Transparency International Bangladesh (TIB) has found that most climate change
The rights and anti-corruption watchdog made the observation unveiling the “Assessing Synergy between Climate and Development Projects” study at its headquarters in Dhaka on Wednesday.
The study revealed that of the Annual Development Program (ADP) project activities, 50% were found to be climate-change related, and the other 50%
Climate-related projects are adopted to tackle the adverse effects of climate change through mitigation and adaptation project funding from the Bangladesh Climate Change Trust Fund (BCCTF). Some of these projects are mitigation focused, some are adaptation related, and some are a combination of the two.
In adaptation type projects of BCCTF, only 17% were found to be entirely focused on adaptation to climate change, and only 25% of mitigation projects were directly mitigation related. 8% of BCCTF projects were related to both mitigation and adaptation aspects of addressing climate change. The remaining 50% of project activities were focused on development rather than dealing with climate change.
He also emphasized that for
Dr. Iftekharuzzaman, executive director of TIB, said there was only a meager flow of funds to vulnerable developing countries from the developed world and urged the development of
The study identified that so far, the Global Climate Fund has been able to get from rich countries a $30.4 billion US dollar pledge only, while actual deposits to the fund remain at $26.1 billion US dollars.
Of this, $19.3 billion US dollars have been approved for various projects, but real disbursement stands at only $6.8 billion US dollars.
Of all climate fund approved projects, nearly 77% are allocated to Non-Least Developed Countries (LDC) countries, which is actually about 79% of total disbursed funds.
The share of climate funding allocated to LDC countries is only 23% of the total pledged amount, of which more than 60% is for low-income LDCs. Non-LDC countries received most of their commitments from multi-country, regional, and global donors.
A field-based survey of project stakeholders was conducted at 31 project sites in the four coastal districts of Barguna, Bhola, Cox’s Bazar, and Satkhira. A total of 390 responses to the survey questionnaire were collected from stakeholders in 17 BCCTF and 14 ADP projects.