Global climate change funds needs scaling up as pledged to enable countries like Bangladesh and the developing world to address the adverse impact of climate change caused by the advanced countries.
The remark from CPD Research Director Dr Fahmida Khatun came at the conference “ASEM – Asia and Europe Working Together,” organised by the EU-Asia Centre, on Tuesday, 16 September 2014, in Brussels, Belgium.
At the session on “Working Together for a Greener World,” Dr Khatun referred to the commitment of the global community at the fifteenth conference of the parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC) in Copenhagen in 2009 when countries committed to raise funds to help poor countries for adaptation.
Dr Khatun also mentioned that at the sixteenth COP in Cancun, countries committed to raise Green Climate Fund equivalent to $100 billion per year by 2020; however, such commitments are yet to be fulfilled.
She discussed that with the new targets for the post-2015 development agenda focusing for a sustainable and inclusive development, the issue of addressing climate change related challenges have received further importance. In order to achieve the new targets during the post-2015 period advanced countries should make their commitments a reality.
