Blue economy a new potential investment sector: Bida
The blue economy is the new potential sector of investment in Bangladesh and it is possible to earn billions of dollars from this sector in the next few years with suitable policies in place, said Bangladesh Investment Development Authority (Bida) Executive Chairman Md Sirazul Islam. Addressing a seminar on "Blue Economy: Prospective Economic Engagement in Bangladesh" at Bida conference room in the capital on Monday, he urged the concerned departments of the government to reform the existing policies promptly and create simple investment-friendly policies. Presenting the keynote, the Secretary (Maritime Affairs Unit) at the Ministry of Foreign Affairs Rear Admiral (Retd) Md Khurshed Alam said, "The overall maritime boundary of Bangladesh expands up to 664 kilometres (354 nautical miles), but fish is harvested within only 60km. Despite claiming the boundaries in 2012, the marine resources including oil and gas are still out of our reach." "Although several plans have been undertaken in this regard, they have not seen the light of day. But Myanmar has already started extracting mineral resources next to Bangladesh's sea block," he said. "Not only fish or mineral resources, but the entire economy of Bangladesh can be changed by using the sea within its borders. Various industries including tourism, shipbuilding, deep-sea fishing vessels, containers, medicine, and cosmetics can be developed by utilising the marine economy," Khurshed Alam said.
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.