Dhaka, Bangladesh Global: Environment, Forest, and Climate Change Minister Saber Hossain Chowdhury said Bangladesh's annual funding requirement is $9 billion for climate change initiatives, with the government presently allocating $3 billion, resulting in a substantial shortfall of $6 billion.
Stressing the pivotal role of assistance from institutions like the ADB and World Bank, he highlighted the necessity for both multilateral and bilateral cooperation, noting Bangladesh's efficient utilization of available funds to address national needs.
Environment Minister said this while Ambassador Iwama Kiminori of Japan engaged in a productive discussion with him at his Secretariat Office on Tuesday.
The dialogue between Ambassador Kiminori and Minister Chowdhury encompassed bilateral cooperation in environmental conservation, sustainable forestry practices, and climate change mitigation strategies.
Both parties reaffirmed their commitment to bolstering the enduring friendship between Japan and Bangladesh through collaborative efforts in tackling pressing environmental challenges. Discussions delved into the preservation of biodiversity, water bodies, natural resources, disaster management, and climate change adaptation, as well as initiatives like the Mujib Climate Prosperity Plan and the Bangladesh Climate Development Partnership and Economic Partnership Agreement with Japan.
In the realm of economic collaboration, the meeting also touched upon Japanese companies' initiatives in promoting power plants and other projects in Bangladesh. Ambassador Kiminori expressed Japan's keen interest in financing specific projects, particularly emphasizing disaster resilience and green financing through JICA.
Both parties anticipated future projects and programs, with Ambassador Kiminori reaffirming Japan's unwavering support for Bangladesh's endeavors to combat climate change and bolster resilience to its impacts.
The meeting concluded with the shared commitment of Japan and Bangladesh to deepen mutual understanding and cooperation in environmental conservation efforts, echoing the enduring bonds of friendship and partnership between the two nations.
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