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Sunday | November 15, 2026 | Dhaka
COP-31 Conference

Climate fund to boost coastal protection

Bangladesh secures maximum Tk374cr allocation under ARISE
 Staff Reporter
 Published: 12:01 AM, 14 November 2026

Bangladesh’s push for climate justice and greater financial support for vulnerable communities has received a boost, with the country set to secure Tk374.18 crore under the first phase of a new international climate financing initiative to strengthen coastal protection and restore mangrove forests.

The maximum allocation will come from the Climate Investment Funds (CIF), which is financed by developed countries to help address the impacts of climate change.

The funding will be provided under its new initiative, Adaptation and Resilience Investment for Sustainable Environments (ARISE).

Prime Minister’s Special Assistant on Environment, Forest and Climate Change Dr Saimum Parvez disclosed the development on Friday in a message from the ongoing COP31 climate conference in Antalya, Turkey.

He said the funding would primarily benefit people living in Bangladesh’s coastal regions by strengthening coastal defence systems, restoring mangrove forests and improving the living standards and adaptive capacity of marginalised communities exposed to climate risks.

Dr Saimum attributed the achievement to the Prime Minister’s leadership and the government’s diplomatic efforts, saying the allocation reflected its determination to secure Bangladesh’s rightful share of international climate finance as one of the countries most vulnerable to climate change.

He said the government would continue working towards building a green, safe and climate-resilient Bangladesh under the Prime Minister’s leadership.

Bangladesh’s coastal areas face growing threats from rising sea levels, cyclones, tidal surges, saltwater intrusion and coastal erosion.

These hazards are increasingly threatening livelihoods, settlements and ecosystems, making adaptation financing essential to protecting vulnerable communities.

Against this backdrop, the ARISE funding is expected to create new opportunities to strengthen coastal defences, restore natural barriers and improve the resilience of communities bearing the brunt of climate change.

The allocation also comes amid Bangladesh’s continued calls at international climate negotiations for adequate and accessible climate finance, particularly grants and support for adaptation, from developed countries whose historical emissions have contributed significantly to global warming.