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Dhaka: Foreign Minister Dr AK Abdul Momen on Friday expressed optimism over the promised international financial flow of US$100 billion, saying money is not a problem but the political commitment matters.<\/p>\nDhaka: Foreign Minister Dr AK Abdul Momen on Friday expressed optimism over the promised international financial flow of US$100 billion, saying money is not a problem but the political commitment matters.<\/p>\n
\u201cI\u2019m very optimist as always. The most important thing is political commitment,\u201d he said noting that they have seen that commitment through the \u201cLeaders Summit on Climate\u201d hosted by US President Joe Biden.<\/p>\n
Dr Momen said Prime Minister Sheikh Hasina pushed for the annual target of mobilising $100 billion as committed by developed countries in her speech at the Summit on Thursday.<\/p>\n
In a virtual briefing, the Foreign Minister said they have to know how to get the money, and money is not a problem if there is a political commitment.<\/p>\n
He termed the Leaders\u2019 Summit on Climate is a \u201cbreakthrough\u201d and expressed satisfaction over the commitment of the global leaders.<\/p>\n
Bangladesh stressed that the funding should be distributed at a ratio of 50:50 between mitigation and adaptation. At the same time, adaptation without mitigation is not a good strategy.<\/p>\n
Indian Prime Minister Narendra Modi, Chinese President Xi Jinping, Japanese Prime Minister Yoshihide Suga, Russian President Vladimir Puti, Australian Prime Minister Scott Morrison, British Prime Minister Boris Johnson, German Chancellor Angela Merkel, Prime Minister, South Korean President Moon Jae-in and Turkish President Recep Tayyip Erdogan were among the participants invited by the US President.<\/p>\n
The Leaders\u2019 Summit on Climate underscored the urgency – and the economic benefits – of stronger climate action.<\/p>\n
The Summit also highlighted examples of how enhanced climate ambition will create good paying jobs, advance innovative technologies, and help vulnerable countries adapt to climate impacts.<\/p>\n
It is seen as a key milestone on the road to the United Nations Climate Change Conference (COP26) this November in Glasgow.<\/p>\n
A key goal of COP26 will be to catalyze efforts that keep that 1.5-degree goal within reach.<\/p>\n
The entire world faces \u201ca moment of peril\u201d but also \u201ca moment of opportunity,\u201d Biden declared, speaking from a TV-style chrome-blue set for the virtual summit of 40 world leaders.<\/p>\n
The participants appeared one after other onscreen for what appeared to be a mix of live and recorded addresses.<\/p>\n
\u201cThe signs are unmistakable,\u201d Biden said. \u201cThe science is undeniable. The cost of inaction keeps mounting.\u201d<\/p>\n
Biden\u2019s new U.S. commitment, timed to the summit, would cut America\u2019s fossil fuel emissions as much as 52% by 2030.<\/p>\n
It comes after four years of international withdrawal from the issue under President Donald Trump, who mocked the science of climate change and pulled the US out of the landmark 2015 Paris climate accord, reports AP.<\/p>\n
Foreign Secretary Masud Bin Momen, was among others, present at the virtual media briefing.<\/p>\n","protected":false},"excerpt":{"rendered":"
Dhaka: Foreign Minister Dr AK Abdul Momen on Friday expressed optimism over the promised international financial flow of US$100 billion, saying money is not a problem but the political commitment matters. \u201cI\u2019m very optimist as always. The most important thing is political commitment,\u201d he said noting that they have seen that commitment through the \u201cLeaders […]<\/p>\n","protected":false},"author":7,"featured_media":68315,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[12,2],"tags":[],"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\n\n\t\n