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).

Despite demands from climate-change-affected countries, the issue of loss and damage has been contentious at the global forum.

More investment is needed in research work to understand the dynamics and impact of loss and damage in climate-vulnerable communities.

People living in climate-vulnerable areas urgently need government support

Prime Minister Sheikh Hasina has declared her intention to make Bangladesh graduate from being a Least Developed Country (LDC) within the next few years and the government has already formally notified the United Nations of this intent.

Over the last decade in Bangladesh, we have spent almost a billion US dollars on several hundred projects and activities to tackle climate change.

Unfortunately, so far, our performance on both transparency as well as accountability has not been very good. Fortunately, there is still time to improve this before the major climate change funds begin to flow.