The United Nations Development Programme has estimated that Bangladesh’s energy sector would need $26.6 billion additional investment in the next 20 years to cope with the adverse impacts of climate change. The investment and financial flows will be required to lower carbon footprints of the energy sector in Bangladesh as it expands its supply of energy up to 2030, a draft report prepared by UNDP global project on ‘Capacity Development for Policy Makers to Address Climate Change’ said. 

The report was revealed at a workshop on ‘Investment and financial flows assessments to address climate change in key sectors in Bangladesh’, jointly organised by the ministry of environment and forests, the UNDP and Forum of Environmental Journalists, Bangladesh on Wednesday.

Environment secretary Meshbah ul Alam said the government along with the donors would allocate $100 million this year to address climate change impacts.

‘UNDP will remain as a strong partner of Bangladesh in building climate adaptation and risk reductions and sustainable energy-led green growth,’ the UNDP resident representative Stefan Prisner told the workshop.

Investment and financial flows team leader for energy sector Iftekhar Hossain presented the assessment report at the workshop addressed, among others, by Bangladesh climate negotiating committee coordinator Dr QK Ahmad, joint secretary Dr Mohammad Nasiruddin, project coordinator Dr Rezaul Karim and team leader Quamrul Islam Chowdhury.

The discussants at the workshop emphasized on status of global negotiations from Bangladesh perspective. Source>>