Grant, not loan from green climate fund
Stating losses and damages caused by natural disasters, Bangladesh will demand grants, not loans, from Green Climate Fund (GCF) at Conference of Parties (COP)-21, the climate conference of the United Nations scheduled to begin in Paris from November 30.
The prime minister has approved this demand, said Environment and Forests Minister Anwar Hossain Manju yesterday, adding that the issue of climate migrants would be raised and compensation sought for rehabilitation. The minister's comment, coming at a press conference in the ministry on Bangladesh's position in COP-21, came after journalists cited Finance Minister AMA Muhit as saying that Bangladesh had no problem taking the loan.
GCF will be sought to be equally divided for adaptation and mitigation since at present more has been allotted for mitigation although countries like Bangladesh need more funds for adaptation, said Manju, adding, “We are hopeful that the Paris summit will be successful.” He said Bangladesh, like other least developed countries, would demand a legally binding agreement and common but differentiated responsibilities for developed countries to do more for carbon mitigation than developing and least developed ones.
Manju said they would also ask for measures to ensure that mean global temperature rises be kept under 1.5 degrees C from pre industrial levels. A 39-member Bangladesh delegation is going to COP-21.
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