The treaty, signed in 1996, expires next year, and there are unresolved issues with regards to water sharing arrangements. Both Bangladesh and India will need to negotiate a more thorough, equitable and climate-resilient deal.
There is scepticism around climate finance through private investments, and if private finance is to play a bigger role, policy reforms ahead of this year’s COP30 are needed. Alternatively, could the G20 or BRICS lead on climate finance?
Small island developing states may have no choice but to lead on climate action but they can no longer stand alone: everyone must join the fight to safeguard the planet for generations to come.
Public development banks must spearhead a systemic overhaul of global finance to ensure climate funding reaches the most vulnerable and accelerates the green transition.