Civil Society Organisations (CSOs) on Thursday recommended to the government to depend on its own plan to fight climatic impacts as the global pledge to provide a fund of $ 300 billion is inadequate. The global pledge of $ 300 billion is inadequate and will create competition among developing countries to get a share from the insufficient fund, they said at a press conference titled 'CoP 29 Outcome: Bangladesh should focus on self-depended climate planning' held at Dhaka Reporters' Unity.
In his keynote paper, COAST Foundation's Md Abul Hasan, said that the negotiation ignored the MVCs interest and demands especially removing gap between mitigation and adaptation financing, inclusion of non-economic losses under Loss and Damage Financing (LDF).
The agreement for providing $ 300 billion per year is far less than $1.3 trillion that was expected to meet the needs of the vulnerable countries due to a lack of specific modalities and framework that was demanded at CoP 29, he said.
Md Shamsuddoha of the Centre for Participatory Research and Development (CPRD) said that the CoP-29 totally ignored the 1.5-degree temperature goal for the transition from fossil fuel and shifting the responsibilities to the developing country moving away from the Paris Agreement.
The developed countries adopted neoliberal policies in climate financing process to dominate and exploit the developing countries, he said, adding "We must fight to change the colonial system and that should start from next Climate Conference for proper climate change funding."
Rezaul Karim Chowdhury of EquityBD, who moderated the event, described consultant and loan dependent country plans as dangerous.
Delta plan 2030 is one of the examples which is needed to be reviewed to be able to depend on domestic resources and knowledge, he said.