In Copenhagen, Bangladesh's state minister for environment expressed dissatisfaction with the EU's climate fund commitment, stating that it is insufficient. The EU recently committed 10 billion euro over three years to the climate adaptation fund, but it is unclear if this is in addition to Official Development Assistance. Hasan Mahmud emphasized the importance of Annex 1 countries contributing around 1.5 percent of their GDP to the adaptation fund, which could create a fund of $400 to $600 billion. The state minister emphasized that the proposal from the EU is insufficient to raise the necessary funds for adaptation, totaling $400-600. He reiterated the demand for a separate climate fund for poor and vulnerable nations, in addition to existing ODA, that is not overseen by financial institutions such as the IMF and World Bank. He suggested the creation of a separate, easily accessible, and transparent institution to manage the fund. Hasan suggested that 70% of funds should go to the least developed or most vulnerable countries, with 15% allocated specifically to Bangladesh. He stated that over one billion people globally are at risk from climate change. Hasan also mentioned Bangladesh's efforts to establish a new group for the most vulnerable countries, with communication already underway with potential members. He anticipates that around 20 countries could be included in this new group. He mentioned that the UN recognizes G-77 or LDCs in terms of economic development. He stated that similar recognition is needed for climate change and emphasized the need to form a new group of vulnerable countries for improved negotiation. Hasan highlighted Bangladesh as the most vulnerable country, leading the Global Climate Risk Index and having 15% of the 1 billion most vulnerable people. Fifteen percent of the adaptation fund is required to be allocated to Bangladesh, as it is being heavily impacted by various negative effects of climate change such as sea level rise and extreme weather. The total number of people affected in Bangladesh is expected to be much higher than in small island countries. A delegation from Dhaka held a discussion during the conference titled "Bangladesh: Victim of Climate Change." Climate specialist Dr. Ainun Nishat discussed the effects of climate change on food and agricultural production, water management, health, and infrastructure.