'Mitigate climate change risk to save economy'


17 July, 2018 16:29 PM

'Mitigate climate change risk to save economy'

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Speakers at a seminar in the city have underscored the importance of taking an immediate step in order to save the economy by mitigating the climate change risks.

Noting that the economy of South Asian countries, including Bangladesh, are under threat due to the global warming, noted business leaders of this region stated that it is already affecting the world economy in unprecedented ways.

They urged the authorities concerned to take immediate measures in saving the region from the adverse impact of the climate change.

They made the call while attending a seminar titled 'A Climate Resilient South Asia: Turning Climate Smart Investment Opportunities into Reality' at a city hotel on Saturday. 

The event was jointly organized by Saarc Chamber of Commerce and Industry (Saarc CCI) and Federation of Bangladesh Chambers of Commerce and Industry (FBCCI). 

The business leaders also expressed their concern about the future generation of the Saarc (South Asian Association for Regional Cooperation) countries as failing to tackle the challenges of climate change risks will cast "serious consequences for the economic outlook."

They, therefore, highlighted the urgency of maintaining natural harmony and vowed to work together to face the challenges of climate change.

Forest, Environment and Climate Change Minister Anisul Islam Mahmud attended the programme as the chief guest while FBCCI President Md. Shafiul Islam (Mohiuddin) presided over the programme.

SCCI President Ruwan Edirisinghe, SCCI Vice President-Bangladesh Mahbubul Alam, SCCI Senior Vice President Iftikhar Ali Malik, and SCCI Vice President -Nepal Chandi Raj Dhakal also spoke on the occasion.

Addressing the event, Anisul Islam Mahmud said Bangladesh has already adopted effective preventive measures to face the risks as one of the vulnerable countries of South Asia. 

Noting that Bangladesh will also develop proper technology to face the challenges, the minister emphasized on necessary investment on agriculture research in the emerging situation.

Shafiul Islam (Mohiuddin) said that Climate change has emerged as one of the greatest developmental challenges for the 21st century.

"In the context of South Asia, one of the most climate vulnerable regions, climate change acts as a key driver of poverty and food security poses a major challenge. Bangladesh was the first country to set up its own Climate Change Trust Fund," he added.

The FBCCI chief mentioned that the business community has been working seriously in developing renewable energy, building green and environmentally friendly factories, developing economic zones incorporating the environmental conservation and waste management. 

"Seven among the top 10 LEED certified green factories are located in Bangladesh," he added. 

Two plenary sessions on ‘Climate Investment Potential, Threat or Opportunity for Private Sector’ and ‘People’s Agenda on Climate Change’ were also held followed by the inaugural session. Those sessions highlighted the challenges created due to climate changes.