Tuesday 14 March 2023

UK and Bangladesh sign Climate Accord

UK and Bangladesh sign Climate Accord

Bangladesh and the UK have pledged to cooperate on tackling climate change.

Despite the action taken by all countries at COP26 and COP27, both governments have stated that the devastating impact of climate change is still felt worldwide, underscoring the need for immediate efforts to put pledges into action.

The two nations have reaffirmed their commitment to the Paris Agreement and will submit improved targets for reducing emissions.

Both nations will work together to accelerate adaptation locally, nationally and globally.

The UK government recognises Bangladesh’s position as a climate vulnerable country facing multiple impacts, including sea level rise, heat stress, drought and devastating natural disasters often causing displacement on a large scale.

The two nations have pledged to work in support of collaborative global coalitions, including the Resilience and Adaptation Coalition and the Adaptation Action Coalition.

Both will also establish new funding arrangements to respond to loss and damage from climate change – encouraging all global stakeholders to play their part in collectively meeting the $100 billion (£82bn) a year target.

They have also agreed to ensure banks and finance institutions contribute to delivering climate finance goals and support a green, inclusive and resilient recovery from COVID-19.

The UK has doubled its international climate finance to £11.6 billion between 2021-2025, while Bangladesh has set up the domestically resourced Bangladesh Climate Change Trust Fund; financing nationwide adaptation and mitigation climate action projects.

The Accord was signed by Shahriar Alam from the Bangladeshi Government and Anne-Marie Trevelyan, Minister of State for the Foreign, Commonwealth and Development Office of the UK.

Written by

Bruna Pinhoni

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