Current Event On Bangladesh

 

Bangladesh is currently focusing on climate finance discussions as it participates in COP29 in Baku, Azerbaijan, with calls for stronger support to combat its rising climate debt. As one of the countries most vulnerable to climate change impacts like cyclones, floods, and sea-level rise, Bangladesh's per capita climate debt has reached $80. The government is urging wealthier nations to fulfill their previous pledges of $100 billion annually in climate aid, a target that remains unmet. 

Bangladesh has already taken on $12.78 billion in debt for climate projects since 2009 but received only $268 million in grants, prompting calls for a finance model that prioritizes grants over loans to avoid further debt burdens. Chief Adviser Muhammad Yunus will represent Bangladesh's stance at COP29, advocating for immediate activation of a loss and damage fund, as well as commitments from wealthier nations to limit global warming to 1.5°C, a critical target for climate-vulnerable countries.....Read more