The proposed budget for 2018-19 fiscal has set aside a fund of Tk 12.7 billion for forests, environment and climate change, up by Tk 1.5 billion from the previous fiscal.
The 2017-18 budget allocated Tk 11.2 billion, which came down to Tk 8.91 billion in the revised budget.
“In the light of Bangladesh Climate Change Strategy and Action Plan (BCCSAP), 44 activities under 6 thematic areas are being implemented for mitigating and adaptation of the effects of climate change. These activities have been brought under government budget classification to capture total expenditure on climate change. Besides, various programmes are being implemented under ‘Bangladesh Climate Change Trust Fund’ created with own fund,” Finance Minister Muhith said in his budget speech.
Bangladesh as a member of United Nations Framework Convention on 70 Climate Change (UNFCCC) has submitted Intended Nationally Determined Contributions (INDC) in which intentions for reducing carbon emission by 5 percent with own initiative and 15 percent with international cooperation by 2030, he added.