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[🇧🇩] Save the Rivers/Forests/Hills-----Save the Environment

[🇧🇩] Save the Rivers/Forests/Hills-----Save the Environment
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G Bangladesh Defense

Main points of the $300bn climate deal

The deal reached at UN climate talks in Azerbaijan ramps up the money that wealthy historic emitters will provide to help poorer nations transition to cleaner energy and adapt to global warming. Here are the main points of the agreement reached at COP29 in Baku:

$300 BILLION

Under a framework established by the UN in 1992, 23 developed countries -- and the European Union -- historically responsible for most planet-heating emissions are obliged to contribute to climate finance.

The Baku accord raises the amount of money that developed countries must provide to at least $300 billion per year by 2035. It is higher than the $100 billion that is currently required under a previous agreement that runs until next year.

But it falls well short of the $500 billion that some developing countries had demanded at the fraught negotiations in Baku.

The deal states that the money will come directly from a "wide variety of sources" including government budgets, private sector investment, and other financing.

CHINA ROLE

The United States and EU had pushed to broaden the donor base to include countries that are still listed as developing but have now become wealthy, such as China and Saudi Arabia.

But China, the world's second-biggest economy and top emitter of greenhouse gases, has steadfastly refused to change its status while recalling that it already provides bilateral aid.

SHARE OF MONEY

The negotiations were also the scene of disagreements within the developing world.

The Least Developed Countries bloc had asked that it receive $220 billion per year, while the Alliance of Small Island States wanted $39 billion -- demands that were opposed by other developing nations. The figures did not appear in the final deal. Instead, it calls for tripling other public funds they receive by 2030.

FOSSIL FALLOUT

Activists are worried that the promise to "transition away" from fossil fuels -- the main achievement of COP28 in Dubai -- disappeared from the final deal in Baku.

A text that was supposed to reinforce implementation of the landmark agreement was ultimately not adopted at the close of COP29, after a long battle that had already largely emptied it of its substance.​
 
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Adaptation to combat climate change
Musharraf Tansen 25 November, 2024, 00:00

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An aerial photograph shows flooded houses in Feni in August. | Agence France-Presse/Munir uz Zaman

COP29 in Baku, Azerbaijan, brought the world’s attention once again to strategies to address the climate crisis. While reducing emissions (mitigation) remains essential, it has become increasingly clear that even with significant global efforts, the consequences of climate change are here to stay. Rising sea levels, erratic weather patterns, and increasing natural disasters are now a reality, especially for climate-vulnerable nations like Bangladesh. This year’s discussions at COP29 underscore the importance of adaptation as an urgent, essential counterpart to mitigation. Bangladesh stands as a prime example of a country that must invest in adaptation to safeguard its communities, economy, and ecosystems.

Understanding adaptation

ADAPTATION in the context of climate action refers to adjusting our systems, infrastructure, and ways of life to endure and thrive amid climate impacts. While mitigation aims to reduce future risks by lowering greenhouse gases, adaptation accepts that certain consequences are already irreversible and require immediate action. Bangladesh, with its low-lying geography and high population density, is uniquely vulnerable to these impacts. Rising sea levels threaten to inundate vast areas of the country, cyclones regularly devastate coastal communities, and changing rainfall patterns disrupt agriculture. Adaptation, therefore, is not a secondary solution for Bangladesh; it is an existential necessity.

The 2020 Global Adaptation Report suggests that every dollar invested in adaptation could yield a fourfold return in avoided losses, improved productivity, and social and environmental benefits. For Bangladesh, this means that adaptation efforts are not just protective measures but pathways to sustainable development that could lift millions out of poverty and build resilience against future climate impacts.

Urgent need for adaptation in Bangladesh

BANGLADESH’S vulnerability to climate change is no longer theoretical. According to the Intergovernmental Panel on Climate Change, the world could surpass the critical 1.5°C warming threshold within the next decade if the current pace of emissions continues. For Bangladesh, which is ranked among the world’s most climate-vulnerable countries, this reality translates into immediate challenges. Rising sea levels threaten to displace millions, with coastal divisions like Khulna and Barisal already experiencing increased flooding. Riverine communities are at constant risk of erosion, and droughts and erratic monsoon patterns put agricultural productivity in jeopardy.

