Global Centre on Adaptation CEO emphasizes urgent need for increased financial aid from developed nations
In a recent interview with The Financial Express, Prof Dr Patrick Verkooijen, CEO of the Global Centre on Adaptation (GCA), highlighted the urgent need for increased financial aid from developed nations to support climate adaptation efforts in developing countries. While Bangladesh is setting a shining example by investing $1.2 billion in combating climate change impacts, developed countries have fallen short of their promises to provide support.
Dr. Verkooijen emphasized the importance of incorporating climate considerations into all development projects, stating that a “climate lens” needs to be approved for all future initiatives. He also stressed the economic benefits of investing in climate adaptation, noting that every dollar invested in this area has a high economic return.
The GCA has partnered with organizations like WaterAid Bangladesh and Dushtha Shasthya Kendra (DSK) to support low-income communities in Chattogram through the World Bank’s Chattogram Water Supply Improvement Project. This initiative aims to enhance water supply services while integrating climate-resilience strategies.
Dr. Verkooijen praised Bangladesh for its proactive approach to climate adaptation, citing successful initiatives in Mongla and Chattogram that are now being replicated in other countries. He highlighted the country’s Mujib Climate Prosperity Plan and National Adaptation Plan as examples of effective policy reforms.
Despite Bangladesh’s significant investments in adaptation efforts, Dr. Verkooijen noted that the estimated requirement is much higher at $8.5 billion. He called for sustained and increased financial support from developed nations to meet global climate adaptation goals.
Overall, Dr. Verkooijen’s insights shed light on the importance of international cooperation and financial aid in addressing the urgent challenges posed by climate change. Bangladesh’s leadership in this area serves as a model for other countries to follow in implementing effective climate adaptation strategies.
