Climate-related allocation decreases slightly in budget FY2024
Finance Minister AHM Mustafa Kamal today proposed Tk37,052 crore as a climate-related allocation in the budget for the 2023-24 fiscal year. The allocation accounted for 0.74% of the GDP in the upcoming fiscal. This is the sixth climate budget prepared for 25 related ministries and divisions overseeing environment, forest, climate change, agriculture, disaster management, food, fisheries and livestock. The proposed allocation decreased slightly by Tk167.23 crore compared to the revised budget for the 2022-23 fiscal, according to the budget document. This year, the budget highlights the financing requirements for 34 climate-relevant projects included in Bangladesh Delta Plan 2100. The proposed allocation accounts for 54.09% of the total budget of the 25 ministries and divisions, while 9% is specifically for climate-relevant expenditures. Compared to the revised climate budget for 2022-23 fiscal, the allocation in the 2023-24 fiscal is Tk5,643 crore more than the main climate-relevant budget allocation in fiscal 2022-23.
India targets net-zero carbon emissions by 2070, says Modi
India’s economy will become carbon neutral by the year 2070, the country’s prime minster has announced at the COP26 climate crisis summit in Glasgow. The target date is two decades beyond what scientists say is needed to avert catastrophic climate impacts. India is the last of the world’s major carbon polluters to announce a net-zero target, with China saying it would reach that goal in 2060, and the United States and the European Union aiming for 2050.
COP26: What climate summit means for one woman in Bangladesh
China's carbon emissions are vast and growing, dwarfing those of other countries. Experts agree that without big reductions in China's emissions, the world cannot win the fight against climate change. In 2020, China's President Xi Jinping said his country would aim for its emissions to reach their highest point before 2030 and for carbon neutrality before 2060. His statement has now been confirmed as China's official position ahead of the COP26 global climate summit in Glasgow. But China has not said exactly how these goals will be achieved.
Why China's climate policy matters to us all
China's carbon emissions are vast and growing, dwarfing those of other countries. Experts agree that without big reductions in China's emissions, the world cannot win the fight against climate change. In 2020, China's President Xi Jinping said his country would aim for its emissions to reach their highest point before 2030 and for carbon neutrality before 2060. His statement has now been confirmed as China's official position ahead of the COP26 global climate summit in Glasgow. But China has not said exactly how these goals will be achieved.
Deliver on promises, developing world tells rich at climate talks
A crucial U.N. conference heard calls on its first day for the world's major economies to keep their promises of financial help to address the climate crisis, while big polluters India and Brazil made new commitments to cut emissions. World leaders, environmental experts and activists all pleaded for decisive action to halt the global warming which threatens the future of the planet at the start of the two-week COP26 summit in the Scottish city of Glasgow on Monday. The task facing negotiators was made even more daunting by the failure of the Group of 20 major industrial nations to agree ambitious new commitments at the weekend.