Who owes whom in the international economy? jointly organized by EquityBD, JS-APMDD, MFTD, SUPRO, Unnayan Onneshan and Voice 27 July 2009 at National Press Club, Dhaka E C O L O G IC A L D E B T

- The ecological debt is created by the effects of preserve and exercising an unjust global environmental situation, where a minority has appropriated the majority of the Earth and environmental resources and exports the consequences of planetary degradation to the poor majority of humankind. What is Ecological Debt? E C O L O G IC A L D E B T

- The extraction of natural resources - The ecologically unequal terms of trade - The intellectual appropriation and the use of ancestral knowledge - The use and degradation of the best naturals - Contamination of the atmosphere - The production of chemical and nuclear weapons, How the ecological debt is constituted E C O L O G IC A L D E B T

Country China India Europe Binod Rayna Trend of GDP growth in colonial regime E C O L O G IC A L D E B T

Bangladesh: A creditor of eco-debt! - Bangladesh was a part of Indian subcontinent and exploited by the British colonial regime - Northern countries imposed flawed development paradigm with a set of neo-liberal policy approach Ecological debt and Bangladesh perspective E C O L O G IC A L D E B T

Frequent adverse Climate Change impact due to unequal use of natural and environmental resources by the north's - Sea level rise will inundated at least 17% of coastal land according IPCC report, that would be also cause a creation of 30 million environmental refugee and 40% of crop damage - Cyclone Marian (1991), SIDR (2007) and recent Aila (2009) have made a damage of 4.7 billion US$ asset Because Bangladesh faced E C O L O G IC A L D E B T

Neo liberal policies also leads the TNCs to snatch and controlling over the natural resources and their repatriation with huge ecological and environmental damage - In 1997 US company Occidental create a disaster of gas blow out at Magurchara that damaged the loss of, - 01 billion US$ gas billion US$ environmental damage (Reserve forest and 29 Tea garden) but compensation made only 10 million. - In 2005 Canadian company NIKO has created the same damage through gas blow out, but didn’t made any compensation. Because Bangladesh faced E C O L O G IC A L D E B T

Tengra Tila gas blow out

The conditions of Neo liberal policies also created the country indebted that going the process of underdevelopment in the name so called development The new form of looting the resources that’s are very strong than the colonial regime. For example: - Foreign debt promoted by the countries of the North. - Promotion of the international market and terms which favored them. - Flow of foreign investment. - Privatization of energy, communications, water, and the earth. - Green revolution. - Practice of “free trade” - Create technologically dependent, and the laws of intellectual property rights, amongst many others. Because Bangladesh faced E C O L O G IC A L D E B T

AgenciesDebt Stock (In million US$) In : OECD Countries OPEC Multi Agencies Total million In (July-Nov) G. Total million Per capita Ext. debt stock150 US$ Source: ERD & BB report janu,2009 Bangladesh External Debt Stock E C O L O G IC A L D E B T

Total DSL for 26 donors In : million US$ In : million US$ In (proposed) million US$ % of Revenue budget20% Total Health Budget ( ) million US$ Total Health Budget ( proposed ) million US$ The total DSL has crossed the national health budget Source: ERD Hand Book and Budget doc Debt Servicing Liability (DSL) E C O L O G IC A L D E B T

- JS (Jubilee South) is a key player in global perspective - Different countries are now assessing the ecological debt officially - JS-APMDD promote the CSOs in movement on Eco-Debt Ecological debt and global perspective E C O L O G IC A L D E B T

- The G 8 countries clearly fail to grasp the scale of the solution required to deal with climate change - WB manage Climate Change Adaptation Fund: A Tool of business - We demand compensation and reparation the eco-debts Why Eco-Debt campaign before CoP 15 in Copenhagen E C O L O G IC A L D E B T

Thank You All E C O L O G IC A L D E B T