DHAKA, 01 November 2021, (TON): Prime minister and chair of the Climate Vulnerable Forum Sheikh Hasina stressed the need for increasing financing for survival of the most vulnerable countries from the adverse impact of climate change.

The prime minister said “according to the International Monetary Fund, between $6 trillion and $10 trillion needs to be invested over the next decade to green our economies. Yet most CVF members are least developed, low or at best middle-income developing nations. They need support through both funding and expertise to help devise adaptation strategies to counter the effects of climate change, which scientists warn are already locked in for centuries.”

In a jointly written article, by Sheikh Hasina and chief executive officer of the Global Centre on Adaptation Patrick Verkooijen, titled ‘More Funding is Critical for the Most Vulnerable to Survive Climate Change’ in the widely distributed and esteemed American weekly magazine ‘Newsweek’, they called for materialising the developed countries climate promises of $100 billion in annual funding to developing countries for their survival. 

They wrote “our climate emergency is global, yet it does not affect everyone equally. For the Climate Vulnerable Forum, a group of 48 countries spanning four continents, climate change is quite simply an existential threat. This is not hyperbole.”