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Globally and nationally, climate change is considered a threat to socio-economic advancement of people, their survival and livelihood, the reduction of their poverty and their overall security. The Global Climate Risk Index 2012 has identified Bangladesh, Myanmar and Honduras identified as being most susceptible to the effects if climate change in the next 20-years (Germanwatch, 2012). Different countries are spending significant amount for climate change adaptation. The Government of Bangladesh (GoB) has allocated US$340 million in the last four fiscal years to Bangladesh Climate Change Trust Fund (BCCTF) while Annex-I countries have pledged US$170 million to be mobilized through the Bangladesh Climate Change Resilience Fund (BCCRF) up to l June 2013. It is to be noted that there are significant gaps in the amount pledged by the polluter Annex-I countries and the actual amount approved or allocated against the pledge to countries vulnerable to climate change, like Bangladesh.

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