Developed nations put conditions for climate fund: TIB

Staff Correspondent | Published: 00:20, Nov 29,2019

 
 

Transparency International Bangladesh executive director Iftekharuzzaman addresses a press conference on ‘green climate fund’ in its office in Dhaka on Thursday. — New Age photo

Transparency International Bangladesh on Thursday said developed countries were putting new conditions to release Green Climate Fund but remain indifferent to gather yearly $100 billion fund for climate change victim countries including Bangladesh under the Paris agreement.

At a press conference at its office in Dhaka the anti-graft watchdog also called for maintaining transparency in fight against climate change effects.

The developed countries are not releasing funds allocated for victim countries but putting new conditions over the climate fund, said Iftekharuzzaman, executive director of the organisation.

Under Paris Agreement, developed industrial countries made commitment to raise a fund of $100 billion yearly from 2020.

He said the polluter countries rather seen indifferent over the collection of fund as the most polluting country United States already left the agreement.

‘Green Climate Fund is a compensation but the polluter countries are making it loan which is unexpected,’ he said.

The organisation’s statistics showed 41 per cent of total allocation was loan, 45 per cent grant and 14 per cent under miscellaneous heads.

The organisation said Bangladesh so fat got allocation for $85 million which was only 0.07 per cent of its $2.5 billion requirement.

He also said some profit-making international organisations, already convicted of corruption, were appointed to spend the money.

The press conference was arranged ahead of the 2019 United Nations Framework Convention on Climate Change to be held in Paris on December 2.

The organisation suggested the government not to establish coal-fired power plants anymore which would identify the country as polluter country from one of the most pollution victim countries.

‘Bangladesh cannot set coal-based power plants after signing Paris agreement,’ said Iftekharuzzaman.

He suggested the government to find out sources of renewable energy and to shut down Rampal, Taltali and Kalapara coal-based power plants which would harm country’s environment harder than the global sicenario.

The organisation’s senior programme manager (climate finance governance) M Zakir Hossain Khan, programme manager Mahfuzul Haque, among others, also spoke.

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