As the impacts of climate change become more severe with deadly heatwaves, eroding coastlines, rising food prices, and increasing social and economic instability, affected countries, particularly poor ones, are getting concerned about having to slow their development while addressing climate change.

Global attention has currently turned to Belém, one of the gateways to the Brazilian Amazon, where the climate community has gathered for the 30th Conference of the Parties (COP 30) under the United Nations Framework Convention on Climate Change (UNFCCC).

From 2002 to 2023, Bangladesh secured only $1.41 billion in adaptation funds, less than 1 percent of its projected needs.

Adaptation is perceived as providing only local or national benefits.

Most of the recent discussions on climate change in Bangladesh have been focused solely on funding.

We have been witnessing a de-emphasis of public responsibility in the post-Paris years and a re-emphasis on financing by the private sector.

The COP30 presidency wishes to achieve some tangible outcomes.

The theme for this year is “Our Power, Our Planet.”

Developing countries, excluding China, will need $1 trillion a year by 2030 in outside help to reduce their carbon footprint and adapt to a warming planet, according to UN-commissioned experts.

Major polluters must help nations most vulnerable to climate change.

COP29 must secure fair climate finance for vulnerable nations

As global leaders gather in Baku, Azerbaijan to discuss finance at the 29th climate conference, the most vulnerable countries like Bangladesh are demanding new and additional climate finance that does not exacerbate climate debt.

The centrepiece of this year’s COP agenda is undoubtedly climate finance.

It is expected that the NCQG will establish a comprehensive definition of climate finance, promoting consistency and transparency in climate finance reporting.

At the UN negotiations, climate finance has come to refer to the difficulties the developing world faces getting the money it needs to prepare for global warming.

She alleges that the development paradigm still reflects the colonial framework of power relationships.

COP28 in Dubai highlights the pressing issues of climate justice and financing amid a worsening climate emergency.

Prime Minister yesterday said that the Climate Vulnerable Forum's repeated calls for an equal distribution of climate finance between adaptation and mitigation have received little response

Public financing from developed countries will never be sufficient.

Bangladesh has demanded that developed countries double their collective provision of adaptation finance by 2025, as was agreed at COP26 in Glasgow last year, and provide support to vulnerable countries to implement the National Adaptation Plan (NAP).