Flood-prone Bangladesh will be receiving a technical assistance grant of $2 million USD from the Japan Special Fund from the Asian Development Bank (ADB) to enhance the capacity of government agencies to cope with the effects of climate change. The report addresses topics ranging from food security, disaster preparedness in the even of extreme weather, and other issues related to climate change, in a 10-year strategy and action plan.

Bangladesh, a low-lying delta and typhoon-prone location, is particularly vulnerable to the impacts of extreme weather, and projected warming trends threaten to increases the number and severity of violent tropical cyclones and storms in the region. Estimates of average sea levels rising by around 30 centimeters by 2050 would render approximately 14% of the country’s population highly vulnerable to flooding.

“This assistance will help put the country on a low carbon economic growth path, make it more climate-resilient and help strengthen its food and energy security,” said Zahir Ahmad, Project Implementation Officer for ADB’s Bangladesh mission.

The plan is slated to build up the Ministry of Environment and Forests’ and other government agencies’ adaptive capacity in dealing with complex climate change issues. It will support a number of new climate change mitigation and adaptation programs and projects, and establish initiatives designed to attract private sector business and key stakeholders to invest in clean energy projects eligible for carbon credits under the Kyoto Protocol’s Clean Development Mechanism.

ACT’s second set of policy recommendations, on Extreme Weather Events, is scheduled for release mid-April 2009.