September 19, 2021, 5:04 pm
Staff Correspondent: The Minister for Environment, Forest and Climate Change Md. Shahab Uddin said Mujib Climate Prosperity Plan (MCPP), formulated and named after the Father of the Nation Bangabandhu Sheikh Mujibur Rahman commemorating his birth centenary, will enable to attain prosperity by weathering climate vulnerability through resilience and green development. The MCPP is an ambitious agenda for action taken under the leadership of Prime Minister Sheikh Hasina, who is a strong proponent of climate actions vis-a-vis technical and financial support for adaptation, resilience, low-carbon pathways, and loss and damage. We put forward this plan to respond to the growing needs of economies highly vulnerable to climate change.
The Environment Minister said this this evening while presenting “the Mujib Climate Prosperity Plan” in the planetary recovery and prosperity session of the V20 Ministerial Dialogue VII in the 1st Climate Vulnerables Finance Summit inaugurated by the honorable Prime Minister and CVF Chair Sheikh Hasina. Finance Ministers of the V20, Ministers and representatives from the G7 and G20 countries, Heads of International Financial Institutions, Multilateral Development Banks and partners were present in occasion.
The Minister said the initiatives taken by the Honorable Prime Minister Sheikh Hasina, as the Chair of the Climate Vulnerable Forum (CVF) Presidency, has played a crucial role in tackling the impacts of climate change which is being lauded nationally and across various global platforms. We also wish to indicate that members of the V20 can develop investor facing Climate Prosperity Plans with support from our CVF & V20 Joint Multi-Donor Fund.
The Minister said, the plan set out here today, ensures that the climate-related risks and opportunities are fully understood and reflected in the decisions that public and private actors make. We have charted ways to improve policy and investment decisions and how we implement solutions. Most importantly, we show how domestic and international partners can together mobilize new funds and resources necessary to accelerate resilience and prosperity outcomes for our economy and our people.
Shahab Uddin said Climate change has ushered in an era of multiple, intersecting systemic shocks, which demand equally effective and coordinated solutions. The intergenerational and international market failure associated with climate change warrants collective action. We thus look forward to working with the major economies and partners to ensure investment for realizing our shared vision from climate vulnerability to maximal resilience and prosperity.