To support climate action and ambitious Nationally Determined Contributions (NDCs) in Mongolia and Bangladesh, UNEP Copenhagen Climate Centre (UNEP-CCC) joined high-level and in-person meetings with Government and wider stakeholders to discuss and agree sector-specific investment opportunities.
In both countries, UNEP-CCC joined the meetings and workshops through the NDC Action Project, a project supporting 10 partner countries across the world, to help translate NDCs into concrete sector strategies and actions ready for financing and implementation, and to increase the ambition of their NDCs.
Finance for agriculture adaptation
Technologies for climate change adaptation are a priority for Mongolia, especially in the agricultural sector where farmers are on the front line and in need of support to help shift their practices in line with changing weather conditions and an increase in climate-related risks.
To support the efforts, a Climate Adaptation Financing workshop took place in Ulaanbaatar on 26 May to inform and involve key stakeholders related to climate financing for the agriculture sector. Policy and financing options were discussed for specific actions to modernize irrigation systems and increase forest cover.
The workshop opened with speeches delivered by Tserendulam Shagdarsuren, Director-General of the Climate Change Department in the Ministry of Environment and Tourism and Esun Erdene, Director-General of the Arable Farming Policy and Planning Department in the Ministry of Food, Agriculture and Light Industry.
In Mongolia meetings also took place with the Ministry of Finance and representatives of the Khan Bank and XAC Bank who expressed interest in the proposals being developed by the NDC Action project, where it will be necessary to leverage both public and private sources of capital investment.
Investments through technical institutes
In Bangladesh the NDC Action project was the focus of a high-level meeting on 1 June in Dhaka, with opening speeches were delivered by Dr. Farhina Ahmed, Secretary of the Ministry of Environment, Forest and Climate Change (MoEFCC) Dr. Abdul Hamid, Director General of the Department of Environment.
UNEP-CCC supports two National Technical Institutes (NTIs) in Bangladesh, who are driving forward the Government’s sector-specific investment plans. Nature Conservation Management (NACOM) is leading the mitigation-side work, with focus on strategies to scale up the use of renewable energy in the country’s Economic Zones. While BRAC is the NTI focusing on climate change resilience projects, including the definition of investment pathways for housing along the country’s cyclone vulnerable coastline.