Private banks and financial institutions in Bangladesh requested CDKN’s support to build their capacity and understanding of climate finance mechanisms. Will Bugler and Yousuf Mahid say Bangladesh could lead the world by showing how to engage the private sector effectively and ensure that businesses are squarely involved in the country’s adaptation process. [more...]
Bangladesh has a total population of 163 million, making it the eighth most populous country in the world. It is extremely poor, with about 30% of the population living on less than a dollar a day. In real terms Bangladesh's economy has grown at 5.8% per year since 1996, despite political instability and slow implementation of economic reforms. Approximately 45% of Bangladeshis are employed in the agriculture sector, with rice as the single most important product. This means livelihoods are highly dependent on the availability of natural resources and favourable climatic conditions for cultivation.
Maplecroft’s index (2012) ranks Bangladesh as the second most vulnerable country in the world to climate change. Its vulnerability is increasing as a result of population growth and the increased frequency and severity of extreme weather events. It is absolutely critical to integrate climate change into development planning, increase its capacity to cope with disaster risk and set up the right institutions to access international finance.
As one of the most climate vulnerable countries in the world, the Government of Bangladesh recognises climate change as both a serious environmental and development issue. It has put in place a Bangladesh Climate Change Strategy and Action Plan (BCCSAP) and was the first country to set up its own Climate Change Trust Fund supported through domestic resources. The challenge now is to translate policies into concrete plans and interventions which can mainstream CCD across sectors and planning processes for the benefit of vulnerable people. CDKN is providing technical and research support to the Government to help with this process.
CDKN is actively contributing to developing an enabling environment for implementation of the national strategic framework to tackle climate change by developing a vibrant stakeholder constituency beyond government ministries. CDKN is engaging with academia, NGOs and other research organisations in an attempt to built wider capacity for action on climate change issues.
Direct support by CDKN to increase technical capacity has supported Bangladesh to take regional/international leadership on the newly emerging concept of loss and damage, Local researchers and experts have providedan improved understanding of a technically complex issue and its national relevance through the development of knowledge products specifically focused on evidence of loss and damage and possibilities for addressing it in Bangladesh.
Support to the design of a community-based participatory monitoring and evaluation framework for local level adaptation interventions has allowed practitioners to demonstrate the impacts of funding, monitor and share lessons with others on how to increase resilience within a recognised framework.
Additionally, to facilitate improved support for vulnerable people affected by climate shocks, CDKN is strengthening the ability of the government to better understand, plan for and respond to climate-induced migration. Increasing government capacity to quantify migration and understand it as a coping strategy to climate change will support the integration of these issues into development policy and planning.