Bangladesh is stepping up efforts to mobilise global climate finance by strengthening climate literacy, developing investment-ready projects and expanding partnerships with international financial institutions, experts said at a high-level policy dialogue in Dhaka recently.
Participants stressed that climate finance should not be measured solely by the amount of money mobilised. Accessibility, transparency, accountability and the extent to which funds reach climate-vulnerable communities are equally important.
The dialogue, titled “Building Bangladesh as a Trillion-Dollar Climate-Resilient Economy: Accelerating Climate Finance Mobilisation Through Strategic and Investment-Ready Climate Project Designs,” was organised by the International Climate Finance Cell (ICFC) of the Economic Relations Division (ERD) under the Bangladesh Climate Development Partnership, with technical support from the Asian Development Bank (ADB).
Experts, policymakers, development partners, financial institutions, academics and private-sector representatives said limited understanding of climate science, financing mechanisms and project preparation remains a major barrier to accessing international climate funds.
Prime Minister’s Adviser on Finance and Planning Dr Rashed Al Mahmud Titumir called for stronger alignment between Bangladesh’s development strategies and global commitments, including the Paris Agreement and the Kunming-Montreal Global Biodiversity Framework.
