Bangladesh Climate Change Trust (BCCT)

Bangladesh is one of the most climate vulnerable countries in the world and will become even more so as a result of climate change. Though the country has made considerable progress in meeting the targets of Millennium Development Goals (MDGs), climate change induced risks like cyclone, tidal surge, coastal inundation and salinity intrusion due to sea level rise, erratic rainfall, flood, river bank erosion, drought, landslide and negative impacts on agricultural production have appeared as hindrances to achieving the targets of Vision 2021. Attaching highest importance to the issue, Bangladesh Climate Change Strategy and Action Plan (BCCSAP) 2009 was formulated. BCCSAP 2009 identified six thematic areas, namely (1) food security, social protection and health, (2) comprehensive disaster management, (3) infrastructure, (4) research and knowledge management, (5) mitigation and low-carbon development, and (6) capacity building and institutional strengthening.

Subsequently, in the fiscal year of 2009-10, Climate Change Trust Fund (CCTF) was created by the Government from its own resources to finance projects for implementation of BCCSAP 2009. The aim of these projects is to reduce the vulnerabilities caused by the adverse effects of climate change. To set up institutional arrangements for management of the Fund, Climate Change Trust Act, 2010 was enacted. Under the framework of this Act, Bangladesh Climate Change Trust (BCCT) was constituted.

The projects undertaken so far from CCTF include construction of embankments and river bank protective work, building cyclone resilient houses, excavation /re-excavation of canals, construction of water control infrastructures including regulators/sluice gates, waste management and drainage infrastructure, introduction and dissemination of stress tolerant crop varieties and seeds, afforestation, installation of solar panels and so on.

The government is committed to protect the countrymen from the hazards induced by climate change. To meet this end, the government is employing its earnest efforts in proper utilization of Climate Change Trust Fund as well as mobilizing finance from external sources.