Bangladesh and Tuvalu expose severe climate justice failures, demanding immediate adaptation finance and accountability from developed nations.

The government’s recent announcement that it intends to pursue opportunities in carbon markets signals a new phase in Bangladesh’s engagement with global climate finance.

The climate budget proposed for FY2026-2027 seems good on paper but, at the same time, confusing, and has missed some obvious opportunities.

Adaptation finance remains far below what vulnerable countries require.

The FY2026-27 budget should move beyond symbolic climate commitments and place stronger emphasis on increasing climate investment, in line with the country’s growing adaptation and resilience demands.

As the impacts of climate change become more severe with deadly heatwaves, eroding coastlines, rising food prices, and increasing social and economic instability, affected countries, particularly poor ones, are getting concerned about having to slow their development while addressing climate change.

Global attention has currently turned to Belém, one of the gateways to the Brazilian Amazon, where the climate community has gathered for the 30th Conference of the Parties (COP 30) under the United Nations Framework Convention on Climate Change (UNFCCC).

From 2002 to 2023, Bangladesh secured only $1.41 billion in adaptation funds, less than 1 percent of its projected needs.

Adaptation is perceived as providing only local or national benefits.

Most of the recent discussions on climate change in Bangladesh have been focused solely on funding.

We have been witnessing a de-emphasis of public responsibility in the post-Paris years and a re-emphasis on financing by the private sector.

The COP30 presidency wishes to achieve some tangible outcomes.

The theme for this year is “Our Power, Our Planet.”

Developing countries, excluding China, will need $1 trillion a year by 2030 in outside help to reduce their carbon footprint and adapt to a warming planet, according to UN-commissioned experts.

Major polluters must help nations most vulnerable to climate change.

COP29 must secure fair climate finance for vulnerable nations

As global leaders gather in Baku, Azerbaijan to discuss finance at the 29th climate conference, the most vulnerable countries like Bangladesh are demanding new and additional climate finance that does not exacerbate climate debt.

The centrepiece of this year’s COP agenda is undoubtedly climate finance.

It is expected that the NCQG will establish a comprehensive definition of climate finance, promoting consistency and transparency in climate finance reporting.

At the UN negotiations, climate finance has come to refer to the difficulties the developing world faces getting the money it needs to prepare for global warming.