POBNEWS24, Dhaka, Nov 22, 2022 : Countries affected by climate change have been agitating for 30 years to demand compensation. As the climate conference (COP27) that ended last Sunday in Egypt, the benefits of Bangladesh will increase as the affected country. Especially after the disaster, the assistance of Bangladesh through international aid organizations and programs will increase. In addition to this, Bangladesh’s income from existing funds will increase.
According to the climate conference sources, the loss and damage fund has been formed in this year’s climate conference. A Transitional Technical Committee has already been constituted for the management and operation of this fund. This committee will basically start working on the process of formation of governing body, collection of funds and clearance.
The new and additional fund will finalize the way it can play an effective role for affected countries. The activities of the new fund may be determined at the 2023 climate conference.
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Several funds and programs are currently underway to address climate risks. These include Green Climate Fund, Global Mitigation Work Program and several activities. Developed countries have pledged to release $100 billion by 2025 through the Green Climate Fund. There is an agreement to increase this amount from 2025 onwards.
The affected countries expected a final decision in this regard in this conference. But the non-declaration shows a major failure of the talks. The final decision will be made through further discussion on how much money will be raised in this fund and who will get this money and on what basis. A decision may be made in the next climate conference. Bangladesh’s income can also increase from this existing fund.
In this year’s climate conference, the representative of Bangladesh served as the ministerial spokesperson of LDC ministerial alliance of 46 countries of least developed countries (LDC). On the other hand, the role of LDC country coordinator of the Global Mitigation Work Program has been played by the director of Bangladesh Environment Directorate. Ziaul Haque.
Yesterday on the way back to the country from Cairo Kal Kantake Md. Ziaul Haque said, this time the developed world has unexpectedly agreed on the formation of the Loss and Damage Fund.
This new fund will be quite stronger than other funds. From this fund, Bangladesh will receive more money to deal with post-disaster losses. Apart from this, Bangladesh’s income from existing funds can increase. All in all, international funds and organizations will increase support for Bangladesh in dealing with climate damage and disaster management.
Countries affected by climate change and natural disasters have been demanding compensation since 1992. This demand was made from the Rio Conference held in Brazil that year. Through this, the demand of 30 years has been fulfilled. Actions have been taken to limit global temperature rise to 1.5 degrees. The developed world has pledged to reduce greenhouse carbon emissions by 43 percent compared to 2019. If it is not reduced at this rate, it will not be possible to reduce the temperature up to 1.5 degrees by 2030.
Climate experts say Bangladesh needs a voice role to get money from climate fund. In particular, the damage caused by climate change should be accurately and scientifically presented to the world. As a country affected by the effects of climate, Bangladesh could not take an important position internationally. Every year, Bangladesh is subjected to various natural disasters, most of which are due to climate change. In addition to loss of life, Bangladesh is facing various risks including loss of agriculture and increase in food insecurity, displacement, increase in financial loss.
Analyzing these damages and effects, Bangladesh should be among the top three countries affected by climate change in the long term. But the position of Bangladesh in the international index is not exactly reflected.
Bangladesh is ranked 7th out of 10 countries in the long-term climate risk index of German Watch. Puerto Rico is followed by Myanmar, Haiti, Philippines, Mozambique, Bahamas, Bangladesh, Pakistan, Thailand and Nepal.
If we review the data of the previous six countries of Bangladesh, it will be seen that the total population of these countries is equal to the population of a division of Bangladesh or in many cases less.
