At the United Nations Climate Change Conference (COP29), experts at a side event titled "Accelerating Finance for Just Transition in Bangladesh: Insights from COP29" called for global cooperation to support Bangladesh's climate-focused just transition efforts. Jointly organized by OSHE Foundation, YouthNet Global, and Friedrich-Ebert-Stiftung (FES) Bangladesh, the event took place at the Bangladesh Pavilion on November 14.
According to the speakers, approximately $11.63 billion is needed between 2023 and 2050 to fund transition activities aligned with the National Adaptation Plan (NAP) by 2030. These efforts aim to establish climate-resilient jobs for an estimated 4.1 million individuals, ensuring that Bangladesh's workforce is prepared for a sustainable future.
Aminur Rashid Chowdhury Ripon, Executive Director of OSHE Foundation, chaired the session. Distinguished guests included Dr. Farhina Ahmed, Secretary of Bangladesh’s Ministry of Environment, Forests, and Climate Change; Mustafa Kamal, Head of the International Labour Organization's (ILO) Just Transition Division; and Mandavi Kulsrestha, Senior Program Advisor at FES, Germany.
During the event, Dr. S.M. Morshed, Vice Chairperson of OSHE Foundation, underscored Bangladesh's commitment to achieving 100% LEED certification for strategic export industries by 2030. Dr. Morshed explained that an estimated $11.63 billion would be required solely to support labor-focused just transition activities and future industry advancements, stressing that achieving this vision will depend heavily on international collaboration.
Aminur Rashid Chowdhury Ripon emphasized the importance of substantial financing to create sustainable, high-quality jobs that support climate adaptation. He called for funding to support workforce development, alternative livelihoods, and social protection initiatives for workers, as well as national-level dialogues with trade unions to facilitate a smooth transition.
Sohanur Rahman, Executive Coordinator of YouthNet Global, highlighted the role of youth in these efforts, stating, "To achieve a just transition, youth engagement is essential. Young people bring innovation, energy, and commitment, which can drive our adaptation efforts to ensure a fair and resilient transition."
The event convened around 40 representatives from government, development partners, trade unions, and civil society organizations, all of whom underscored the necessity of international support and financial backing for Bangladesh's climate goals.