Environment, Forests and Climate Change Minister Mr. Shahabuddin said that Bangladesh played a strong and effective role on behalf of the countries most vulnerable to climate change at the recently concluded United Nations Climate Conference in Sharm El Sheikh, Egypt or COP27.
Bangladesh has strongly called for significant progress in the negotiations on the “New Quantified Collective Climate Finance Goal” to secure USD 100 billion per year by 2025 and secure long-term climate finance.
The Environment Minister told them while addressing a workshop on ’27th World Climate Conference (COP 27): Expectations and Achievements and Future Action Plan’ at the Department of Environment auditorium as the chief guest on Tuesday.
The minister said developed countries were asked to double adaptation funding to developing countries by 2025.
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Shahabuddin said the 197 member states of the UNFCCC reached consensus on important issues, including the adoption of the “Sharm Al Sheikh Implementation Plan” on the morning of November 20 after long discussions.
The environment minister said the conference decided to create a new fund to address “loss and damage” in the most vulnerable developing countries.
A “Transitional Committee” was established for COP-28 to “operationalise” the fund and determine its “detailed arrangements”.
The Minister also said that a decision has been taken to finalize the “Loss and Damages” at the conference, decide its host and form an advisory committee. Countries have agreed to take action on the “Global Adaptation Goals”.
He said $230 million had been pledged to the “Adaptation Fund.” Funding has been given importance for the implementation of the NAP.
In addition, UN Secretary-General Antonio Guterres announced a $3.1 billion plan over the next five years to protect everyone on earth through early warning systems.
The Environment Minister said the “Sharm El Sheikh Implementation Plan” has been accepted with congratulations by all countries of the world, including the decision to form a new fund to address “loss and damage” in more vulnerable developing countries like Bangladesh , but its successful implementation will depend on its correct implementation.
Read more: COP27: Rich countries still unable to agree on financing loss and damage for vulnerable nations
With Dr. Farhina Ahmed, Secretary of the Ministry of Environment, in the chair of the program, the Deputy Minister for Forests and Climate Change Habibun Nahar and the Chairman of the Standing Committee on Environment, Forests and Climate Change Saber Hossain Chowdhury spoke among others. as special guests.