Climate change wiped out fifth of vulnerable countries’ wealth over last 2 decades – report V20 group of 55 economies reinforce demands for international funding for loss and damage

The Bangladesh Presidency of the Climate Vulnerable Forum (CVF) ended its two-year term, and passed the CVF Presidency to Ghana, in a ceremony held today. The CVF Presidency represents 55 of the most climate-threatened countries, in their global fight against the climate emergency.

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Statement by CVF Presidency Incoming Chair, H.E. Nana Akufo-Addo, Hon’ble President of Ghana

Ghana feels incredibly honored to accept this greater challenge to be the next CVF Presidency and represent the most vulnerable countries part of the CVF, and to build on all the great work which was done during the past 2 years of Bangladesh as CVF Chair.

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Statement by H.E. Dr. AK Abdul Momen MP, Hon’ble Foreign Minister of Bangladesh

Going forward, Bangladesh will continue to champion the CVF agenda on containing the global temperature rise to 1.5°C; on tangible delivery of the Paris Agreement commitments on financing and technology; on 50:50 financing between climate mitigation and adaptation; and, on additional financing mechanisms for loss and damage. We shall remain a lead proponent for addressing the plights of ‘climate migrants’ – the millions who get displaced due to sea level rise, floods, river erosion and droughts.

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CVF/V20 Presidency Handover Ceremony

The Bangladesh Presidency of the CVF/V20 ends its successful two-year term as it hands over to Ghana as new Incoming Presidency. The CVF Secretariat is working closely with the Ministry of Foreign Affairs, Ministry of Environment, Forest and Climate Change and the Ministry of Finance of the Bangladesh Government, with support of Ghana for the event.

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