Bangladesh is at the forefront of preparing agenda to address climate change and has made significant progress toward combating the natural disaster, observed International Monetary Fund (IMF). Pointing out Bangladesh's newly designed National Adaptation Plan (NAP) IMF Director for the Asia and Pacific Department (APD) Krishna Srinivasan recently said as estimated Bangladesh needs to invest about $230 billion between 2023 and 2050, in which there is significant potential for private sector investment across 113 adaptation interventions envisaged in the plan.
Bangladesh is recognised internationally for its cutting-edge achievements in addressing climate change. The country has been spending $2 billion a year since 2010 due to address climate change. However, despite the considerable progress that Bangladesh has made over the last decade, the country faces continuous challenges associated with climate change. Bangladesh is one of the nations that emits very little carbon, but it is likely to be among those that suffer most because of global warming. However, the country is not waiting to be rescued by others. It has taken several initiatives to facilitate climate-resilient development. But what is worrying is that because of the climate change impact, the country’s growth rate may lose its momentum in the coming days. This will hinder its development gains unless proper mitigation and effective prevention measures are undertaken immediately.
Developing countries
like Bangladesh
need a global commitment to face
climate
challenges
Bangladesh is one of the most vulnerable countries to climate change in the world. Human settlements have been affected in Bangladesh due to extreme climate events over past years. One of the most adverse and prolonged impact of climate change in Bangladesh has been observed in the form of climate migration. It is startling to note that global climate change may displace an estimated 20 million people of Bangladesh as 17 percent of coastal areas of the country may be submerged due to a gradual rise in seawater. Hence, we should realise the need for formulating coherent and research-backed policy, legal and institutional framework to address climate migration. We need to devise immediate measurers to protect people from environmental risks and stop unwanted migration due to climate change.
We need to devise immediate measurers to protect people from environmental risks and stop unwanted migration due to climate change. Also, there is a need to prioritise the districts vulnerable to climate change and establish a district-level funding mechanism focusing on capacity building of women, young people and children.
The world is now going through a situation where the most vulnerable countries, which deserve the highest level of priority, are failing to access support that is being realised. As developed countries are accountable for the severe consequences of climate change, they must provide with necessary financial, technological and intellectual support to the developing countries. Developing countries like Bangladesh need a global commitment to face climate challenges