The agricultural sector, on which a significant portion of Bangladesh’s population depends, is particularly affected by unpredictable weather patterns and extreme temperatures. With over 70 per cent of Bangladeshis relying on agriculture for their livelihoods, adapting farming practices is crucial to ensure food security. Climate-resilient crop varieties, improved irrigation systems, and agroforestry are among the adaptation strategies that could help protect Bangladeshi farmers from these growing threats.

Key adaptation strategies for Bangladesh

Climate-resilient infrastructure:
Infrastructure that can withstand climate impacts is urgently needed across Bangladesh, especially in urban areas like Dhaka, Chattogram, and Khulna. Flood defences, storm-resistant homes, and drainage systems are essential in areas prone to flooding and cyclones. Bangladesh has already taken steps to develop flood-resistant infrastructure, but the scale and intensity of climate impacts demand even more robust planning and investment.

Enhanced water management: Bangladesh’s water challenges are multifaceted — coastal regions face saltwater intrusion from rising seas, while northern regions suffer from droughts. Rainwater harvesting, desalination, and improved water storage systems are critical for areas where fresh water is becoming scarce. By strengthening water management practices, Bangladesh can mitigate some of the worst impacts of climate change on water resources.

Resilient agriculture and food security: The adaptation of agriculture is essential for Bangladesh to feed its population in the face of climate change. Drought-tolerant and salt-resistant crop varieties are being introduced, but more support for climate-smart agriculture is necessary to ensure that small-scale farmers can maintain productivity even as conditions worsen. Additionally, initiatives to promote crop diversification and sustainable land management can help farmers reduce their vulnerability to climate-induced shocks.

Ecosystem restoration and protection: Natural ecosystems, including the Sunderbans mangrove forest, serve as crucial buffers against climate impacts such as storm surges and floods. The Sunderbans, shared with India, is a UNESCO World Heritage site and home to unique biodiversity, including the endangered Bengal tiger. Protecting and restoring ecosystems like the Sundarbans can provide significant climate resilience, as these natural barriers absorb floodwaters, prevent erosion, and act as carbon sinks.

Locally-led adaptation initiatives: Locally-led adaptation is essential in a diverse country like Bangladesh, where local knowledge can guide effective climate responses. Bangladesh’s coastal communities, for instance, have long relied on traditional knowledge to predict and respond to changes in weather patterns. By empowering communities to take an active role in climate adaptation — through education, skills training, and local governance — Bangladesh can tailor solutions to the unique challenges faced by different regions.

Financing adaptation

DESPITE the clear need for adaptation, financing remains a significant barrier. While international climate finance has historically prioritised mitigation, adaptation in vulnerable countries like Bangladesh continues to face severe funding gaps. COP29 discussions underscored the need for a fairer distribution of climate finance, with developed countries committing to greater support for adaptation in developing nations. In recent years, Bangladesh has advocated strongly for increased climate finance to support its adaptation efforts, yet the scale of funding remains insufficient given the risks the country faces.

The government of Bangladesh has made significant strides, such as setting up the Bangladesh Climate Change Trust Fund to support adaptation and resilience-building projects. However, private sector involvement is essential to bridge the financing gap. Partnerships with businesses and international organisations can drive investment into adaptation projects, from green bonds to public-private ventures in sustainable infrastructure. Additionally, the insurance sector can offer climate risk insurance tailored to the needs of farmers and small businesses, providing a financial safety net that incentivises adaptive practices.

Adaptation and sustainable development

FOR Bangladesh, adaptation is more than just a response to climate threats; it is an opportunity to pursue sustainable development. Many adaptation strategies align with the United Nations’ Sustainable Development Goals, including those related to poverty alleviation, food security, and clean water access. By investing in adaptation, Bangladesh can build a resilient society capable of withstanding environmental changes while simultaneously fostering economic and social growth.

For instance, green urban planning in cities like Dhaka, which integrates green spaces and sustainable transport, not only mitigates heatwaves and flooding but also reduces pollution, improves public health, and enhances overall quality of life. Adaptation offers co-benefits that go beyond climate resilience, setting the foundation for an inclusive and sustainable future for Bangladesh.

