Bangladesh to get $30m for climate resilience

The Climate Investment Funds (CIF) has selected Bangladesh for up to $30 million in climate financing to strengthen coastal protection, restore mangrove forests and improve the resilience of climate-vulnerable communities.

The announcement was made on Thursday at a press conference at the Bangladesh Pavilion during the 31st UN Climate Change Conference (COP31) in Antalya, Türkiye.

Prime Minister's Special Assistant on Environment, Forest and Climate Change Dr Md Saimum Parvez, State Minister for Foreign Affairs Shama Obaid Islam and State Minister for Environment, Forest and Climate Change Sheikh Faridul Islam addressed the press conference.

The proposed funding is expected to support climate resilience in coastal areas, promote environmentally friendly agriculture, develop climate-resilient infrastructure and protect the livelihoods of vulnerable populations.

Dr Saimum Parvez briefed journalists on Bangladesh's climate financing strategy, including grant-based funding, concessional loans, blended finance, adaptation funds and loss and damage financing.

He also highlighted efforts to strengthen cooperation with international financial institutions, including the World Bank, Asian Development Bank (ADB) and Asian Infrastructure Investment Bank (AIIB). He said the government was advancing policy and technical preparations for Bangladesh's future participation in international carbon credit trading.

Shama Obaid Islam highlighted Bangladesh's climate diplomacy, saying the Foreign Ministry and Environment Ministry were working together to strengthen international cooperation and the country's engagement with development partners.

She also stressed closer ties with Global South countries and the need for a unified position in international climate negotiations.

Sheikh Faridul Islam outlined the government's priorities for tackling climate risks, promoting environmentally friendly development and building a sustainable, climate-resilient economy.

The discussion also highlighted international delegates' interest in environmentally friendly products displayed at the Bangladesh Pavilion.

Dr Saimum Parvez said Bangladesh wanted to emerge as a capable and innovative climate-resilient country rather than remain recognised solely as a victim of climate change.

“Climate justice, effective international cooperation and the implementation of pledged financing are among Bangladesh's main goals,” he said.