The Fort Worth Press - 'Very humiliating': Bangladesh's Yunus seethes over climate cash fight

USD -
AED 3.673042
AFN 71.000368
ALL 87.350403
AMD 389.04246
ANG 1.80229
AOA 915.000367
ARS 1127.475104
AUD 1.558361
AWG 1.8
AZN 1.70397
BAM 1.738435
BBD 2.018337
BDT 121.453999
BGN 1.73572
BHD 0.376951
BIF 2932.5
BMD 1
BND 1.297726
BOB 6.907279
BRL 5.650604
BSD 0.999613
BTN 85.311254
BWP 13.553823
BYN 3.271247
BYR 19600
BZD 2.00792
CAD 1.39249
CDF 2872.000362
CHF 0.83092
CLF 0.024325
CLP 933.403912
CNY 7.237304
CNH 7.239385
COP 4237.5
CRC 507.357483
CUC 1
CUP 26.5
CVE 98.250394
CZK 22.16204
DJF 177.720393
DKK 6.62343
DOP 58.850393
DZD 133.019877
EGP 50.618604
ERN 15
ETB 132.903874
EUR 0.88782
FJD 2.28204
FKP 0.752798
GBP 0.75108
GEL 2.74504
GGP 0.752798
GHS 13.15039
GIP 0.752798
GMD 71.503851
GNF 8655.503848
GTQ 7.68865
GYD 209.738061
HKD 7.778304
HNL 25.840388
HRK 6.690388
HTG 130.545889
HUF 358.720388
IDR 16519
ILS 3.54512
IMP 0.752798
INR 85.41675
IQD 1310
IRR 42100.000352
ISK 130.440386
JEP 0.752798
JMD 158.892834
JOD 0.709304
JPY 145.17204
KES 129.503801
KGS 87.450384
KHR 4015.00035
KMF 436.503794
KPW 900.171963
KRW 1396.415039
KWD 0.30666
KYD 0.833015
KZT 515.881587
LAK 21610.000349
LBP 89600.000349
LKR 298.663609
LRD 199.503772
LSL 18.250381
LTL 2.95274
LVL 0.60489
LYD 5.435039
MAD 9.247535
MDL 17.132267
MGA 4465.000347
MKD 54.625523
MMK 2099.74514
MNT 3575.293465
MOP 8.008568
MRU 39.550379
MUR 45.710378
MVR 15.403739
MWK 1737.000345
MXN 19.48754
MYR 4.297039
MZN 63.910377
NAD 18.250377
NGN 1607.303725
NIO 36.475039
NOK 10.34765
NPR 136.497651
NZD 1.690274
OMR 0.384988
PAB 0.999604
PEN 3.641039
PGK 4.063039
PHP 55.360375
PKR 281.203701
PLN 3.758251
PYG 7991.751368
QAR 3.64075
RON 4.544204
RSD 104.183425
RUB 82.500078
RWF 1424
SAR 3.751027
SBD 8.343881
SCR 14.21386
SDG 600.503676
SEK 9.70075
SGD 1.297215
SHP 0.785843
SLE 22.750371
SLL 20969.483762
SOS 571.503662
SRD 36.702504
STD 20697.981008
SVC 8.746395
SYP 13004.570655
SZL 18.250369
THB 32.933504
TJS 10.345808
TMT 3.51
TND 3.01625
TOP 2.342104
TRY 38.748155
TTD 6.790839
TWD 30.167504
TZS 2697.503631
UAH 41.524787
UGX 3658.552845
UYU 41.785367
UZS 12885.000334
VES 92.71499
VND 25978.5
VUV 120.719299
WST 2.770593
XAF 583.049567
XAG 0.030509
XAU 0.000299
XCD 2.70255
XDR 0.718649
XOF 575.503595
XPF 106.450363
YER 244.450363
ZAR 18.234055
ZMK 9001.203587
ZMW 26.314503
ZWL 321.999592
  • RBGPF

