Title: Examining the Contribution of the Green Climate Fund to Bangladesh Forest Conservation Within a Global Context
Stream: Humanities - Science, Environment and the Humanities
Presentation Type: Oral Presentation
Authors:
Mohammad Sayed Momen Majumdar, University of Tsukuba, Japan
Kenichi Matsui, University of Tsukuba, Japan
Abstract:
The concept of green climate finance has become an indispensable part of UN efforts for combating climate change impacts. As forests are important for both adaptation and mitigation purposes, it is imperative to understand how climate vulnerable countries can have an access to green climate finance for forest conservation purposes. A research gap still exists in analyzing the contribution of GCF to the forestry sector of Bangladesh within a global context. This paper, therefore, aims to fill this gap. In doing so, the data were collected from official GCF website. First, we collected the data about 162 country-specific ongoing and completed projects that were implemented in 137 countries from December 2016 to June 2023. Then, we analyzed forest conservation related data among different countries. Regarding the global review of GCF projects, we found that GCF played an important role in contributing 12% of the total cost that was US$ 51 billion. Least developed countries were prioritized. Among its eight strategic areas, forest conservation was not considered as priority, however. In Bangladesh, the private sector received 71% of finance in the form of loans whereas the public sector mainly received grant, but no projects was funded for forest conservation. Though Bangladesh was not considered to have full readiness for receiving and administering GCF mechanisms, it received seven readiness projects that amounted to US$ 5.1 million, which is the highest amount among South Asian countries. Under those pipelined projects, only one project aimed to support coastal forest conservation.
Conference Comments & Feedback
Place a comment using your LinkedIn profile[wplinkpress_comments]
Share this Presentation
