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COP27 must deliver on climate finance for Bangladesh
Source: The Business Standard
Date: 6 Nov 2022
Amid energy and food crises and rising inflation, driven partly by the Ukraine-Russia war, climate finance is a crucial topic at COP27. Vulnerable nations like Bangladesh, already facing catastrophic climate impacts, need this finance to build resilience. Bangladesh seeks to increase renewable energy’s contribution to its grid by up to 40% by 2041, but international support is vital due to fiscal burdens from fossil fuel reliance. Achieving this target may require over $1.5 billion annually until 2041. Bangladesh spends almost $2 billion annually on climate change adaptation, demonstrating the urgency for climate finance. IEEFA calls for increased commitments at COP27 for adaptation and mitigation.
COP27: $3.1 billion plan to achieve early warning systems for all by 2027
Source: UN News
Date: 7 Nov 2022
With climate-related disasters displacing more people than conflict, UN Secretary-General AntĆ³nio Guterres on Monday unveiled the details of his plan to ensure everyone on the planet is protected by early warning systems within the next five years. The Executive Action Plan for the Early Warnings for All initiative, calls for initial new targeted investments of $ 3.1 billion between 2023 and 2027, equivalent to a cost of just 50 cents per person per year.
Ranil Wickremesinghe proposes setting up International Climate Change University
Source: The Hindu
Date: 8 Nov 2022
Sri Lankan President Ranil Wickremesinghe on Tuesday proposed setting up an International Climate Change University in Sri Lanka, with an ancillary institution in the Maldives. As island nations, Sri Lanka and the Maldives are particularly vulnerable to the adverse impact of climate change, experts have repeatedly warned.
