Foreign funding unlikely for non-green projects from July
Dhaka, March 5 -- Ongoing development projects, too, may fall into funding uncertainty as major foreign financiers are bound by global decarbonisation deal to cease financing non-green ones from this July.
No concern is in the offing, however, for the projects taken or planned with a green focus that contributes to carbon reduction--a university endorsed task to save the planet from climatic catastrophe.
The big financiers have already signed on the Paris Agreement-aligned guidelines for future investments geared towards greening in a development-paradigm shift under duress. As such, infrastructure specialists warn that no funding will be available for coal-and fossil-fuel projects from July onwards.
They alert that even though Banglad...
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