Tk 100cr allocation proposed for tackling climate crisis

The Finance Minister has proposed allocating Tk 100 crore as a special fund for climate change and environmental protection in the national budget for FY2024-25. The fund will support Bangladesh’s Climate Change Strategy and Action Plan (BCCSAP), which has guided the nation’s climate actions so far. From FY10 to FY24, Tk 3969 crore was allocated to the Climate Change Trust Fund facilitating 969 projects. The new allocation highlights Bangladesh’s vulnerability to climate impacts and the need for adaptation efforts.