May 18, 2022, 4:08 pm

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One per cent of GDP is spent on climate finance

Economic Reporter:

Civil society has demanded an allocation of at least one percent of GDP each year to tackle climate change. He made the demand at a press conference titled ‘Priority of Life and Livelihood: Justice and Good Governance’ organized at Dhaka Reporters’ Unity on Thursday.

At the time, the speakers said, the management expenditure of the climate budget should be reduced and the expenditure in the development sector should be increased by at least 10 percent every year. Climate financing requires the imposition of a ‘green tax’ on the overuse of electricity, gas and water, the use of polluting vehicles, air travel and the transportation of goods by air. This money will have to be spent on tackling climate change. In line with the ‘Climate Fiscal Framework in Bangladesh’ introduced by the Ministry of Finance, a separate ‘Local (District Based) Climate Fiscal Framework’ needs to be developed for each department. Under the National Climate Commission, climate finance can be integrated with the annual development plan.

The press conference further said that although most of the climate projects adopted are designed for the people, in many cases they do not become ‘real people involved’. Therefore, climate projects need to ensure the allocation of funds according to the needs of the most vulnerable groups, especially women, the elderly and children, in the most affected areas, with special emphasis on ‘local impacts’ and setting ‘local priorities’. The speakers called for the immediate launch of special programs for climate refugees and suggested that steps be taken to create a legal framework for climate change mitigation.

Network on Climate Change, Bangladesh (NCCB) hosted the press conference. The keynote address was delivered by NCCB Project Manager Dr. Muhammad Farrukh Rahman. Kawsar Rahman, Senior Journalist and President of Climate Change Journalists Forum, Nikhil Chandra Bhadra, Senior Journalist and Coordinator of Sundarbans and Coastal Protection Movement and Mozammel Haque, Senior Officer of Save the Children were present as guests. The event was moderated by Mrs. Pratiti Kamal, Research and Advocacy Associate, NCCB.

In his introductory speech. Muhammad Farrukh Rahman said that coping with the Corona epidemic has made it more difficult to deal with the impact of climate change. Despite a strong national political commitment to climate change and a strong position of civil society to ensure climate justice, money is not being allocated on a priority basis for vulnerable populations. Even issues of their effective participation in climate activities remain unresolved. The government has to take a specific action plan in this regard.

BCCJF President Kawsar Rahman said the budget of the Ministry of Environment has been reduced in comparison to previous years. The efficiency of the budget expenditure of the Ministry of Environment has also decreased a lot. He called for taking steps to increase efficiency.

Development activist Mozammel Haque emphasized the need to increase priority projects for vulnerable groups, especially children and women, in the announced budget. He said the involvement of children, women and young people in the national adaptation plan should be increased. Need to formulate action plan to be followed.

Journalist Nikhil Chandra Bhadra said that the natural calamities actually affected the coastal areas. So if we do not work quickly on the neglected coastal areas, these hundreds of developments of the government will be drowned in the sea. This will disrupt public life with the financial loss of Bangladesh.

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