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Extreme Climate Events: Bangladesh loses 2pc of GDP a year

PM says in write-up for Diplomat magazine

Prime Minister Sheikh Hasina has said Bangladesh loses two percent of its GDP to extreme climate events every year.

By the turn of the century, the figure will go up to 9 percent. By 2050, more than 17 percent of the country's coastlines will go under water displacing 30 million people, she wrote in the renowned magazine Diplomat in its April 2021 issue.

"Six million Bangladeshis have already become climate displaced. And yet we continue to bear the 1.1 million Rohingyas from Myanmar at the cost of environmental havoc in Cox's Bazar. Who will pay for this loss and damage?" the PM asked.

In the write up under the headline "Forging Dhaka-Glasgow CVF-COP26 Solidarity", Hasina said humans are consciously destroying the very support systems that are keeping us alive.

"What planet shall we leave for the Greta Thunbergs or those at the Bangladesh Coastal Youth Action Hubs? At COP26 we must not fail them," she said.

Hasina, president of the Climate Vulnerable Forum (CVF), said Bangladesh wants to see climate financing unleashed, not only towards low-carbon economy, but also for the promised $100 billion, and 50 percent dedicated to climate resilience-building.

"We want to see international carbon markets unlocked for transnational climate cooperation and solutions found to our profound loss, damage and climate injustice."

The PM said for Bangladesh, often referred to as the "ground zero" of natural disasters, climate change is a survival battle braved by millions of its resilient people whose homes, land and crops are lost to the recurring wrath of nature.

She said like Bangladesh, every CVF nation has an irreversible climate loss and damage story to tell. "But they contributed little to global emissions. It is time to address this climate injustice."

Hasina said Bangladesh has learnt to self-finance its climate projects. The government has thus created a $450 million Bangladesh Climate Change Trust Fund that supports nearly 800 adaptation and resilience projects in its vulnerable coasts.

"We are spending on an average 2.5 per cent of our GDP -- $5 billion each year -- on climate adaptation and resilience-building," she added.

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Extreme Climate Events: Bangladesh loses 2pc of GDP a year

PM says in write-up for Diplomat magazine

Prime Minister Sheikh Hasina has said Bangladesh loses two percent of its GDP to extreme climate events every year.

By the turn of the century, the figure will go up to 9 percent. By 2050, more than 17 percent of the country's coastlines will go under water displacing 30 million people, she wrote in the renowned magazine Diplomat in its April 2021 issue.

"Six million Bangladeshis have already become climate displaced. And yet we continue to bear the 1.1 million Rohingyas from Myanmar at the cost of environmental havoc in Cox's Bazar. Who will pay for this loss and damage?" the PM asked.

In the write up under the headline "Forging Dhaka-Glasgow CVF-COP26 Solidarity", Hasina said humans are consciously destroying the very support systems that are keeping us alive.

"What planet shall we leave for the Greta Thunbergs or those at the Bangladesh Coastal Youth Action Hubs? At COP26 we must not fail them," she said.

Hasina, president of the Climate Vulnerable Forum (CVF), said Bangladesh wants to see climate financing unleashed, not only towards low-carbon economy, but also for the promised $100 billion, and 50 percent dedicated to climate resilience-building.

"We want to see international carbon markets unlocked for transnational climate cooperation and solutions found to our profound loss, damage and climate injustice."

The PM said for Bangladesh, often referred to as the "ground zero" of natural disasters, climate change is a survival battle braved by millions of its resilient people whose homes, land and crops are lost to the recurring wrath of nature.

She said like Bangladesh, every CVF nation has an irreversible climate loss and damage story to tell. "But they contributed little to global emissions. It is time to address this climate injustice."

Hasina said Bangladesh has learnt to self-finance its climate projects. The government has thus created a $450 million Bangladesh Climate Change Trust Fund that supports nearly 800 adaptation and resilience projects in its vulnerable coasts.

"We are spending on an average 2.5 per cent of our GDP -- $5 billion each year -- on climate adaptation and resilience-building," she added.

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