Global solidarity and responsibility

COP29 has reinforced that adaptation is not just a national issue for Bangladesh but a global necessity. Wealthier nations bear a responsibility to support countries like Bangladesh in building adaptive capacity. Investing in climate adaptation is not just the right thing to do but is also the economically smart thing to do. Wealthier nations must uphold their responsibility to support climate-vulnerable countries by delivering on pledges for adaptation finance. Adaptation, beyond merely building resilience, is essential for securing lives, food supplies, and stability amid a rapidly changing climate. Wealthy countries must share technology, mobilise financial resources, and transfer expertise to help vulnerable nations develop climate-resilient infrastructure and strategies. In addition, we should demand more direct funding for local adaptation initiatives, where climate impacts are most severely felt.

Moreover, the private sector, government agencies, NGOs, and local communities must collaborate to scale up adaptation efforts and ensure that no one is left behind. The climate crisis transcends borders; heatwaves, floods, and droughts in one region have global ripple effects on food security, migration, and health. Only by embracing adaptation as a universal priority can the world hope to navigate the climate challenges that lie ahead.

Balanced climate agenda for Bangladesh

THE realities of climate change demand that Bangladesh approach adaptation and mitigation hand in hand. While reducing emissions remains critical, preparing Bangladeshi communities to handle the impacts already underway is equally vital. COP discussions have highlighted that adaptation is not a fallback option but a cornerstone of a comprehensive climate response.

In a world where climate impacts are increasingly immediate, adaptation offers Bangladesh a path towards resilience, stability, and equity. Bangladesh has a unique opportunity to champion adaptation as a key component of climate action — one that protects its people, preserves its natural resources, and paves the way for a sustainable future for generations to come.

Musharraf Tansen is a development analyst and former Bangladesh representative of Malala Fund.​
 
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Innovative tool for climate finance: the case of blended finance
Mohammad Abu Yusuf
Published :
Nov 25, 2024 23:51
Updated :
Nov 26, 2024 00:06

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Climate change is the most widely discussed topic at the moment. An overwhelming majority of people around the world are concerned about climate change. Given the critical situation of climate change for humanity, UN experts called on States at the 29th meeting of the Conference of the Parties to the UN Framework Convention on Climate Change (COP29) in Baku, Azerbaijan, to prioritise the protection of human rights with truly ambitious climate action plan to 2030, and agree to sufficient, transparent and legitimate funding. The slow onset events of climate change such as sea level rise, increased temperature and extreme events exemplified by more frequent and intense drought, severe heat waves, more severe storms, increased precipitation, and flash flood result in related losses and damages to nature and people. Other consequences of rising global temperatures include massive crop and fishery collapse, and the disappearance of hundreds of thousands of species. Climate induced displacement and relocation/migration of people emerged as a havoc for the affected people. More than 20 million people a year are forced to leave their homes by climate change.

The adverse impacts of the climate change can be addressed to some extent through different adaptation measures. Implementation of these measures need significant financial resources to adapt to the adverse effects and reduce the same. The United Nations Environment Programme estimates that adapting to climate change and coping with damages will cost developing countries $140-300 billion per year by 2030. Climate finance is also needed for mitigation. The Adaptation Gap Report 2023 estimates that due to growing adaptation finance needs and limited flows, globally the current finance gap is around US$194-366 billion per year for adaptation only. The sources of climate finance are mainly budgetary allocations of the states, international climate funds, multilateral development banks (MDBs), bilateral funds, and philanthropic organisations. However, these sources are not enough to fund the huge climate finance need for Bangladesh

As the 7th most climate change vulnerable country according to the Global Climate Risk Index (CRI) 2021, Bangladesh has a considerable need for climate finance. The National Adaptation Plan (NAP) 2022 of Bangladesh estimates it will need around $230 billion for the period 2023-2050 (which is about US$ 8 billion per year) as new and additional financing requirements for the implementation of the NAP. The country currently spends $1.2 billion annually. Bangladesh thus faces a $7.3 billion climate adaptation funding gap annually. The actual financing gap would be higher if the financing needs to implement the committed reduction of GHG emission made in the Bangladesh’s Nationally Determined Contributions (NDCs) 2021 are taken into account. The full implementation of the proposed mitigation actions identified in the NDCs will require about USD 175 billion within 2030. Only a small part of the total estimated climate finance need could be filled in from budgetary allocations. Climate finance flows from international climate funds, MDBs, bilateral and philanthropic sources to Bangladesh are also very meagre. As for instance, Bangladesh has received US$ 174 million in grants and US$ 290 million in loans from GCF for implementing 8 projects till date. In addition, so far, Bangladesh has received US$ 34.41 million from the Least Developed Countries Fund (LDCF).

