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Establishing a Blended Finance Mechanism Involving Climate Funds in Bangladesh: Opportunities and Challenges

Fahmida Khatun, Wasel Bin Shadat and Foqoruddin Al Kabir

No 141, CPD Working Paper from Centre for Policy Dialogue (CPD)

Abstract: Working Paper 141 is based on a scoping study which was conducted by the Centre for Policy Dialogue (CPD) as part of the Climate Induced Migration (CIM) Issue Based Project (IBP) of the Promoting Knowledge for Accountable Systems (PROKAS) Programme which is funded by the Foreign, Commonwealth and Development Office of the United Kingdom and implemented by the British Council in association with Palladium. Bangladesh is one of the most vulnerable countries to the effect of climate change for its terrestrial and demographic features. In recent times, climate displacement and internal migration to the big city slums for employment opportunities have been critical problems for the country hindering the attainment of a number of Sustainable Development Goals (SDGs). Given the social and economic background, the country needs to find an alternative solution to stop internal migration by creating employment opportunities. Moreover, several estimates suggest that there prevails a large finance gap in terms of achieving the SDGs both globally and locally. In this regard, blended finance can play a crucial role in mobilising funds from various sources, especially green climate funds (GCF). However, a prudent framework is required to operationalise a blended finance mechanism in Bangladesh. Therefore, the objectives of this study are to identify the opportunities and challenges of the blended finance mechanism involving climate funds and to recommend a generic blended finance framework with suggested key activities at different stages.

Keywords: Blended Finance; Climate Funds; Climate Induced Migration; climate change; climate displacement; internal migration (search for similar items in EconPapers)
Pages: 48 pages
Date: 2021-12
New Economics Papers: this item is included in nep-env
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