Climate finance refers to local, national or transnational financing drawn from public, private and alternative sources of financing. Climate finance is critical to addressing climate change because large-scale investments are required for adaptation and mitigation. Particularly, climate finance is important for adaptation, for which significant financial resources will be required for community and ecosystem based adaptation. Therefore, ensuring good governance is also equally essential for Financing Ecosystem based Adaptation (EbA) projects. To cope with the negative impact of climate change, Bangladesh has one of the most advanced adaptation plans in place with a vast amount of EbA-related opportunities. However, monitoring findings of TIB on community-based adaptation and EbA initiatives financed through the domestic Climate Fund in Bangladesh show thatbridging the gaps between the planning and implementationof project activities is often challenging. Pleaseclick herefor the...
Students from Royal Thimphu College, Tandin Bidha and Dilisha Subba, studying BCom Finance and BA English & Environmental Studies respectively, represented Bhutan at Transparency International Bangladesh’s first South Asian Debate Competition in Dhaka. Ms. Tshering Pemo, the Programme Leader of Business Department also took part in the event. Click here for full story
Young debaters of South Asian countries stressed on ensuring transparency, accountability and integrity in climate finance adaptation and called for just and equitable share of the climate finance to adapt to climate change and mitigate its adverse impact. They further urged the developed countries responsible or the climate change to provide compensation as promised in the global platforms. Click here for full story
Increased transparency, accountability and integrity are pre-requisites to ensure effectiveness in the implementation of adaptation and mitigation actions to fight climate change. As developed countries pledged to provide ‘new and additional’ finance to cope with adverse effect of climate change, the volume of climate finance is likely to increase for the use of developing countries which are at the receiving end of impact of climate change. On the other hand, countries that are adversely affected by global climate change also happen to be widely affected by governance deficit and corruption which may turn out to be a predicament against the expected level of climate funds to these countries. Click Here for full Concept Note
Climate change will likely have the most severe effects on developing countries like Bangladesh, whose citizens depend heavily on natural resources and systems for their basic livelihoods and as such, are most vulnerable to effects to climate change. Given these challenges, there is a clear need to adapt. Communities, many of which already face poverty challenges, will need to adjust their livelihoods, employ alternative technologies, and find new ways of managing scarce resources. Indeed, climate change adaptation has become an issue of human rights and justice in view of the daunting costs that the impacts of climate change pose for countries who have contributed least to the problem. Read more Link