In Copenhagen, the EU's pledge of 10 billion euro over three years to the climate adaptation fund was deemed insufficient by Bangladesh's state minister for environment. Hasan Mahmud expressed concern that the EU did not specify if this commitment was separate from Official Development Assistance (ODA). He emphasized the need for Annex 1 countries to contribute around 1.5 percent of GDP to the adaptation fund, which could potentially create a fund of $400 to $600 billion. The state minister believes that the EU's proposal to raise funds for adaptation is insufficient, as it falls short of the $400-600 goal. He emphasized the need for a separate climate fund specifically for poor and vulnerable nations, separate from existing ODA and not under the control of financial institutions like the IMF and World Bank. He insisted on the creation of a new institution that is easily accessible and transparent. Hasan stated that 70% of funds should go to the least developed or most vulnerable countries, with 15% specifically allocated to Bangladesh. He highlighted that over one billion people worldwide are at risk from climate change. Hasan mentioned that Bangladesh is leading the formation of a new group called the Most Vulnerable Countries (MVCs) and has already reached out to potential member countries. He suggested that around 20 countries could be included in this new group. He explained that the UN recognizes the G-77 or LDCs for economic development, and he is working towards gaining UN recognition for a similar group focused on climate change. He believes it is important to create a new group of vulnerable countries to improve negotiation efforts. Hasan emphasized that Bangladesh is the most vulnerable country according to the Global Climate Risk Index, with 15% of the 1 billion most vulnerable people residing there. So, Bangladesh is requesting that 15 percent of the adaptation fund be allocated to them because they are heavily impacted by climate change, experiencing issues like sea level rise and extreme weather. The delegation from Dhaka held a discussion at the conference titled "Bangladesh: Victim of Climate Change." Dr. Ainun Nishat, a climate expert, discussed the effects of climate change on food and agricultural production, water management, health, and infrastructure.