Although Bangladesh is one of the least emitters of GHG (0.47 per cent of total global emission), it is serious victim of climate change. Since Bangladesh is particularly vulnerable to the adverse effects of climate change, and has capacity constraints as a least developed country, it can rightfully demand grant-based resources for adaptation from global sources as per Article 9.4 of the Paris Agreement. The reality is— Bangladesh has to accept loan with grants money for climate cause.

The large climate financing gap and the limited capacity of the public sector as stated earlier calls for leveraging private capital in the climate change space. But bringing in private climate finance is not simple, as private sector will be looking for bankable projects where they can earn financial returns. The private investors also have a perception of high risks in emerging markets that discourage them to invest. Climate Adaptation projects, in particular, are not considered bankable as these projects do not generate returns for private financiers for the risks they involve. Development of innovative financing tools such as blended finance can be a tool to encourage private investment. Blended Finance as a term was launched in 2017 at the Adis Ababa Innovative Finance Summit.

Blended finance, by combining public, private, grants, concessional and philanthropic finances to mobilise larger sums of capital, de-risks investments in climate projects and thus support generate more climate finance. Public institutions, multilateral development banks, climate funds, philanthropies and other organisations without profit motive can de-risk private investment by assuming first-mover and longer-term risks. Development financial institutions (DFIs) and MDBs, by providing grants, first take losses to leverage private finance. They also provide capital at concessional rates to reduce risks for private providers. As for instance, the World Bank signed $46m agreement with the Uzbekistan government to motivate energy efficiency. Under the project, the bank will purchase between 2 and 2.5 million tons of CO2 reductions. Institutional investors could also be a more relied-upon source of debt capital to climate blended finance. The UNCTAD notes that bringing institutional investors into project finance can lower debt spreads by about 8%, almost as much as securing a DFI/MDB.

A number of blended finance instruments can be leveraged to generate climate finance from private sources. These instruments include catalytic first-loss capital (CFLC) such as equity, grants, guarantees and subordinated debt. It is catalytic because, by improving the recipient’s (investors who receive protection from other investors) risk-return profile, CFLC catalyses the participation of investors that otherwise would not have participated.

For blended finance to be able to raise meaningful amount of private capital, first-loss-equity is a vital option. It gives comfort to investors in emerging markets as first-loss concept de-risks investment in early-stage companies. The investor/grant-maker, in this case agrees to take first-loss or subordinated position in an investment in order to catalyse the participation of co-investors that otherwise would not have entered the deal.

Blended finance structure the financial instruments such as grants, guarantees, debt and equity in innovative ways to reduce risk, advance social and environmental objectives thus catalyse private/commercial capital for climate or impact investment. The following example illustrates how blended financing instrument (in this case CFLC) uses innovative financial structure to increase private sector (commercial) appetite for climate cause or impact investment.

Example: An impact fund of Tk. 132.5 million was created by a composition of debt and grants. The debt structure in the fund has three layers: Tk 100 million in senior debt, contributed by private capital investors (five banks and an insurance company); Tk. 25 million in subordinated debt, provided by five mission-driven investors; and Tk. 7.5 million in first-loss capital (this is ‘loan loss reserve’) in the form of grants from three foundations (providers). This reserve serves as a first stop-loss for any individual transaction. If there is a loan default, the loss reserve absorbs the full loss related to the loan.

Each loan made from the credit facility is composed of 75 per cent from the senior tranche and 25 per cent from the subordinated tranche. In the event of a loss, the CFLC fund can be accessed only to make the senior investors whole (no amount for the junior lenders). In theory, if there is a large loss in one transaction, then the full Tk. 7.5 million can be drawn down in one instance. Alternatively, it could cover numerous small losses until the full amount of CFLC (i.e., Tk. 7.5 million) is exhausted. Losses exceeding the $7.5 million loan loss reserve would be absorbed by the subordinate investors. In this case, it is evident that there is a mechanism of first-loss capital (created out of ‘grant’ money) that acts as a cushion for private sectors to come forward to put their money into such innovative arrangement of blended finance. The significance of blended finance had been recognised in COP 29: “Blended finance is key to mobilising private capital for climate-related projects. It reduces investment risks, attracts new technologies, and ultimately speeds up the shift to a green economy. The issuance of UniBank’s first green bonds in Baku is a compelling example of this trend…”

Attracting funds from both the global climate funds and the private sector are critical in closing the adaptation finance gap. An appreciative mindset that cares for humanity, planet, and sustainability will surely promote blended finance concept to mitigate risks by the public sector or impact investors in a way that allows the private capital to make impact investment for climate cause.

