Don't let the World Bank to Manage Climate Fund

1. Don't let the World Bank to Manage Climate Fund People around the Globe Don’t Want to See WB’s Involvement in MDTF : We Bangladeshi’s also

2. Bali Action plan and Climate Financing 13th Conference of the Parties held in Bali in Dec 2007 adopted an action plan for future negotiation; these are… Reduction of Carbon Emission Emission Balance Emission Trading, Carbon Store Clean Dev. Mechanism New Energy Sources Technology Transfer Adaptation to the adverse climatic events www.equitybd.org

3. Agreed Structure of Adaptation Fund at UNFCCC Bali meeting agreed for separate AF Board, independent from the GEF The organization set-up of the AF also different from that of other UN funds; Vulnerable countries will get direct access to that fund without having involvement of the World Bank, UNDP etc. !!!: This news does not seem to have reached 1818 H Street in Washington, the headquarters of both the WB and GEF, even not been considered by the G8 leaders. www.equitybd.org

4. MDTF: Disparity with UNFCCC Adaptation Fund MDTF is a parallel structure of mobilization and disbursement of climate finance under UNFCCC Will bypass existing multilateral negotiations of establishing adaptation fund under the UNFCCC. This ‘new and additional financial resources’ would divert of any existing or likely resources, Substantial part of the MDTF will be counted as ODA by donor countries, especially of the UK/G8 www.equitybd.org

5. MDTF: How it Get Started In March 2008 UK/DFID organized a consultation in Dhaka ‘UK-Bangladesh Climate Conference’ This conference proposed a Multi Donor Trust Fund for climate change adaptation in Bangladesh The 2nd UK-Bangladesh Climate Conference held in London in September 2008. Bangladesh government presented ‘Climate Change Strategy and Action Plan for Bangladesh www.equitybd.org

6. MDTF: Proposed Management There will have a separate governing committee called the ‘Trust Fund Committee’ made up of contributors to fund. Trust Fund Committee will be responsible for overall governance, strategic decisions and resource allocation of each trust fund. UK government proposed the WB to manage this fund; Bangladesh government also accepted WB’s managerial role to the proposed fund Context : To get access to this fund Country has to show progress in the implementation of PRS and other development planning www.equitybd.org

7. IFI’s Investment on CCDouble Standard & Hypocritical IFI’s, major investment is in energy sector; exploration of fossil fuel & exporting to the Northern countries From 1992 Earth Summit to 2004, the WB Group approved USD 11 b in 128 fossil fuel extraction projects in 45 countries- which contribute over 43 b tons of carbon Now IFIs are trying to ‘mask their dirty image’ through supporting country’s adaptation projects/ strategies. www.equitybd.org

8. Our PositionNO to IFIs in Climate Financing Globally the IFIs ; the IMF, the WB, ADB, other regional banks, northern governments etc. desperately engaged in fossil fuel exploration & creating huge environmental loss, economic loss and corruption.Example NIKO, Occidental gas-fields blow-out in Bangladesh ALL THESE SHOULD PAY BACK www.equitybd.org

9. ?...... Again, part of the MDTF will be providing as ODA, which is against the UNFCCC’s funding guideline This fund also would be as loan/grants; this means that the recipient countries will have to pay for dealing with a problem that has been caused by developed countries ! Why should LDCs and developing countries seek Bank’s Adaptation/Climate Resilience Pilot Fund as concessional loans as today’s climate crisis and sufferings of the poor countries are largely created by rich countries in the first place. ..............? www.equitybd.org

10. ?...... The UK government offered 75 m pound sterling to MDTF for a 5 year period ( 60 m as Grant, 12 as DFID financed development projects and 3 m for Research) Bangladesh government will contribute 45 pound sterling to MDTF in a year ( 2008-2009); Why Bangladesh government would contribute to the MDTF; while it is clearly stated that climate financing will be based on ‘polluter pay exploiter pay’ principle. www.equitybd.org

11. Our Position Climate financing must be based on ‘polluter pay exploiter pay’ principle. Bangladesh government should not contribute to MDTF rather should increase financing in the public service sectors World Bank should not be involved in the management of MDTF www.equitybd.org

12. Campaign in Favor of Our Position Formation of Campaign Alliance with other like-minded organization in national and international level;Campaign activity includes Sending post cards to the Chief Adviser to the government of Bangladesh and to the UK minister Internet and Web Campaign to mobilize international NGO/CSOs National/ district level seminar to sensitize NGO/CSOs and political opinion www.equitybd.org

13. Campaign Outcome Raised people’s opinion against the involvement of the WB in the management of MDTF both in national and international level. Political party leaders made commitment to take position against WB’s role National/ Intl CSOs took strong position against the WB’s such role. www.equitybd.org

14. Signature CampaignGolam Motuza Editor, The Saptahiki Signature CampaignAdvocate Sultana Kamal; Ex Adviser to the Care Taker Government of Bangladesh www.equitybd.org

15. Signature CampaignShuvo Kibria Special Correspondent The Saptahiki Signature CampaignHasan Imam; Eminent Cultural personality www.equitybd.org

16. Signature CampaignFaruk Ahmed Special Correspondent Bangladesh Sangbad Sangtha Signature CampaignDr Alauddin Ali Ex-MP and Law Maker Bangladesh Awami League www.equitybd.org

17. Signature CampaignMinar Mansur Staff Reporter The Daily Ittefaq Signature CampaignSamsuzzaman Dudu Ex-MP and Law Maker Bangladesh Nationalist Party www.equitybd.org

18. Thank You All www.equitybd.org