Local Government, Rural Development and Cooperatives Minister Dr. Abdul Moyeen Khan has expressed concern over the lack of significant progress in global environmental protection efforts, saying wealthy countries have yet to adequately fulfill their responsibilities for addressing the impacts of climate change.<\/p>\n\n\n\n
\u201cAlthough the \u2018polluter pays\u2019 principle is central to addressing the impacts of climate change, it remains largely unfulfilled as wealthy countries have failed to meet their responsibilities,\u201d the minister said.<\/p>\n\n\n\n
He made the remarks as the chief guest at a national dialogue titled \u201cFrom Paris to Antalya: Reviewing Climate Finance for Nature,\u201d organised by Change Initiative at a hotel in Banani today.<\/p>\n\n\n\n
He said borrowing was not inherently problematic as long as the funds were used properly, adding that Bangladesh had maintained its loan repayment capacity despite borrowing over the years to finance development.<\/p>\n\n\n\n
Citing Germany\u2019s post-war reconstruction, he said borrowing could support long-term development if the funds were invested wisely and transparently.<\/p>\n\n\n\n
Dr. Moyeen Khan attributed the country\u2019s economic resilience partly to its informal economy, which he estimated accounted for 60 to 70 percent of the overall economy and supported millions of livelihoods.<\/p>\n\n\n\n
The minister also highlighted the challenge of balancing infrastructure development with environmental protection, noting that people expected roads, industries and other facilities alongside sustainable planning.<\/p>\n\n\n\n
He said the democratically elected government was open to recommendations from civil society representatives and experts to formulate policies that would serve the welfare of the people.<\/p>\n","protected":false},"excerpt":{"rendered":"
Local Government, Rural Development and Cooperatives Minister Dr. Abdul Moyeen Khan has expressed concern over the lack of significant progress in global environmental protection efforts, saying wealthy countries have yet to adequately fulfill their responsibilities for addressing the impacts of climate change. \u201cAlthough the \u2018polluter pays\u2019 principle is central to addressing the impacts of climate […]<\/p>\n","protected":false},"author":6,"featured_media":38459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,93],"tags":[49],"class_list":["post-38458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bangladesh","category-nationwide","tag-49"],"yoast_head":"\n