The government has formed a 25-member 'National Committee on Climate Finance (NCCF)' with Prime Minister Tarique Rahman as the chairman. The committee aims to bring climate finance, carbon credit, and carbon trading activities under an integrated and effective national framework. Environment, Forest and Climate Change Minister Abdul Awal Mintoo will serve as the vice-chairman, and Dr. Md. Saimum Parvez, Prime Minister's Special Assistant on Environment, Forest and Climate Change affairs, will act as the coordinator.
Committee Structure and Roles
The Secretary of the Ministry of Environment, Forest and Climate Change will serve as the member-secretary. Other key members include State Minister for Environment, Forest and Climate Change Shaikh Faridul Islam, Prime Minister's Special Assistant on Health Affairs SM Ziauddin Hyder, and Prime Minister's Adviser Mahdi Amin. The committee also comprises secretaries from various ministries such as Local Government Division, Ministry of Foreign Affairs, Economic Relations Division, and others.
Objectives and Functions
The high-level committee, formed under the direct leadership of the Prime Minister, will determine Bangladesh's national vision, goals, and strategic priorities on climate finance and carbon credits. It will provide overall policy guidance at the national level on carbon credits and climate finance, advise on the formulation, approval, and implementation of the national carbon credit and climate finance framework, and oversee the activities of the designated national authority for the implementation of Article 6 of the Paris Agreement.
Policy and Strategic Oversight
The committee will finalize policies, strategies, and guidelines related to climate finance; recommend necessary amendments and reforms to existing policy frameworks; maintain communication with bilateral and multilateral climate funds and international development partners; determine strategies for mobilizing finance; and monitor and evaluate the progress of relevant programs and projects. It will also oversee the activities of implementation and technical committees related to climate finance, review their reports, and provide necessary directions.
Meetings and Operational Details
According to the notification, the committee will hold meetings at least twice a year but may convene additional meetings if necessary. The committee may co-opt new members when required and became effective immediately upon issuance of the notification.
