Climate Change Mitigation Finance and Project Implementation in Bangladesh: Governance Challenges and Way Forwards

Published: 04 November 2020

The United Nations Framework Convention on Climate Change (UNFCCC) was establish to address the climate change globally. Under the UNFCCC, several Agreements were adopted in different Conferences of Parties (COP). To reduce the global greenhouse gas emissions though several Agreements  were signed by the developed countries (but those have been observed ineffective to curb the global carbon emission drastically. Finally,the Paris Climate Agreement in 2016 set the target through the consensus of 196 countries to reduce global warming below 2 degrees Celsius compared to the pre-industrial era and to limit it to 1.5 degrees in phases. The Paris Agreement was signed. It also recognized the Copenhagen Accord's decision to mobilize 100 billion us dollars annually as ‘New’ and ‘Additional’ to ODA by 2020. The implementation of this funding commitment and the provision and management of the Green Climate Fund have been taken up with the subsequent Sustainable Development Goals on Climate Change (SDG 13). In addition, SDG Target 13.2 emphasizes the implementation of national policies, strategies and activities related to mitigation, and Target 13.3 emphasizes mitigation awareness and capacity building on mitigation and adaptation.

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Climate Finance Governance Reports