Bangladesh requires a p p r o x i m a t e l y $146.81 billion as total climate finance until 2050, while the total adaptation finance needs will be $86.04 billion. On the other hand, $60.77 billion will be required to address the total mitigation needs (2021-2030), says a new report explaining Bangladesh’s climate finance requirements.
the report titled, ‘Climate Finance Synthesis Report: Needs, Flows and Gaps in the HKH countries’, was released by the International Centre for Integrated Mountain Development (ICIMOD).
the Hindu Kush Himalaya (HKH) region faces escalating climate risks, including glacial melt, biodiversity loss, and extreme weather events, posing severe threats to ecosystems, livelihoods, and the well-being of billions dependent on its resources. Bangladesh has a substantial 59% funding gap, despite a high level of commitment, underscoring the significant need for increased disbursement rates, said the report.