PM Hasina and GCA CEO meet ahead of COP28; commit to drive $1bn in climate finance in support of Mujib Climate Prosperity Plan
GCA is committed to leveraging its resources to work with the Government and its partners to design, finance, and implement adaptation solutions to sustain this path to prosperity.
- GCA is committed to leveraging its resources to work with the Government and its partners to design, finance, and implement adaptation solutions to sustain this path to prosperity.
- The Government of Bangladesh spends an estimated US$1.2bn each year to finance adaptation needs.
- However, the financing needs identified in the government’s Mujib Climate Prosperity Plan (MCPP) to address the threat of climate change exceed US$8.5bn each year.
- Without greater funding climate change will undermine Bangladesh’s strong development trajectory and the poorest will be hardest hit.