The European Union has granted Bangladesh €8 million to help the country’s most vulnerable communities build resilience to climate change and related disasters.
The grants will be routed through the Global Climate Change Alliance+ Flagship Initiative (GCCA+).
Starting early 2016, a new four-year project will be implemented by the Ministry of Local Government, Rural Development and Cooperatives, the UNDP and the UN Capital Development Fund (UNCDF).
The GCCA+ aims at strengthening dialogues and cooperation among developing countries most vulnerable to climate change.
The project is in line with national policies and priorities, the EU says in a statement.
The community-based adaptation actions will be financed through grants to local government and local civil society organisations.
Allocations will be based on performance criteria.
The move will directly benefit 200,000 households in the hard-to-reach areas of Bangladesh.
“The poorest and marginalised people of vulnerable areas of Bangladesh suffer the most from the effects of climate change,” EU Ambassador Pierre Mayaudon was quoted in the statement.
Pierre Mayaudon was quoted in the statement.
“The European Union acknowledges the efforts of all stakeholders in the country to adapt to climate change and reduce the impact of disasters. Bangladesh is rapidly growing and has just become a lower-middle income country.
“Therefore, timely investment in low-carbon and climate resilient development can generate jobs and growth. The EU will continue supporting these efforts through transfer of technical and financial assistance as part of a joint response on mitigation and adaptation,” the ambassador said.