    2.8600

    65.86

    +4.34%

  • RYCEF

    -0.1000

    10.5

    -0.95%

  • SCS

    -0.0200

    10.46

    -0.19%

  • BTI

    -1.6600

    41.64

    -3.99%

  • GSK

    -0.2500

    36.62

    -0.68%

  • BP

    1.1800

    29.77

    +3.96%

  • CMSC

    -0.0500

    22.06

    -0.23%

  • NGG

    0.5100

    70.69

    +0.72%

  • RIO

    0.8000

    59.98

    +1.33%

  • BCC

    -0.9600

    88.62

    -1.08%

  • RELX

    0.3486

    53.85

    +0.65%

  • JRI

    0.0300

    12.98

    +0.23%

  • VOD

    0.0500

    9.3

    +0.54%

  • BCE

    0.4800

    22.71

    +2.11%

  • CMSD

    0.0100

    22.34

    +0.04%

  • AZN

    0.2700

    67.57

    +0.4%

'Very humiliating': Bangladesh's Yunus seethes over climate cash fight
'Very humiliating': Bangladesh's Yunus seethes over climate cash fight / Photo: © AFP

'Very humiliating': Bangladesh's Yunus seethes over climate cash fight

In the three months since becoming Bangladesh's interim leader following a student-led revolution, Muhammad Yunus has endured political turmoil, impatient cries for elections, and destructive flooding across the low-lying nation.

Text size:

Now, the Nobel Peace Prize winner has been thrust into a brawl over money to help poorer countries deal with climate change -- and he is not pleased about it.

The 84-year-old micro-finance pioneer, who took over after the toppling of autocratic leader Sheikh Hasina in August, likened the haggling at the UN COP29 climate summit to a "fish market".

"I think that's very humiliating, for nations to come and ask for money to fix... (the) problem that others caused for them," Yunus told AFP in an interview in Azerbaijan, which is hosting the talks.

"Why should we be dragged here to negotiate? You know the problem."

Nations hope to land a deal at COP29 that boosts funding for climate action in developing nations like Bangladesh, which are least responsible for global warming, but most at its mercy.

Some want $1 trillion a year to cover the enormous cost of shifting their economies to clean energy, and adapting to ever-more erratic and extreme weather.

But rich countries -- whose rise to prosperity and associated carbon emissions have driven global warming -- are reluctant to commit such large sums and want others to chip in.

The talks have hit a wall, frustrating leaders of climate-imperilled nations who left behind populations in dire straits to travel to Baku.

Among them is Yunus, who said his riverine homeland had been smashed by six punishing floods -- "each one worse than the previous" -- in the short time since he took over.

Hundreds of thousands of people were forced into emergency shelters in the floods, which also destroyed rice crops.

- 'You figure it out' -

Bangladesh is among the world's most vulnerable nations to climate change, with large areas made up of deltas where the Ganges and the Brahmaputra rivers wind towards the sea.

The country of 170 million is particularly at risk of devastating floods and cyclones -- disasters that only stand to accelerate as the planet keeps warming.

Yunus said it was "not a secret" that rich nations would have to help poorer ones adapt and they should "figure out how much is needed -- not me".

"This is not something we are demanding out of your generosity. We're asking because you are the cause of this problem," he said bluntly.

Yunus said juggling a peaceful democratic transition and a floods response was "difficult" enough and adding a flight to Baku to feud over climate finance didn't help.

Impatience for elections in Bangladesh has gained pace since Hasina's ouster, and the silver-haired technocrat said he shared concerns for peace and security in the nation of 170 million.

A free and fair vote would come as promised, he said, but the speed of democratic reforms "will decide how quick the election will be".

He wouldn't offer a date or timeline, but said the caretaker administration was hoping to build "a quick consensus".

"We are the interim government, so our period should be as short as possible," he said.

W.Lane--TFWP