UNDP Green Climate Fund: India gets 43 million USD to boost climate in 3 coastal states

With the help pf 43 million USD from the United Nations Development Programme (UNDP), India has begun the project that will positively impact over 10 million people living on the coastline. The funds are to be obtained from the Green Climate Fund that was established under United Nations Convention on Climate Change (UNFCCC). The objective of the fund is to assist developing countries.

Highlights

  • The 6-year project will help to build climate resilient livelihoods of 1.7 million people
  • The coastal states that are to benefit from the fund are Maharashtra, Andhra Pradesh and Odisha.
  • Under the project, the plan is to sequester minimum of 3.5 million tons of carbon dioxide in the next 30 years.
  • The project will also restore 15,000 hectares of coral reefs, mangroves, salt marshes and sea marshes

Significance

  • The funds will help in improving shoreline protection
  • It aligns well with the NDC (Nationally Determined Contributions) of India under Paris Agreement and National Action Plan on Climate Change.
  • The project will help the shoreline communities to restore eco system and promote climate resilient livelihood like sustainable farming of mud crabs.
  • The initiative will also help to provide benefits for female-headed households, vulnerable communities, young people and elderly.

Dhaka Global Dialogue held in Bangladesh

The first edition of Dhaka Global Dialogue was held from 11-13 November 2019 in Bangladesh. The three day long programme was inaugurated by Prime Minister of Bangladesh Sheikh Hasina.

About Dhaka Global Dialogue

Organised by: The programme was jointly organised by New Delhi based Observer Research Foundation (ORF) and Bangladesh Institute of International and Strategic Studies (BIISS).

Participants: More than 150 delegates from 50 countries participated in the conference to discuss some of the most pressing global imperatives in context of the Indo-pacific region. It included large number of policy makers, law makers, scholars, strategic experts, industry leaders and professionals of various fields.

Key Deliberations:

The geographical location of Bangladesh is advantageous and strategic and thus could act a bridge between South Asia and South-East Asia on which it needs to build further. It is believed that the Asian Century which will be shaped by stories of transformations in the east and its collective rise.

Bangladesh annually loses nearly 2% of its GDP due to climate change issues but Bangladesh is also an example of adaptive resilience which could be emulated by other countries globally.

Principle of Bangladesh’s foreign policy remains, ‘friendship to all, malice to none’. Bangladesh has become a role model for other countries for its peaceful resolution of maritime disputes and land boundary agreement with neighbouring India and Myanmar.

Significance of Dhaka Global Dialogue: It will act as a platform for countries in this region on the way of achieving environmentally sustainable peace and prosperity. Participants also agreed upon that peace and stability in the maritime domain will be critical to Asia’s rise.