Dhaka, Nov. 11 -- Bangladesh organised a side event at COP31 on Tuesday to call for predictable, grant-based climate finance that matches the scale of the needs in the Global South.

The session, held at the Bangladesh Jute Pavilion in the Green Zone, was organised by the Ministry of Foreign Affairs in collaboration with its partners.

Speakers said the New Collective Quantified Goal agreed at COP29 sets a floor of USD 300 billion a year by 2035 from developed countries, within a wider ambition of USD 1.3 trillion, and that adaptation finance is to be at least tripled. Their concern was delivery. Adaptation needs in developing countries are estimated at around USD 305 billion annually by 2035, while public provision is roughly one-tenth o...