Dhaka:Prime Minister Tarique Rahman has called upon the international community to undertake five urgent measures to assist climate-vulnerable countries, emphasizing the need for grants over loans. He made these remarks during the High-Level Segment of the UN Climate Change Conference (COP31).
According to Bangladesh Sangbad Sangstha, Rahman outlined the five critical actions needed allocating at least 50 percent of international climate finance to adaptation, introducing debt-relief measures, ensuring access to climate-friendly technologies, accelerating the shift to renewable energy, and adopting a just transition mechanism. He stressed that while Bangladesh contributes less than 0.5 percent to global greenhouse gas emissions, it remains at the forefront of climate change challenges.
Despite these adversities, Bangladesh is committed to pursuing a climate-resilient and sustainable economy. This commitment is reflected in plans to meet 20 percent of its electricity needs from renewable sources by 2030 and the development of 4,000 megawatts of solar power capacity. The country is also promoting green industries and aims to plant 250 million trees in the next five years.
Rahman highlighted ongoing efforts to conserve water, reduce flood risks, and recharge groundwater through the excavation of rivers and canals. Additionally, mangrove forests are being restored to enhance climate resilience. He criticized the global climate finance system for not adequately addressing the needs of developing countries and reiterated the call for grants rather than loans.
The Prime Minister expressed hope for COP31 to yield significant outcomes for vulnerable nations and emphasized the importance of involving women and youth in climate action to maintain the 1.5-degree Celsius temperature goal. He concluded by urging global solidarity for a sustainable future, thanking Turkey for hosting the conference and Australia for leading negotiations.