Bangladesh Receives GCA Award for Increasing Climate Leadership Finance: COP-28
Bangladesh received the Global Center on Adaptation (GCA) Award in the ‘Innovation in Developing Finance’ category at the UN Climate Summit COP-28 in Dubai, United Arab Emirates. A
The Local Government Initiative on Climate Change (LOGIC) project implemented by the Department of Local Government received the Championship Award in the Local Lead Adaptation (LLA) category.
The project is being implemented with the support of the European Union (EU), Denmark, Sweden, the United Nations Capital Development Fund (UNCDF) and the United Nations Development Program (UNDP).
The award was presented in recognition of Bangladesh’s contribution to adaptation and resilience building at the local level at an award ceremony held at the Resilience Hub on December 9, 2023.
The award is given for innovative approaches to raising finance. Farhina Ahmed, Secretary of the Ministry of Environment, Forest and Climate Change (MOEFCC), Bangladesh, on behalf of the local government department of the Ministry of Local Government, Rural Development and Cooperatives of Bangladesh, accepted the award.
Nearly two million people in 9 major climate and vulnerable districts of Bangladesh have benefited under the project and empowered more than 400,000 households to better prepare for climate change impacts.
These people can now ensure their participation in markets and investments to invest in climate-resilient livelihoods, choose diversified income sources and promote adaptation practices.
Stefan Liller, Resident Representative of UNDP Bangladesh, said, “The recognition of the Local Government Initiative on Climate Change (LOGIC) project is a result of Bangladesh’s strong commitment to locally driven climate adaptation and resilience.
The award recognizes the commitment of local government departments and their development partners. It has set a global example of the power of innovation to address climate challenges.”
Incidentally, the GCA Awards not only recognize the achievements of the winners but also highlight to the world the collective efforts to tackle climate change at the local level.
Such awards have a unique role to play in building climate resilience and adapting to the impacts of climate change by providing the collaboration and innovation needed for a sustainable future.