Mohammad Abu Yusuf is an Additional Secretary in the Finance Division, Ministry of Finance, Government of Bangladesh.​
 
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The unresolved question of 'non-economic’ loss and damage

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Can prehistoric sites like the Gobustan State Historical and Cultural Reserve in Baku, Azerbaijan survive climate change? PHOTO: PAVEL PARTHA

Some 64 kilometres southwest of Azerbaijan's capital, Baku, is the Gobustan State Historical and Cultural Reserve. After the first week of the Baku Climate Conference, the 29th Conference of the Parties (COP), we had the opportunity to visit these relics of our ancestors.

As I observed the stone-carved cavities in Gobustan, I wondered what Stone Age humans might have stored in them—perhaps meat, fruits, herbs, or seeds.

Cooking rice was not yet part of civilisation, as rice had not been discovered; only later domesticated by Homo sapiens. Over time, wild rice was tamed, but the "Green Revolution project" transformed agriculture into a profit-driven industry, eradicating the diversity of traditional rice and other crop genetic resources.

In parallel, the discourse on climate change adaptation and payment for loss and damage is growing, with the Global South advocating for an Adaptation Fund and a Loss and Damage (L&D) Fund. Yet, L&D negotiations largely focus on economic losses, leaving non-economic loss and damage underrepresented in the global climate negotiations.

On our way back from Gobustan, I wondered: could we ever put a price tag on these priceless remnants? If these artefacts were to be lost to a volcanic eruption or another climate-induced disaster, the losses would fall under what we describe as the category of non-economic loss and damage in climate discourse.

The Baku Climate Conference, dubbed the "Finance COP," focused more on promoting carbon credits and false solutions than addressing people-led adaptation and loss and damage. The unresolved, irreversible impacts of climate change continue to grow. Disasters like cyclones, droughts, floods, and heatwaves not only cause economic losses but also destroy traditional knowledge, rituals and even rare species. Can humanity survive without these non-economic, intangible cultural heritages? Acknowledging and incorporating these losses into global climate action is not just necessary—it's urgent for conserving the essence of human existence.

The issue of "Loss and Damage" due to climate change gained prominence through small island nations (Small Island Developing States/SIDS and Alliance of Small Island States/AOSIS) initially focusing on economic impacts. However, Indigenous Peoples and Local Communities (IPLC) shifted the discussion towards non-economic loss and damage (NELD), a concept often overlooked. Based on the UNFCCC's report (2013) on Non-economic losses in the context of the work programme on loss and damage' refers to losses not traded in markets—loss of life, health, human mobility, loss of territory, cultural heritage, Indigenous local knowledge and social capital, biodiversity and ecosystem service. Measuring these losses is challenging as they lack a market value, yet they are integral to human civilisation.

Following the Paris Agreement, a 2019 report identified key sectors for assessing NELD, and the "Santiago Network" was established to support developing nations. The Intergovernmental Panel on Climate Change (IPCC) Sixth Assessment Report included NELD examples, such as loss of life and ecosystems. NELD's scope varies across different cultures, ecosystems, and communities, shaped by diverse social, cultural, and historical contexts. This article presents examples of NELD caused by climatic stress from various eco-regions of global countries including Bangladesh to illustrate the broader concept.

Lost rain, lost rituals

The Huni Kui people, who reside in the Brazilian and Peruvian parts of the Amazon, believe that after death, humans are reborn as trees in the forest, according to Ninawa Inu Huni Kui, leader of the Huni Kui. To them, every plant and tree is sacred. The Mukaya (shamans or healers) venture deep into the forest to collect flowers, leaves, and roots used in herbal medicine and various rituals.

Due to irregular rainfall and rising temperatures, many plants are going to be extinct in the Amazon. Ninawa's account parallels the experiences of the Indigenous Tripura community in Bangladesh's Rema-Kalenga forest. The Tripura believe the KuthuiRuganiKhlum plant guides dead's souls to heaven, but prolonged droughts have made this sacred plant harder to find.

