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Green Climate Fund

Taking the lead on green growth

Suvojit Chattopadhyay's picture

Bangladesh has what it takes to influence this global movement

Manik, a solar pump operator for Nusra works near the solar panels in Rohertek, Bangladesh
Solar panels in Rohertek, Bangladesh, Oct 2016

Bangladesh has made remarkable progress over the past two decades, lifting millions out of poverty and sustaining expanding levels of economic growth.

It has achieved this in spite of major internal and external challenges — global economic downturns, natural disasters, and periods of political uncertainty that have tested the resolve of the Bangladesh economy.

In spite of this and efforts in climate change adaptation, Bangladesh still remains one of the most vulnerable countries to climate change according to the Global Climate Risk Index 2015.

This crisis has sparked an urgent response from the government. The government of Bangladesh is a leader amongst Less Developed Countries (LDCs) in enacting policies to tackle the risks emerging from climate change, as well as in negotiating on behalf of other vulnerable countries to finance both climate change adaptation and mitigation activities.

Bangladesh played a leading role in helping set up the global Green Climate Fund (GCF) with an ambitious agenda to mobilise $100 billion per year from rich countries by 2020 to finance climate change initiatives in developing countries.

Domestically, much more remains to be done towards climate change mitigation. There are multiple sector-specific and cross-cutting policies in place. However, a comprehensive set strategy in support of green growth is yet to be formulated.