They said it’s possible through implementation of policies maintaining global standards.
The speakers reiterated the need to monitor the implementation of projects at the root-level, along with ensuring participation from the community and experts along with involving members of the civil society to monitor the implementation process.
They made the observations at a Transparency International Bangladesh (TIB) organised daylong international dialogue held in the capital, said a press release.
Experts from Bhutan, Nepal, Australia, South Korea, Germany and Bangladesh participated in the ‘Dhaka Integrity Dialogue 3: Equity and Transparency in Green Climate Funding’ at the Bangabandhu International Conference Center (BICC).
Experts recommended improving the capacity of GCF to make a sustainable impact and better disbursement of the funds and called to ensure equitable representation from developing countries in the GCF Board to reap the benefits of the Paris Agreement.
Chief guest of the concluding session of the dialogue Environment Forest and Climate Change Minister, Barrister Anisul Islam Mahmud, said that the government has undertaken the climate issue with high importance.
He said that besides forming its own climate fund in parallel to GCF, it has been spending a considerable part of its national budget every year in climate adaptation and recently, climate adaptation was significantly included in the newly adopted Delta Plan 2100.
TIB Executive Director Dr. Iftekharuzzaman emphasized on the need of exerting pressure upon GCF to make access procedures user-friendly and practical, and develop a robust environmental and social safeguard policy and ensure wide dissemination among stakeholders.
He urged for collective efforts to enhance technical capacity of the affected countries, especially those in South Asia in writing proposals for the GCF and effective implementation of the approved projects.
Recognising that Bangladesh is one of the worst sufferers of climate vulnerabilities, the speakers suggested to integrate space technologies with the meteorological department, while stating the need for more research as data is needed for developing and designing projects, effective monitoring and implementation.
Since 2011, TIB has been playing pivotal role in research and advocacy on climate finance governance in Bangladesh for ensuring integrity, transparency, accountability and participation in all types of climate funds in Bangladesh.