Democratization and other needs in climate finance for adaptation capacity - News Summed Up

Democratization and other needs in climate finance for adaptation capacity


The adaptive capacity has been made improved by the scenario of high climate change uncertainty. In Bangladesh, the financing of adaptive capacity to climate change gets established institutionally and starts implementation work on the ground (Eakin, 2006). Adaptation Fund under the Kyoto Protocol (KPAF), Amazon Fund, Environmental Transformation Fund (ETF), Global Environmental Facility (GEF) Trust Fund, Global Climate Change Alliance (GCCA), Hatoyama Initiative, International Climate Initiative (ICI), Least Developed Countries Fund (LDCF), Special Climate Change Fund (SCCF), Strategic Climate Fund (SCF) are some of the sources of available climate fund in Bangladesh focusing on adaptation arena (Chowdhury, 2012). There is no overall capacity development plan, so donor support is often very narrowly focused on project-based, fragmented capacity development initiatives with little impact on overall capacity development (Chowdhury, 2012; Hedger, 2011). Local needs should be prioritized when acquiring funding for adaptation projects – and the monitoring for this needs to be done both from the donor and the recipient.


Source: Dhaka Tribune July 13, 2021 10:18 UTC



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