PM Seeks Grants, Not Loans, to Combat Climate Change Impacts

From the report

Prime Minister Tarique Rahman has called for grants instead of new loans for vulnerable developing countries to combat the damage caused by climate change. He also put forward a five-point proposal, including allocating at least 50% of international climate finance to adaptation efforts and ensuring a just energy transition.

The Prime Minister presented these proposals in his address at the high-level session of COP-31, the UN Climate Change Conference, held in Antalya, Turkey, on Thursday (November 12).

Tarique Rahman stated that developing countries are facing extensive damages due to climate change, while also experiencing increasing pressure from debt repayments. In this situation, climate-vulnerable countries require reliable financial assistance, access to modern technology, and adequate support for adaptation activities.