Bangladesh urged to boost climate budget to 3% of GDP for coastal protection

Experts and activists in Dhaka have called for a significant increase in climate finance, urging Bangladesh to allocate at least 3% of its GDP to climate adaptation efforts. Speaking at a seminar on the proposed FY2026-27 budget, participants stressed that the current climate spending of 0.76% of GDP is inadequate to protect the nation's vulnerable coastal communities. They advocated for prioritizing coastal water management with a dedicated budget and a comprehensive adaptation plan.

The seminar, organized by COAST Foundation, BDSCO Process, and EquityBD, highlighted the urgent need for robust infrastructure, including embankments, sluice gates, and drainage systems, to combat river erosion and protect against disasters. Speakers also emphasized the importance of sustainable water supply and irrigation methods, such as rainwater harvesting and canal restoration, alongside promoting salinity-tolerant agriculture.

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Climate spending in the proposed budget stands at only 0.76 percent of GDP, far below what is needed to protect vulnerable communities.

Participants called for enhanced coordination among government agencies, direct involvement of coastal communities in planning and implementation, and transparent public reporting on climate finance. Experts suggested leveraging NGOs and microfinance institutions to effectively reach communities on chars and islands. The speakers warned that without immediate and substantial action, coastal populations will continue to face severe challenges, including displacement and food insecurity.

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The coastal region requires a separate, inclusive plan covering river erosion, embankments, afforestation, healthcare, education, alternative livelihoods, and support for displaced people.