BUILD inks deal with BCAS for working on green growth


DHAKA, Nov 5, 2018 (BSS) – The Business Initiative Leading Development
(BUILD) today signed a Memorandum of Understanding (MoU) with Bangladesh
Centre for Advanced Studies (BCAS) to cooperate on an initiative for
conducting research and dialogue on green growth in Bangladesh.

BCAS Executive Director Dr Atiq Rahman and BUILD CEO Ferdaus Ara Begum
signed the agreement on behalf of their respective sides at a city hotel, a
BUILD press release said.

The joint initiative has been taken under the Climate Finance
Transparency Mechanism (CFTM) project with support from the Promoting
Knowledge for Accountable Systems (PROKAS) initiative under the British
Council and UKAID.

PROKAS Team Leader Jeffry Fox and Director of the Society of British
Council Shahnaz Karim were, among others, present at the signing ceremony.

In his opening remarks, Dr Atiq said the role of private sector is very
important for responding to the challenges of climate change, particularly
for mitigation and contributing to green growth in Bangladesh through energy
efficiency and renewable energy.

The partnership between the BCAS and the BUILD could identify the
opportunities for the private sector in the area of climate finance, he

Ferdaus Ara stressed conducting research and stakeholder dialogues to
sensitise the private sector in Bangladesh about green growth and Green
Climate Fund (GCF) under the United Nations Framework Convention on Climate
Change (UNFCCC).

She hoped that the complementary strengths of BCAS and BUILD could go a
long way in raising awareness and building capacity on the issues among the
private sectors and its actors.