Bangladesh’s four points submission at COP28 highlighting the finance

Mehedi Al Amin from Dubai, UAE

Bangladesh submitted four points demands to in the ministerial level negotiation at COP28 including the mobilization of the full amount of money committed by the developed nations to tackle the climate crisis.  

Environment, Forest and Climate Change minister Md Shahab Uddin submitted his country’s position in his statement on December 9 at Dubai.

In his four points submission, he urged the global community to keep the 1.5C goal alive, an increased ambition in first global stocktake, mobilize $100 billion in climate finance each year from 2020 to 2025 as promised by the developed countries, and the mobilization of climate finance from the public sources.

“Recently published scientific reports show that we are heading in the wrong direction. The ambition of emission reduction pledges for 2030 need to be seven times higher to keep the 1.5-degree goal of the Paris Agreement, the minister said.

“We must keep the 1.5-degree goal alive for our survival. Even a temporary overshoot of the 1.5 0C threshold leads to additional permanent losses, beyond adaptation limits. We need concrete political commitments by the major emitters for addressing the emission gap.

“The first Global Stocktake must deliver increased ambition and actions in line with the 1.5-degree goal, with concrete milestones to assess progress against outcomes, " he said.

He said, “Mobilize enough financial resources, preferably from public sources to the most vulnerable developing countries – LDCs and SIDS - to support the implementation of their National Adaptation Plan (NAP) and Nationally Determined Contributions (NDCs). Developed countries must deliver on the COP 26 call to double adaptation finance by 2025 from 2019 level.  

And in the last point of his four points submission Shahab Uddin Said, “Developed countries must deliver USD 100 billion per year as per their historic commitment. The post 2025 finance under the New Collective Quantified Goals on Climate Finance must be significantly higher than the current commitment considering the increasing needs of the most vulnerable and with a clear roadmap for realization.

He urged the global community to implement the decisions of the Paris Agreement to fight against the extreme threats of Climate Change and make the world a safer and better place for our future generation, together.