Minister for Environment, Forest and Climate Change Md Shahab Uddin said the ambition of emission reduction pledges for 2030 need to be seven times higher to keep the 1.5 degree goal of the Paris Agreement. He said Bangladesh strongly urged developed countries to fulfil their commitment of USD 100 billion. He said Green climate fund (GCF), Least developed countries fund (LDCF), adaptation fund (AF) and GEF Trust fund should be strengthened with adequate resources and access of that funds should be quick and easy.
Environment Minister said these in Bangladesh delegation PRESS BRIEFING AT COP28 at Dubai, UAE on Sunday, 10 December 2023.
Environment minister said Bangladesh is strongly in favor of a balanced 50:50 allocation between adaptation and mitigation and grant-based financing for adaptation in line with Paris Agreement decision. We would put importance to new and additional public financing. Bangladesh firmly emphasizes the doubling adaptation fund and support for NAP implementation, which is the priority of 49 countries those have already prepared and submitted their NAPs. We are looking forward to adopting a decision on Global Goal on Adaptation emphasizing on time bound implementable targets for achieving climate resilience.
Environment Minister said under the visionary leadership of Hon’ble Prime Minister Sheikh Hasina, has demonstrated unwavering commitment to climate action, as exemplified by the recent recognition of her efforts with the “Climate Mobility Champion Leader Award” and “GCA Local Adaptation Champions Award” in the category “Innovation in Devolving Finance”.
Shahab Uddin expressed gratitude to the COP 28 Presidency and some concerned countries for the historic decision on the Loss and Damage Fund of more than USD 700 million, adopted on the opening day of the conference. He also expressed disappoint to see that the progress on both the Mitigation Work Programme, mitigation under Global Stock Take (GST), and the just transition work program has been significantly insufficient. He urged the standing committee on finance (SCF) to fix a common definition of climate finance on an urgent basis. It is also important for the discussion of New Collective Quantified Goal (NCQG) of climate finance.
Deputy Minister for Environment, Forest and Climate Change Habibun Nahar, Special Envoy of Prime Minister for Environment & Climate Change and Chairman of Parliamentary Standing Committee on Ministry of Environment, Forest and Climate Change Saber Hossain Chowdhury, Secretary of the Ministry Dr Farhina Ahmed, Additional Secretary (Climate Change) Sanjay Kumar Bhowmik and Ambassador of Bangladesh to Abu Dhabi Md. Abu Zafar were also present among others.
