Private sector can play important role in responding to the challenges of climate change, particularly for mitigation and contributing to green growth in Bangladesh through energy efficiency and renewable energy.
An effective and strong collaboration with government agencies and development partners can help the private sector explore the ways of mitigating climate change issues through mobilising climate finance.
Speakers made the observations at a programme on signing a memorandum of understanding (MoU) to cooperate on an initiative for conducting research and dialogue on green growth in Bangladesh. The Bangladesh Centre for Advanced Studies (BCAS) and Business Initiative Leading Development (BUILD) signed the MoU at Canary Park Hotel at Gulshan in Dhaka on Monday.
The joint initiative was undertaken as part of the Climate Finance Transparency Mechanism (CFTM) project supported by the Promoting Knowledge for Accountable Systems (PROKAS) under the British Council and UKAID.
Dr. Atiq Rahman, executive director of BCAS, Ferdaus Ara Begum, CEO of BUILD signed the MOU on behalf of the respective organisations. Jeffry Fox, team leader of PROKAS and Shahnaz Karim, director, Society of British Council were present in the signing ceremony.
Other senior level officials of BCAS and BUILD attended the MoU signing ceremony.
Shahnaz Karim underscored the significance of the initiative and collaboration.
Ferdaus Ara Begum noted the importance of holding research and stakeholder dialogue to sensitize the private sector in Bangladesh about green growth and green climate fund (GCF) under the UNFCCC. She expressed the hope that the complementary strengths of BCAS and BUILD could go a long way in raising awareness and building capacity on the issues among the private sectors and actors.