Bangladesh Prime Minister Sheikh Hasina has called on developed countries to immediately formulate an ambitious action plan to reduce carbon emissions She said this at the Virtual Leaders Summit hosted by the President of the United States on Thursday (April 22 ) 'Developed countries must immediately formulate an ambitious action plan to reduce carbon emissions to keep global warming to 1.

5 ° C '.

Stressing the need for collective efforts to address climate issues, Bangladesh Prime Minister Sheikh Hasina said that the COVID-19 pandemic has taught us that only strong collective efforts can address the global crisis The Prime Minister noted that as the President of the Climate Vulnerable Forum - CVF (Climate Vulnerable Forum) and V20 (Vulnerable Twenty), Bangladesh's main goal is to uphold the interests of climate vulnerable countries.

She also said that the South Asia Regional Office of the Global Centre on Adaptation is in Bangladesh Bangladesh is promoting climate change adaptation locally The Prime Minister said that she would like to make some more suggestions in this regard as a responsible member of COP and as the Chair of CVF.

As a second suggestion, she said, "The annual target of a 100 billion USD fund must be ensured, which will ensure a 50: 50 balance between adaptation and mitigation ".

The fund will focus on addressing climate change-vulnerable communities "The third suggestion of the prime minister is to" give major economies, international financial institutions and the private sector a special dispensation to invest in climate finance, along with innovations to address climate change "She said in the latest suggestion," Focus on green economy and carbon mitigation technologies.

Technology will have to be exchanged between countries for this purpose "Hasina thanked President Biden for hosting the summit and inviting her to the event.

The Prime Minister said Bangladesh deeply appreciates the United States for returning to the Paris Climate Agreement and is willing to work with the international community She said that despite being a climate vulnerable and resource limited country, Bangladesh has emerged as a global leader in adaptation and mitigation In this regard, she added,'Every year, we spend about 2.

50% of our GDP or about US $5 billion on various initiatives to build sustainable climate resilient systems to deal with climate change-related disasters We have hosted about 1 1 million forcibly displaced Rohingyas from Myanmar This has made our neighbourhood more vulnerable '.

Prime Minister Sheikh Hasina said,'We have included new sectors along with existing energy, industrial and transport sectors in our Nationally Determined Contributions (NDCs) and in taking sustainable actions to withstand climate change We have thus taken steps to reduce carbon We also have plans to introduce ambitious NDCs by 2021.

'The Bangladesh Prime Minister said that Bangladesh is celebrating'Mujib Borsho ', the birth centenary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman She said,'We have planned to plant 30 million saplings nationwide and are taking plans to formulate'Mujib Climate Prosperity Plan'to achieve low-carbon economic growth '.

The 39 Heads of State and Government who are scheduled to attend the Summit include Saudi King Salman bin Abdulaziz Al Saud, Russian President Vladimir Putin, Chinese President Xi Jinping, German Chancellor Angela Merkel, French President Emmanuel Macron, UAE President Sheikh Khalifa bin Zayed Al Nahyan, Argentine President Alberto Fernández, Turkish President Recep Tayyip Erdoğan, British Prime Minister Boris Johnson, Canadian Prime Minister Justin Trudeau, Indian Prime Minister Narendra Modi, Japanese Prime Minister Yoshihide Suga, Italian Prime Minister Mario Draghi, Australian Prime Minister Scott Morrison, New Zealand Prime Minister Jacinda Ardern, and Spanish Prime Minister Pedro Sánchez.