An estimated 2,000 people migrate to Dhaka every day from rural areas. By 2050, cities in Bangladesh are expected to host 13.3 million people displaced by the effects of climate change.
People displaced by the impacts of climate change often end up living in informal settlements, with inadequate access to basic services such as health, livelihood opportunities, water supply and sanitation.
The Climate Bridge Fund is a trust fund established by BRAC in November 2019, with the support from the Government of Germany through KfW. The fund supports small-scale projects implemented by registered non-governmental organisations in Bangladesh to strengthen the resilience of people displaced or at the risk of being displaced as a result of climate change.
Number of awarded projects: 18
Total funding: Euro 21.935 million
Funding is often a big challenge for local organisations - who are often the closest to the communities affected by the impacts of climate change. The Climate Bridge Fund is helping local NGOs to support communities to adapt by bridging the funding gap. We are hoping some of these innovative projects will become proven scalable solutions that can be adapted across the global south to support internally displaced populations.
A holistic approach, engaging multi-stakeholders, to tackle climate change impacts has become crucial for Bangladesh, one of the worst affected countries by climate change. Climate Bridge Fund focuses on bridging the gap between local government authorities and local NGOs to ensure no measure remains stand-alone.
To build resilience and sustain changes, local organisations need to have the capacity to design and implement, with effective monitoring and evaluation in context of specific adaptation projects. The Climate Bridge Fund will contribute to that while also promoting community empowerment and ownership.
WHAT WE DO
CBF has two separate windows to support different types of adaptation and risk reduction activities.
The Climate Change Window supports climate-induced migrants of five priority areas (Barishal, Khulna, Rajshahi, Satkhira, and Sirajganj). The Emergency Response Window supports climate-induced migrants and other people living in vulnerable situations in the COVID-19 hotspots of the country.
CBF finances projects which intervene in the following areas, with a focus on urban locations, particularly slums which have a high share of climate-induced migrants.
WHERE WE WORK
HOW WE DO IT
Gender and socially inclusive
Bridging short-term to sustainable model
Generating knowledge and evidence
WHY IT WORKS
This is an endowment fund that responds to people's needs, which are identified by the community and then verified by the local government institutions. The projects' long-term viability is monitored, making them self-reliant with the direct involvement of the communities.
21 November 2021
Brac’s unique climate finance mechanism to be introduced in Africa: Asif Saleh
Published on: The Business Standard