September 27, 2022, 4:40 pm

Diplomatic correspondent

2021-11-11 14:04:43 BdST

UK announces £120m to cope with climate change in Bangladesh

The UK has announced to provide £120m to Bangladesh for five next years, from 2021 to 2027, to support climate action in Bangladesh.

COP President Alok Sharma announced on Tuesday (Nov 9) that UK will provide a fund of £165 million for tackling climate change, including by addressing the gender inequalities that make women and girls more vulnerable to climate change, and by empowering women and girls to be leaders in climate action.

“One of these new programmes is £120m for Bangladesh, from 2021 to 2027.  The programme will scale up locally-led adaptation, expand renewable energy, tackle pollution and waste, and develop and empower the next generation of climate leaders,” said the British High Commission on Wednesday (Nov 10).

“Gender and climate are profoundly intertwined. We see that in terms of the impact of climate change, which affects women and girls disproportionately. And we see it in terms of tackling climate change, where we know our efforts are more effective when women and girls are at their heart,” Alok Sharma said.

“We are committed to women’s participation at every level of climate action and to placing gender at the heart of all our efforts. It is why gender cuts across the full COP fortnight. And it is why we are hosting Gender Day today,” he added.

New UK funding will support women’s climate leadership and ensure the needs and priorities of women and girls are addressed, including through: £45 million to help empower local communities and grassroots women’s groups in Asia and the Pacific to challenge gender inequalities, and adapt to the impacts of climate change.

“£120 million to build resilience, prevent pollution, protect biodiversity, strengthen renewable energy and better manage waste, while also supporting women’s leadership, access to finance, education and skills in Bangladesh,” reads the British Hogh Commission statement.

This programme will help deliver a more climate resilient, less carbon intensive and cleaner Bangladesh.

“With a proposed budget of £120m, the programme will provide a comprehensive approach to the country’s adaptation, energy, environmental management and climate governance challenges.”

It will: Help communities cope with a variety of climate impacts through nature-based solutions; Increase the share of renewable energy in the country’s energy mix; Reduce pollution and the generation of hazardous waste from key industrial and municipal sources; and Deliver greater investment, evidence, and leadership for climate action.

As a low-lying country, Bangladesh is exposed to very high climate risks. According to the Global Risk Index , Bangladesh ranked as the seventh country most affected by extreme weather events from 1999 to 2018.

At the macro-level, the combined effects of climate change could result in a loss of between 1 and 2% of GDP per year by 2041 . 

The poorest and most marginalised are already suffering the most from these impacts, yet too often they lack access to the resources and power needed to implement solutions effectively.  This programme will help between 0.5m and 1m households, including households headed by women, better cope with the impacts of the climate crisis (flooding, drought, storm surges, etc.).

Bangladesh boasts two wetlands of international importance, which are also globally significant in terms of biodiversity and their contribution to climate change mitigation. This programme will help protect up to 9000km2 of biodiversity in these two areas (Sundarbans mangrove forest and Tanguar Haor wetland).

Greenhouse Gas (GHG) emissions from Bangladesh account for just 0.4% of global GHG emissions, with per capita emissions less than 10% of the world average . However, Bangladesh is on a rapid emissions growth trajectory, largely because of its plans for new coal fired power plants. 

The UK’s climate programme in Bangladesh will enable renewable energy to be scaled up so that, by 2027, between 10% and 30% of Bangladesh power generation could come from renewables (compared to 3% in 2021).

Despite good environmental legislation, Bangladesh suffers some of the worst pollution problems of the world, and this compounds climate impacts.  The UK programme will help reduce air and water pollution and improve recycling and waste management.

The programme will also strengthen the UK-Bangladesh climate partnership by linking up centres of excellence on all aspects of climate change, and sharing expertise, and technology as well as finance, to tackle common challenges.

Unauthorized use or reproduction of The Finance Today content for commercial purposes is strictly prohibited.

Popular Article from National