Climate-related allocations have increased in the power, energy and mineral resources sectors This information was found in the analysis of the budget report for the fiscal year 2024-25 on climate finance for sustainable development
According to the data of the report, the climate related allocation of the power department has increased by 1.83 times from the financial year 2020-21 to 2024-25. In the financial year 2020-21, the climate-related allocation of this department was 127.06 million taka, which increased to 2214.88 million taka in the financial year 2024-25. That is, in the fiscal year 2020-21, which was 4.86 percent, it has increased to 7.58 percent in the fiscal year 2024-25.
In addition, the budget analysis from FY2021-21 to FY2024-25 shows that climate-related allocations for FY2024-25 have increased significantly compared to previous years.
The amount of climate related allocation increased from 107.29 crores in the financial year 2024-21 to 127.48 crores in the financial year 2024-25. It is 11.73 percent as a percentage of climate related allocation against the total budget of the Ministry, which is the highest
Actual climate-related expenditure was 71.79 percent of the revised budget in FY 2022-21, which increased to 78.42 percent in FY 2022-23.
According to the report, the Bangladesh Climate Change Strategy and Action Plan (BCCSAP) for the fiscal year 2024-25 has the highest climate-related allocation both in terms of amount and percentage in the promotion and low-carbon development thematic areas, which are Tk 125.63 crore and Tk 98.00 crore respectively. 55 percent
NS/MKR
