climate finance - Muslim Climate Watch https://muslimclimatewatch.com/tag/climate-finance/ Unveiling Climate Injustice, Amplifying Muslim Perspectives Fighting Together for Climate Justice Mon, 29 Jan 2024 00:16:25 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.1 https://muslimclimatewatch.com/wp-content/uploads/2023/03/cropped-Logo-without-text-svg1-32x32.png climate finance - Muslim Climate Watch https://muslimclimatewatch.com/tag/climate-finance/ 32 32 How Gender-Responsive Climate Finance Empowers Bangladesh’s Women https://muslimclimatewatch.com/bangladesh-gender-responsive-climate-finance/ Thu, 28 Sep 2023 19:00:12 +0000 https://muslimclimatewatch.com/?p=1489 Rich nations must prioritize the needs of Bangladesh's resilient women through gender-informed climate finance systems to break the shackles of climate debt and injustice.

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Climate change has proven to be devastating for Bangladesh. With a sub-tropical monsoon climate, Bangladesh experiences annual seasonal flooding from June to September. This natural phenomenon, though challenging, is vital for the country’s ecosystem and economy. However, global warming is changing the region’s landscape. Rising sea levels, extreme natural disasters, and an increase in soil salinity all pose hardships for the agricultural community.

Women in Bangladesh, however, are particularly vulnerable given their lack of financial capacity to become climate resilient. This is in part due to insufficient foreign climate finance – finance drawn from international private, public and alternative sources to support climate change mitigation and adaptation efforts. Fundamental flaws within the current climate finance model systematically trap poor people, in particular women, in a cycle of debt. Bangladesh’s women contribute significantly to the country’s food security, constituting more than 70% of the country’s agriculture sector. Climate justice for Bangladesh must include empowering its women by establishing a grants-based climate finance system that is informed through a gender-equity lens.

In 2009, industrialized nations promised to collectively provide $100 billion USD annually to developing nations for climate adaptation and mitigation. This commitment has gone mainly unmet. A report by Oxfam estimates that between 2019-20, 73% of climate finance provided by rich nations was in the form of loans, with a significant amount (42%) of high-interest, non-concessional loans. Consequently, rural Bangladeshi families spend more than $2 billion USD every year on climate adaptation. With COP 28 commencing this week in the United Arab Emirates, rich nations must prioritize the urgent provision of gender-equitable climate finance to developing nations bearing the brunt of the climate crisis, in particular Bangladesh, to avert serious implications of loss and damage.

Bangladesh’s Women Fighting Climate Change

Climate adaptation is costly. Despite Bangladesh’s minimal carbon emissions, her people are forced to take out loans to cope with an ecological crisis they did not cause. Given the severe consequences of the changing climate, Bangladeshi farmers are looking for alternatives to continue earning livelihoods. This even includes farming saline-tolerant shrimp instead of traditional rice and vegetable varieties. However, converting rice paddies or other crop fields to aquaculture is expensive and complicated, especially for women, given their limited financial capacity. 

Despite these challenges, Bangladeshi women are fighting back with resilience. Shefali Begum, a resourceful Bangladeshi woman from Sundarbans in the southwest of Bangladesh, devised a creative technique to deal with excessive moisture and soil salinity in her area region. Her method involved setting up cement rings in areas with high moisture levels which were then filled with salt-free soil enriched with organic waste. This technique helped regulate water levels, preventing the crops from drying up or becoming excessively inundated. 

Many Bangladeshi women have contributed to the revival of an age-old traditional cultivation method known as Baira, which involves the creation of floating vegetable gardens made of buoyant hyacinth, paddy stalks, and other weeds. They use these materials to construct rafts or organic beds, beating them into shape and forming floating gardens. These gardens are then placed in flooded parts of the villages, taking advantage of the rising water levels. 

Colonial Legacy & Dismantling of the Waqf System

The irony lies in the historical colonial exploitation of the Indian subcontinent, including today’s Bangladesh, where Britain plundered almost $45 trillion between 1765 and 1938. This history of colonial resource depletion is further exacerbated today through a brutal system of climate finance comprised primarily of high-interest, non-concessional loans. The result is a perpetual cycle of gendered economic inequity amongst climate-vulnerable Bangladeshi women who spend double their average incomes compared to men to protect themselves from global warming.

The harmful legacy of colonialism has also unravelled on another front. Before the colonization of the Indian subcontinent, the Islamic system of Waqf served as a critical instrument of poverty alleviation in Bangladesh—whereby property was donated in perpetuity for charitable objectives and community interests such as agriculture, education, and healthcare. Waqf not only contributed towards human welfare but also preserved nature while doing so, given its core principles of sustainable development, green economy, and green finance. 

