Climate funding sees gap between promises and reality
Bangladesh, considered one of the most vulnerable countries to climate change impacts, is facing a funding shortfall for adaptation efforts.
“Bangladesh spends roughly $1.2 billion annually to address climate change threats, but the actual financing needs are closer to $8.5 billion per year,” said Prof Patrick V Verkooijen, CEO of the Global Center on Adaptation (GCA), during a recent interview with The Business Standard.