Bangladesh to invest $80 billion to be climate resilient by 2030

[Black_cats]

Bangladesh to invest $80 billion to be climate resilient by 2030​

The Finance Minister said that the government aims to reduce carbon dioxide emissions by 6.73 percent by 2030 with the country's own financing and technological capabilities.

Bangladesh to invest $80 billion to be climate resilient by 2030

The Finance Minister said that the government aims to reduce carbon dioxide emissions by 6.73 percent by 2030 with the country's own financing and technological capabilities.

asianews.network

Mostafa Yousuf​

The Daily Star

Star file photo
June 10, 2022

DHAKA – The government is planning to invest $80 billion to shift the country from climate-vulnerable to a sustainable climate-resilient country under Mujib Climate Prosperity Plan (MCPP) by 2030, Finance Minister AHM Mustafa Kamal said yesterday while unveiling the national budget for the fiscal year 2022-2023.

In his budget speech, the minister termed the MCPP a strategic investment framework saying the investment being planned will be funded from both national and external sources.

During his speech, he informed the parliament about the government actions and plans taken for the conservation of the environment.

“Considering the immense importance of environmental protection, the government has made it mandatory to follow a pragmatic and inclusive environment-friendly plan in all development activities”, he said.

Referring to the NDC (Nationally Determined Contribution), a non-binding national target to reduce greenhouse gas emissions, the minister said that the government has updated the NDC, setting the target to reduce carbon dioxide emissions by 6.73 percent by 2030 with the country’s own financing and technological capabilities.

He said the country has a plan to reduce emissions by another 15.12 percent which is subjected to the availability of international funding and technical assistance.

Reaffirming Bangladesh’s commitment to phase out fossil fuel, he said the government has revised its decision on ten coal-based power plants scrapping four and replacing others with renewable energy or gas.

The government is also proceeding with the plan to produce 40 percent of energy from renewable sources by 2041, he added.

Upholding the government initiatives taken to conserve the overall environment, Mostafa Kamal said 35 new protected areas have been declared in the last 13 years. They include nine national parks, 18 wildlife sanctuaries, three eco-parks, one botanical garden, two marine protected areas, and two special biodiversity areas. Total protected areas in Bangladesh now stand at 51.

Syeda Rizwana Hasan, chief executive of Bangladesh Environmental Lawyers Association (BELA), told The Daily Star that the $80 billion fund will not be enough considering the challenges Bangladesh is facing. She also questioned how the fund will be allocated to different parts of the country.

“The question arises on which sectors government will invest in and how they will determine the priorities. Will the fund be allocated for sustainable dams in haor areas or will it go to Dakop of Satkhira?” she questioned.

Based on her past experiences, she added that the fund often doesn’t reach the people most affected by natural catastrophes.

 

[bluesky]

Bangladesh to invest $80 billion to be climate resilient by 2030​

The Finance Minister said that the government aims to reduce carbon dioxide emissions by 6.73 percent by 2030 with the country's own financing and technological capabilities.

Bangladesh to invest $80 billion to be climate resilient by 2030

The Finance Minister said that the government aims to reduce carbon dioxide emissions by 6.73 percent by 2030 with the country's own financing and technological capabilities.

asianews.network

Mostafa Yousuf​

The Daily Star

Star file photo
June 10, 2022

DHAKA – The government is planning to invest $80 billion to shift the country from climate-vulnerable to a sustainable climate-resilient country under Mujib Climate Prosperity Plan (MCPP) by 2030, Finance Minister AHM Mustafa Kamal said yesterday while unveiling the national budget for the fiscal year 2022-2023.

In his budget speech, the minister termed the MCPP a strategic investment framework saying the investment being planned will be funded from both national and external sources.

During his speech, he informed the parliament about the government actions and plans taken for the conservation of the environment.

“Considering the immense importance of environmental protection, the government has made it mandatory to follow a pragmatic and inclusive environment-friendly plan in all development activities”, he said.

Referring to the NDC (Nationally Determined Contribution), a non-binding national target to reduce greenhouse gas emissions, the minister said that the government has updated the NDC, setting the target to reduce carbon dioxide emissions by 6.73 percent by 2030 with the country’s own financing and technological capabilities.

