Bangladesh has called upon the developed countries -- responsible for the highest rates of global carbon emissions -- to pay compensation to the poorer nations for the losses and damages incurred through climate change. In an interview with ITV News, Foreign Minister Dr AK Abdul Momen said it is fair and just for these bigger countries to pay compensation because they are the ones that abuse the resources and spoil planet Earth. The G20, which is made up of most of the world’s largest economies, accounts for more than 80% of global carbon emissions. Meanwhile, developing countries like Bangladesh often emit the lowest amounts of global emissions but are forced to endure the disproportionate wrath of climate change. Bangladesh is only responsible for 0.4% of the planet’s total carbon discharge yet loses around 2% of its GDP yearly to extreme climate events, says the ITV News. Six million Bangladeshis have so far got displaced as a consequence of climate change and by 2050, the country fears 17% of its coastline will vanish underwater creating 30 million climate refugees. “This is an existential problem for Bangladesh,” Momen said, adding that the climate change issue is not a national issue, not a regional issue, it is a global issue. "We all have to work together in collaboration and partnership to save this planet." Read: Bangladesh to be voice of climate vulnerable countries: FM