar of an anticipated UN global pact in Paris is financial support for poor countries to cut carbon and climate-proofing. Those launch solar farms in Ethiopia or build sea…
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Tracking climate finance
(This article has originally been published on The Daily Star and can be accessed here) At the global level, developed countries have pledged to provide $100 Billion every year starting from 2020 to developing countries to tackle climate change through both adaptation as well as mitigation activities. They have also agreed on setting up a…