Climate experts joining this year’s COP27  from Bangladesh has said that they have asked the developed countries to double their funds to climate-vulnerable countries within 2025 under a new roadmap. Talking to UNB, experts said that they’ve demanded an increase in climate financing because the amount that was calculated earlier isn’t enough to meet the current challenges. “We’ve asked for a roadmap where it’ll be clearly stated that which country will provide how much funds to which sector. The developed countries have to reiterate their pledges to provide funds for adaptation to and mitigation of climate change,” said Ziaul Haque, a climate expert and a representative from Bangladesh to COP27. Ziaul added that climate vulnerable countries need USD 4 trillion to implement the Sustainable Development Goals (SDGs) and USD 7 trillion for putting the Paris Climate Agreement into practice. Read more: “We had enough of your promises and we need these words to be put into action now” “This is why we’ve urged the rich countries to ramp up their funding,” the expert added. Ziaul informed that discussions are being held to finalize the Global Goal on Adaptation laid out in the Paris Agreement at this year’s climate conference. “The Paris Agreement doesn’t explain what has been meant by global goals, what are their targets and how these goals will be met. Countries joining COP27 are giving serious efforts to shape up these goals. We hope that these goals will be made effective by COP28 to be held in Abu Dhabi in 2023,” Ziaul said. Mirza Shawkat Ali, another Bangladeshi representative to the conference, said that developed countries are toying with the idea of climate financing. “Rich countries are finding various excuses to avoid funding for climate change. They’re saying that their economies are in a crisis due to the Russia-Ukraine war and global economic slowdown. Although they had promised to provide funds in the Paris Agreement, in reality they haven’t released a single penny till now. This is the reason why climate vulnerable countries like us are very much vocal about climate financing this time,” said Shawkat. Aminul Islam, an observer from Bangladesh, said that US President Joe Biden’s statement doesn’t comply with the Paris Agreement. Read more: Honour COP26 commitments, double provisions for adaptation by 2025: PM Hasina writes “The United States is a big economy and a top carbon emitter. They should share the burden and provide their due funding. But Biden has said that the US will provide funds on an ad-hoc basis, which is against the pledges that his country had made in the Paris Agreement. The affected countries need USD 600 billion to adapt to Climate Change and the US should be the first country to share this amount,” said Aminul.

Foreign Minister Dr AK Abdul Momen has reiterated the need for global partnership to mobilize financing and technologies towards climate action and green transition. He was speaking at a panel discussion on tackling climate crisis during the "58th Munich Security Conference" that began in Germany on Friday.  The conference being held at the usual venue in Munich will continue till February 20. Speaking at the opening session of the conference Dr Momen wondered if the international commitment for climate financing could be affected due to geopolitical tensions, including Ukraine situation. The Foreign Minister is scheduled to visit Paris, France from Germany.  Read:Shimla dialogue: Dhaka reiterates firm commitment to ensuring regional peace The MSC 2022 remains true to its traditional formats but welcomed fewer guests and media representatives as well as smaller delegations to ensure the health and safety of its participants and the Munich public, according to the organizers. "Our world is in danger. Traditional certainties are crumbling, threats and vulnerabilities are multiplying, and the rules-based order is increasingly under attack.  The need for dialogue has never been greater,” said Wolfgang Ischinger, Chairman of Munich Security Conference. Dr Momen is scheduled to leave Munich for Paris on February 21 and attend "Ministerial Forum” for the cooperation in the Indo Pacific to be held there on February 22. The French government has invited a host of foreign ministers from across Asia, the Pacific and East Africa to its capital on February 22 for the meeting with their European counterparts and top European Union officials.   Read:Shimla dialogue: Dhaka reiterates firm commitment to ensuring regional peace Together with the High Representative, the French Presidency of the Council of the European Union will hold the Ministerial Forum, bringing together the Member States, the European Commission and Indo-Pacific partner countries. The forum will address specific challenges related to security and defence, and digital and connectivity issues in the context of the Global Gateway initiative to develop infrastructure worldwide, as well as global challenges such as global health, climate change, biodiversity and the protection of oceans.