ID :
11863
Tue, 07/08/2008 - 11:56
Auther :
Shortlink :
http://m.oananews.org//node/11863
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Main focus of climate change fund is adaptation, climate- induced risk reduction:
DHAKA. Bangladesh, JULY 8 (BSS)- Finance and Planning Adviser of Bangladesh caretaker government Dr Mirza AB Azizul Islam today said, the main focus of the just created Climate Change Fund under the national budget of current fiscal 2008-09 with an initial allocation of Taka 300 crore is addressing adaptation including climate-induced risks reduction across the country.
Dr Mirza Aziz was briefing the newsmen immediately after an inter-ministerial meeting chaired by him and attended by a number of advisers, special assistant and secretaries at the conferenceroom of the Finance Division here.
Food, Disaster Management and Health Adviser Dr AMM Shwakat Ali, Special Assistant to Chief Adviser for Environment and Forest and CHT Affairs Barrister Raja Devasish Roy, Finance Secretary Dr Mohammad Tareq, Environment Secretary AHM Rezaul Kabir, Local Government Secretary Khurshid Alam, Food and Disaster Secretary Mollah Wahiduzzaman, among others attended themeeting.
" Today, we have decided that it would be Climate Change Trust Fund and will be administered by a steering committee headed by Ministry of Environment and Forest and composed of all relevant ministries and agencies and representatives of civil society and professional bodies, and development partners and bilateral and multilateral agencies are can also support thisfund," he told the reporters responding to a number of questions.
The finance adviser said, development partners and bilateral and multi-lateral agencies can also support Bangladesh's climatechange action plan separately.
He pointed out that government is now preparing a strategydocument and action plan on climate change.
Under the initial fund of Taka 300 crore, maximum 66 per cent can be spent in different adaptation to climate change and vulnerability reduction programmes, the rest 34 per cent can be kept in fixed deposit or ICB as decided by the steeringcommittee, the finance adviser told questioner.
Multilateral lending agencies and bilateral development partners are expected to join the government's efforts to raise funds for adaptation as well as mitigation programmes to minimize the impacts of climate change since Bangladesh is exposed todangerous consequences of global warming and sea-level rise.
Maximum 66 per cent of the Climate Change Fund will be utilised in carrying out adaptation, mitigation and technology innovation activities including research, survey, awareness building, seminar and symposium, while a rolling fund will be created with the rest 34 per cent money allocated in the budgetfor 2008-09 fiscal, he said.
Dr Mirza Aziz was briefing the newsmen immediately after an inter-ministerial meeting chaired by him and attended by a number of advisers, special assistant and secretaries at the conferenceroom of the Finance Division here.
Food, Disaster Management and Health Adviser Dr AMM Shwakat Ali, Special Assistant to Chief Adviser for Environment and Forest and CHT Affairs Barrister Raja Devasish Roy, Finance Secretary Dr Mohammad Tareq, Environment Secretary AHM Rezaul Kabir, Local Government Secretary Khurshid Alam, Food and Disaster Secretary Mollah Wahiduzzaman, among others attended themeeting.
" Today, we have decided that it would be Climate Change Trust Fund and will be administered by a steering committee headed by Ministry of Environment and Forest and composed of all relevant ministries and agencies and representatives of civil society and professional bodies, and development partners and bilateral and multilateral agencies are can also support thisfund," he told the reporters responding to a number of questions.
The finance adviser said, development partners and bilateral and multi-lateral agencies can also support Bangladesh's climatechange action plan separately.
He pointed out that government is now preparing a strategydocument and action plan on climate change.
Under the initial fund of Taka 300 crore, maximum 66 per cent can be spent in different adaptation to climate change and vulnerability reduction programmes, the rest 34 per cent can be kept in fixed deposit or ICB as decided by the steeringcommittee, the finance adviser told questioner.
Multilateral lending agencies and bilateral development partners are expected to join the government's efforts to raise funds for adaptation as well as mitigation programmes to minimize the impacts of climate change since Bangladesh is exposed todangerous consequences of global warming and sea-level rise.
Maximum 66 per cent of the Climate Change Fund will be utilised in carrying out adaptation, mitigation and technology innovation activities including research, survey, awareness building, seminar and symposium, while a rolling fund will be created with the rest 34 per cent money allocated in the budgetfor 2008-09 fiscal, he said.
