http://www.thefinancialexpress-bd.com/more.php?news_id=95675

Climate change mitigation funding has becomes difficult for the vulnerable countries. Fund availability is far from adequate. Allocation principles, which very from country to country made decision making complicated. China, a G77 country, proposed for a manager for deciding on what basis the fund will be distributed. The Multi Donor Trust Fund (MDTF) also faces similar difficulties. It would be wiser for each vulnerable country to enhance its national capacity rather than depend on UN Fund for Climate Change (UNFCC).

Bangladesh already spent a significant part of its development budget on disaster and relief programme to address climate related risks. The government had to spend from its resources on adaptation measures due to uncertainty and inadequacy of the adaptation fund. It also created a climate change trend fund.
A recent Oxfam seminar discussed of all these issues as well as the implementation of Multi Donor Trust Fund. It called for a climate change funding over and above the existing ODA. In the follow up conference of the International Financial Institutions (IFIs) in Dhaka the developed countries stressed on the creation of a Multi Donor Trust fund (MDTF) for supporting Bangladesh to adapt to climate change. Climate change fund remains beyond the reach of most vulnerable countries.
Under the Copenhagen Accord the developed countries agreed to contribute $30 billion with no clear strategy on how they would disburse it. The developed economies also agreed to jointly mobilise $100 billion a year until 2020. In the past such commitments went unfulfilled. The non binding Copenhagen Accord makes it all the more slippery.
Vulnerable countries like Bangladesh should giver stress on then own national action plans.
The poor developing countries with negligible or no green house gas emission remain most vulnerable to climate change. Annual per capita carbon emission is estimated at a quarter of a tonne for Bangladesh, for the UK it is approaching 10 tonnes, and for the United States it is about 28 tonnes. Countries like Bangladesh did not cause the problem. But they have to face the consequences.
Countries like Bangladesh remain helpless. For climate change 70 million people in Bangladesh could be affected by floods each year, 8.0 million by droughts, and up to 8.0 per cent of its low-lying areas could under water, due to rising sea levels, by 2050.
Besides, saline infusion could affect its rice output. All this could happen within the lifetime of the children of the current generation. Towards the end of the current century, half of Bangladesh's coastal embankments could be breached by the rising sea. Should the sea rise by just 1.0 metre, a fifth of Bangladesh could go under water. In other words, an area 18 times the size of greater London would go under water. Where then the affected people would go for shelter and sustenance. All of it could happen within the lifetime of the grandchildren of the current generation. A recent study confirms that just 1.0m rise of the sea level would displace millions of people, and reduce national rice production by 16 per cent. It depicts a catastrophic picture for Bangladesh. Food security would at stake.
Bangladesh need to enhance its adaptation capabilities. For this an adaptation policy has been suggested. Funds for mitigation needs to be spent in a transparent manner for the best possible pollution central results. It called for coordinated efforts. The LDCs were hardly heard in the Copenhagen Summit. There is little possibility of reaching a consensus on the issue of climate financing. An acceptable legal framework is needed to ensure proper fund utilisation.