In the Bengali Hindu tradition, 108 lotus flowers are essential for Sharadiya Durga Puja. From 2022 to 2024, excessive rainfall during the flowering season destroyed many blooms in wetlands. While some devotees managed to acquire lotus flowers at high prices, a very few could gather the full 108 required for rituals.

New diseases, new concerns

Climate change is also linked to diseases like dengue, chikungunya, cholera, and malaria, which bring new challenges and fears. Caroline Naeku Lemachakoti, an Indigenous activist from the Samburu community in Nigari village of Kenya, reported that prolonged droughts are increasing the spread of a camel disease called Nadopapita.

Meanwhile, Shahin Alam, a youth climate activist from Bangladesh's Sundarbans, highlighted that intrusion of salinity is causing complex reproductive health issues among women in coastal villages. Irregular rainfall and rising temperatures are also damaging betel leaf plantations in the Khasi Indigenous community of Sylhet in Bangladesh, leading to a rise in the Uttram disease of betel leaf garden.

Erosion of genetic resources and biodiversity

In Sherpur of Bangladesh, the floods during August-September this year, submerged rice fields, including those growing the indigenous Tulshimala variety, a crop with Geographical Indication (GI) status. Rukasen Beypi, a climate activist from India's Assam, highlighted a similar plight among the Karbi Indigenous people, whose traditional crops are rapidly vanishing. Droughts have made finding two wild banana varieties, Lorup and Lochin, increasingly difficult.

Bolivian food rights activist Aira Roja Condori, who also participated in last year's climate summit in Dubai, recalled the loss of wild potato varieties due to droughts and water scarcity—a grim story she reiterated this year. Meanwhile, U Khing Nu Chak, a youth climate activist from the Indigenous Chak community of Naikhongchhari in Bangladesh's Bandarban, shared her Grandmother Janingme Chak's memories of colourful maize varieties that once flourished in their mountain villages. These varieties are now disappearing, driven by drought, water shortages, and rising temperatures. Leodegario Velayo and Rowena Buena the farmer-scientists from Philippines told that, they are trying to conserve the traditional climate resilient varieties.

Alien territories, new conflicts

Cyclones, floods, droughts, and rising temperatures are increasingly displacing both humans and wildlife, forcing migration in Bangladesh's Satkhira and Netrokona regions. Young people, particularly women, are seeking jobs outside their villages due to the loss of agricultural land and employment opportunities. Unlike cultural migration, this displacement forces people to leave behind everything they've known: villages, ancestral graves, temples, and communities.

Makereta Waqavonovono from Fiji shared how frequent tidal surges displace her community, a situation mirrored by those affected by riverbank erosion in Bangladesh's Meghna, Jamuna, and Brahmaputra basins. Women and children, as highlighted by Chathurika Sewwandi of Sri Lanka's Vikalpani National Women's Federation, face increased violence and insecurity in these situations. The emotional toll of leaving one's birthplace is immense, and adapting to new settlements often leads to social, cultural, and environmental conflicts.

Indigenous knowledge, beliefs and new doubts

The devastating floods in Sunamganj and Sylhet in Bangladesh in 2022 not only led to loss of life and property but also wiped out many Dhamail songs, a cultural heritage of the Haor region. Women in these areas have their Dhamail songs written in songbooks, which were submerged and lost in the floods. Thus, climate change is causing the daily disappearance of numerous songs, languages, Indigenous knowledge, and cultural expressions around the world. Traditional practices related to weaving, agriculture, local adaptations, rural architecture, culinary arts, herbal medicine, and disaster management are all critically endangered due to climate change.

In the hills of Bandarban, only six speakers of the Rengmitcha language remain. The scarcity of water and land crisis is exacerbating the survival challenge of Indigenous communities. When the last speaker of the Sare language from India's Andaman-Nicobar Islands passed away during the first wave of the Covid pandemic, the language went extinct.

Stephanie Stephens, a representative from Vanuatu's Ministry of Climate Change, explained that as coastal villages are submerged by tidal surges, people are being forced to move to mountain areas. In these new regions, the medicinal plants they once relied on are no longer available, leading to the erosion of indigenous knowledge about herbs and healing.