With the arrival of British colonial rule in the mid-18th century, controlling land and property became a central concern for colonial authorities, resulting in a series of changes that led to the dismantling of the Waqf system that thrived before colonization. This colonial injustice adversely impacts climate-vulnerable Bangladeshi women and families who would have previously benefitted from the Waqf system; instead, today, they have to rely on high-interest loans to protect themselves from climate change.

The Urgent Need for Gender-Informed Climate Finance

Another aggravating aspect of the current system of climate finance is its lack of gender-informed objectives required to ensure gender equity and women-empowerment for just and inclusive climate action. In some cases, climate finance harms communities instead of benefitting them by increasing their debt burdens, tragically leading to incidents of suicide of indebted beneficiaries.

To fulfill the urgent need for just climate action, a paradigm shift is necessary for climate finance. Communities and people are being forced into debt to recover from a climate crisis they did not start. Industrialized countries must adopt a fairer approach to climate finance: reparations-based, comprising grants and gender-equal. Additionally, climate finance for Bangladesh must propel gender equity and women’s empowerment as its core objective; expanding Bangladeshi women’s access to equitable financial resources will increase agricultural production and food security in their communities and advance their urgently needed contributions toward climate resilience.

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Bangladesh’s Climate Challenges & Solutions https://muslimclimatewatch.com/bangladesh-climate-emergency/ Wed, 12 Jul 2023 21:23:32 +0000 https://muslimclimatewatch.com/?p=848 Bangladesh is located to the East of India on the Bay of Bengal. It is one of the most densely populated countries in the world with a population of 169.4 million people, with a third of its inhabitants living by the coast. Lying only 15 feet above sea level, Bangladesh is experiencing extreme impacts of […]

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Bangladesh is located to the East of India on the Bay of Bengal. It is one of the most densely populated countries in the world with a population of 169.4 million people, with a third of its inhabitants living by the coast. Lying only 15 feet above sea level, Bangladesh is experiencing extreme impacts of climate change including high susceptibility to violent floods, high temperatures, landslides, intense storms and cyclones. As a result of Bangladesh’s climate challenges, people across the country are facing high levels of internal displacement, food insecurity, and mortality rates. As a tropical country, it is also prone to cyclones and higher temperatures with their frequency and intensity exacerbated by climate change.

Read More: How Gender-Responsive Climate Finance Empowers Bangladesh’s Women

Ranked among the 10 countries most vulnerable to climate change, despite emitting only about 0.5% of global emissions, Bangladesh has suffered losses worth $3.72 billion and witnessed 185 extreme weather events due to climate change between 2000 to 2019. According to the World Bank, average tropical cyclones cost the country $1 billion (USD) annually.

High Rates of Disaster Displacement 

One estimate shows that by 2050, one in every seven people in Bangladesh will be displaced by climate change. Additionally, Bangladesh may lose approximately 11% of its land due to sea-level rise by 2050 and in turn risk displacement of up to 18 million people. This is already evident through the recent displacement of over 7.1 million people in 2021 due to climate disasters. 

Given these threats, some experts have warned the largest mass migration in human history has already started in Bangladesh due to the worsening impacts of climate change, with a risk of displacing up to 50 million people by 2100 due to sea-level rise.

Bangladesh’s Ingenious Early Warning System

Despite being a victim of climate injustice, Bangladesh is fighting back with resilience instead of fixating on doom and gloom. The country has taken several steps to instill high levels of climate awareness in its people, making the country’s social capital its biggest asset in fighting back, including an organized human chain of communication to relay threats of flooding whereby frontline community members periodically monitor the rise in water level across the country and report back to the country’s flood monitoring center. This system has saved thousands of lives in the events of flooding.


References

  • The Climate Reality Project. (2021). How the climate crisis is impacting Bangladesh. Article.
  • The World Bank. (2022). Urgent Climate Action Crucial for Bangladesh to Sustain Strong Growth. Article.
  • The World Bank. (2021). Climate Change Knowledge Portal, Bangladesh. Webpage.
  • GermanWatch. (2021). Global Climate Risk Index 2021. Report.
  • Anadolu Agency. (2022). Climate change displaced millions of Bangladeshis in 2022: WHO. Article.
  • NPR. (2023). Facing floods: What the world can learn from Bangladesh’s climate solutions. Articles.

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