He said the country has a plan to reduce emissions by another 15.12 percent which is subjected to the availability of international funding and technical assistance.

Reaffirming Bangladesh’s commitment to phase out fossil fuel, he said the government has revised its decision on ten coal-based power plants scrapping four and replacing others with renewable energy or gas.

The government is also proceeding with the plan to produce 40 percent of energy from renewable sources by 2041, he added.

Upholding the government initiatives taken to conserve the overall environment, Mostafa Kamal said 35 new protected areas have been declared in the last 13 years. They include nine national parks, 18 wildlife sanctuaries, three eco-parks, one botanical garden, two marine protected areas, and two special biodiversity areas. Total protected areas in Bangladesh now stand at 51.

Syeda Rizwana Hasan, chief executive of Bangladesh Environmental Lawyers Association (BELA), told The Daily Star that the $80 billion fund will not be enough considering the challenges Bangladesh is facing. She also questioned how the fund will be allocated to different parts of the country.

“The question arises on which sectors government will invest in and how they will determine the priorities. Will the fund be allocated for sustainable dams in haor areas or will it go to Dakop of Satkhira?” she questioned.

Based on her past experiences, she added that the fund often doesn’t reach the people most affected by natural catastrophes.

I went through this talk-only news without substances. I ask, exactly what kind of planning the GoB is thinking of to stop the adverse effects of the dwindling climate situation. No such news but it talks of an $80 billion expenditure. Yes, this is important. Now, various stakeholders will queue in line to get their due share.

A kind of Horir Loot as usual!

How about asking the brickfield owners to switch from carbon generating bricks to the use of cement concrete blocks in the construction. BD will soon become carbon free. Dhaka people’s lifespan will increase by ten years.

 

[fallstuff]

Those sand bags are part of $80 billion, it's a modest start.

 

[UKBengali]

This 80 billion US dollars will come from different sources like investments in solar, hydro, wind and sea defences in the south etc.

To put this in perspective it will be something like 10% of all government revenue between now and 2030.

 

[Skull and Bones]

Farming sector has much to lose from climate change. Maybe we should open a separate thread on smart and modern farming techniques to update ourselves on what’s happening in all over the world to mitigate climate change.

 

[bluesky]

This 80 billion US dollars will come from different sources like investments in solar, hydro, wind and sea defences in the south etc.

To put this in perspective it will be something like 10% of all government revenue between now and 2030.

Solar: Any other country would have asked its private companies to build factories to produce solar panels. But, BD loves to beg money and buys panels from the foreign countries.

Hydro: BD has almost no prospects for hydropower. Tell us the potential projects. I believe you just do not know about those places.

Wind: Wind has no prospect in BD. Perhaps, you are not aware of the low and unsteady wind speed even in the BD shores. Can you build a wind farm to tap wind power only during cyclones? The pylons will break down anyway.

Sea defenses: China and Holland have built very worthy beach/ riverbank protection dikes in BD. So, why do not you the armchair BD Sepoys leave your comfortable living rooms and go to these project sites, learn some technical matters and contribute?

The govt must make best uses of the country’s own manpower.

Your finfine skin will turn as dark as mine. But, your look will be more manly.

 

[Bilal9]

Farming sector has much to lose from climate change. Maybe we should open a separate thread on smart and modern farming techniques to update ourselves on what’s happening in all over the world to mitigate climate change.

Climate change will affect dry areas in India (don't know about Pakistan) where water scarcity (especially in North India near Thar desert and Haryana) will affect populations. Rainfall, landslides and flooding will take its tool in Eastern India and Bangladesh as well - but Bangladesh has arrows in its quiver.

Low-lying coastal regions, such as Bangladesh, are vulnerable to sea level rise, yet there are antidotes.

Even in submerged areas - rice and vegetables can be grown. Ducks can be raised for eggs and meat.

Bangladesh will do just fine when the climate changes....

Climate Change-Ready Rice Keeps Farmers' Fields Fertile

Climate change has made some soil in Bangladesh more salty, so many farmers have had to leave fields fallow. But what if there were rice varieties that could naturally tolerate the salty conditions?

www.npr.org