To accelerate the present domestic initiatives to adapt to climate change and secure the lives and livelihoods of people, the government has allocated nearly US$400 million to the Bangladesh Climate Change Trust Fund (BCCTF). Annual Global Climate Report. In the last five decades, the region has experienced an average per-decade rise of 0.1–0.3 degree Celsius in temperature. United Nations. This poses a danger to downstream agriculture and leads to food insecurity, public infrastructure damage, and poverty. The consistent economic growth in India has been an important factor that has contributed towards the decline in poverty. With increasing GHG emissions, over 80 percent of Bangladesh’s population is potentially exposed to floods, earthquakes and droughts, and about 70 percent to cyclones. 31 Annual. Ensuring stability and sustainable development of the bay. [1] Climate change is one of the most significant challenges for the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) member states. They are steadily increasing its exports of clothing and textiles, spices and rice. BIMSTEC has prioritized 14 areas, major of them are trade, tourism, technology, climate change, disaster management and countering terrorism. 2019. [23] Emissions Database for Global Atmospheric Research, op.cit. Prior to the conference, developed and developing countries made their national post-2020 climate-action commitments, called the Intended Nationally Determined Contributions (INDCs). Philippines: Asian Development Bank. [37] In 2017, about 33 percent of its total emissions originated from the power and energy sector and 24 percent from the transport sector (see Table 2). Neighborhood First - primacy to the country’s immediate periphery; Act East - connect India with Southeast Asia; and; Economic development of India’s northeastern states – by linking them to the Bay of Bengal region via Bangladesh and Myanmar. [33] Emissions Database for Global Atmospheric Research, op.cit. By 2030, Sri Lanka aims to reduce the GHG emissions against the BAU scenario, by 20 percent in the energy sector, four percent unconditionally and 16 percent conditionally; and by 10 percent in other sectors (transport, industry, forests and waste), three percent unconditionally and seven percent conditionally. ORF research and analyses now available on Telegram! Allows India to counter China’s creeping influence in countries around the Bay of Bengal due to the spread of its Belt and Road Initiative. Between the two groups of extremes—India and Thailand on the high end and Bhutan and Nepal on the low end—lie Bangladesh, Sri Lanka and Myanmar, with moderate occurrences of extreme events, deaths and economic losses. Political and regional stability by creating peace and security in the area. Climate change has the potential to hamper progress towards SDGs, such as poverty eradication, zero hunger, health, water, clean energy, infrastructure, economic growth, sustainable cities and the overall well-being of human society. The 5 t h edition of BIMSTEC Summit 2020 will be hosted in Colombo, Sri Lanka. It is predicted that the region will experience a sea-level rise of 30–45 cm by 2050,[17] leading to a loss of more than one-tenth of its land surface and the internal migration of 10–30 million people.[18]. [7], Weather variations and climate change due to global warming have caused severe economic damage and loss of lives. BIMSTEC HISTORY. Finden Sie Hohe Qualität Bistec Uhr Hersteller Bistec Uhr Lieferanten und Bistec Uhr Produkte zum besten Preis auf Alibaba.com [34] Nepal also experiences droughts, which are slow and widespread and affect farming, leading to food deficits. Table 2: Sources of CO2 Emission by Country and Sector (in Megatons), 2017. BBS. [10] The three criteria are Gross National Income, Economic Vulnerability Index and Human Asset Index. It offers recommendations, including trans-boundary action and collaboration. The Global Economy. Slump in oil prices increased the growth of all the countries because all of them are emerging economies and have low or negligible oil production. management of chemicals and all wastes throughout their life cycle, in accordance with agreed international frameworks, and significantly reduce their release to air, Climate change is cross-border in nature and solutions also must be. Push to India’s efforts for exploring the blue economy and maritime security. 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