Dhaka: The adaptation costs from the increased risks of cyclones and inland monsoon floods in a changing climate in Bangladesh will be approximately US$5.7 billion by 2050, says a new World Bank report.

EU nations should pledge that funds from paying for airline emissions will help poor countries deal with global warming, the bloc's climate chief said on Tuesday, after finance ministers stopped short of a firm commitment.

Crisis in Greece and the euro-zone topped the agenda at the ministers' talks in Brussels, but they also agreed to text on climate funding, which only promised hard cash until the end of the year.

Green and right activists on Thursday demanded an end of World Bank’s role in the management of Bangladesh Climate Change Resilience Fund by 2013.
They expressed their concern that the government was trying to extend the time by five more years to 2018 for management of BCCRF by WB and demanded establishment of an independent body to manage the fund transparently.
They urged to form a democratic ownership of all climate fund managements by enlisting representatives from both ruling and opposition parties, civil society groups, media persons and affected people.

EU nations have yet to come up with a plan on how to fill a multi-billion euro fund to help tackle climate change, even as the region's executive body hosts talks with countries likely to bear the brunt of extreme weather.

The European Union recommitted to providing 7.2 billion euros ($9.4 billion) for the fund over 2010-12, according to draft conclusions seen by Reuters ahead of a meeting of EU finance ministers next week.

Why should the World Bank handle international fund for infrastructure building and such other disaster mitigations making Bangladesh dependent on its various hassles? World Bank, fiduciary manager for Bangladesh Climate Change Resilience Fund (BCCRF) on Monday came under fire at an independent watchdog body's opinion sharing meeting for allegedly dilly dallying the climate fund release even after two years of its creation.

The World Bank, fiduciary manager of Bangladesh Climate Change Resilience Fund, Monday came under fire at an independent watchdog body’s exchange of views for allegedly dillydallying the climate fund release even after two years of its creation.
Leaders of civil society, climate experts pointed out that the bank had failed to release the BCCRF money for infrastructure development in the areas hit by climatic disorder like cyclones and floods.

European Union ambassadors failed to resolve a dispute over the allocation of seats on the United Nations' Green Climate Fund (GCF) board on Friday, possibly undermining the bloc's credibility in international climate talks.

The EU envoys were meeting for the second time in a week to decide which European nations will be represented on the governing board. This has 12 seats for developing countries and another 12 for developed countries.

European Union ambassadors failed to resolve a dispute over the allocation of seats on the United Nations' Green Climate Fund (GCF) board on Friday, possibly undermining the bloc's credibility in international climate talks.

The EU envoys were meeting for the second time in a week to decide which European nations will be represented on the governing board. This has 12 seats for developing countries and another 12 for developed countries.