Non-economic loss and damage, human rights, and political commitments

While Bangladesh has made strides in disaster management and adaptation, it has yet to fully address NELD. There is an urgent need for policies and management frameworks in this area. Although Bangladesh presented a national L&D assessment framework at the Baku Conference, NELD must be explicitly integrated. This requires the consent of all regions and communities, along with coordinated research on the impacts of NELD on ecosystems and people.

In climate finance negotiations, countries must include NELD in their Nationally Determined Contributions (NDC), National Adaptation Plan (NAP), and National Biodiversity Strategic Action Plan (NBSAP) to ensure that NELD are addressed in both national and international climate policies. After undue delays and false oaths, the global leaders at the Baku conference agreed to climate finance $300 billion per year. Strong commitment and concrete climate actions are now needed to address the global NELD.

Pavel Partha, an ecology and biodiversity conservation researcher, is director at Bangladesh Resource Centre for Indigenous Knowledge (BARCIK).​
 
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Efficient management and recycling of textile waste
Wasi Ahmed
Published :
Nov 27, 2024 00:48
Updated :
Nov 27, 2024 00:48

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The challenge of managing textile waste has long been a pressing issue, both from an environmental and socio-economic perspective. In Bangladesh, the handling of textile waste, locally known as jhut, remains largely informal and disorganised. This unregulated approach has created a hydra-headed problem over the years, posing significant environmental, social, and economic risks. The informal nature of the jhut trade not only hampers sustainable practices but has also led to frequent conflict and clashes between stakeholders, disrupting the country's Ready-Made Garments (RMG) sector. The economic and political nexus has its internecine feuds, and despite efforts to remove tension, there has not been any sign of relief, so far. Clearly, it is the absence of formalising the business that mainly accounts for the conflict and wrangling.

A recent discussion meeting in Dhaka brought renewed attention to the importance of formalising Bangladesh's textile waste management system. Organised under the "SWITCH to Circular Economy Value Chains" project-co-funded by the European Union (EU) and the Finnish government and led by the United Nations Industrial Development Organisation (UNIDO)-the event emphasised aligning the country's waste management practices with the EU's sustainable product regulations.

Experts at the event highlighted that transitioning to a circular economy is not just about environmental responsibility but also an opportunity to create millions of jobs in recycling and reducing the country's dependence on raw material imports. A formal policy framework for jhut management could address the unrest in the RMG sector by fostering better coordination among stakeholders, manufacturers, waste management companies, and global brands.

As the second-largest garment exporter globally, Bangladesh faces an enormous challenge in managing its growing textile waste. Much of this waste is either incinerated or dumped in landfills, causing significant environmental harm. These practices result in wasted resources, pollution, and a missed opportunity to harness the economic value of textile waste through recycling and upcycling. Experts argue that a comprehensive recycling system could reduce environmental degradation while contributing to the country's economy. Turning waste into reusable materials can drive sustainability and promote a circular approach within the textile industry.

The circular approach offers a promising solution by closing the loops in the production process. This involves transforming waste into resources for future manufacturing. With proper infrastructure for waste collection, sorting, and advanced recycling technologies, Bangladesh can lower its environmental footprint and foster growth in green industries. Investing in recycling technology and infrastructure could also position Bangladesh as a leader in textile recycling. Collaboration among the government, manufacturers, and waste processors is essential to create a robust ecosystem for sustainable production and waste management.

Speaking at the event, Deputy Head of the EU Delegation to Bangladesh, Bernd Spanier, underscored the urgency of transitioning to circular production. He noted that the next five years are critical for Bangladesh's garment industry to meet the EU's emerging standards under its Strategy for Sustainable and Circular Textiles. This framework aims to ensure that textiles entering the EU market by 2030 are made from recycled fibers, free of hazardous substances, and produced in an environmentally and socially responsible manner. He also highlighted gaps in Bangladesh's current policies, such as the National Environmental Policy, Solid Waste Management Rules, and the Bangladesh Labour Act, which are not fully aligned with international standards for circular textile manufacturing. Without supportive policies, countries like Vietnam and Indonesia are emerging as preferred destinations for recycling industries.

Formalising the textile waste management system could unlock substantial economic benefits. According to experts, this transition could help Bangladesh remain competitive in the global garment market, especially as international buyers increasingly prioritise sustainability. Furthermore, recycling and waste management offer an avenue for economic diversification. By investing in circularity, the country can develop a thriving recycling industry that generates value from waste while mitigating its environmental impact.​
 
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