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Finance is vital for the success of COP26


The United Kingdom as the incoming President of the 26th Conference of Parties (COP26) under the United Nations Framework Convention on Climate Change (UNFCCC), to be held in Glasgow, Scotland in November held a ministerial meeting on March 31 to discuss the issue of raising adequate funds for enabling developing countries to tackle climate change.
The COP26 Presidency invited ministers from about 40 developing and developed countries, and also key institutions such as the World Bank and International Monetary Fund (IMF). Bangladesh was amongst the countries invited, and the foreign minister of Bangladesh spoke on behalf of both Bangladesh and the Climate Vulnerable Forum (CVF), which is currently chaired by Bangladesh. Although the speeches of individual speakers were not made public, the COP26 Presidency has released a summary of the discussions held with pledges of follow-up action from the UK as COP26 President going forward. ....

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