Bangladesh Prime Minister Sheikh Hasina will urge formation of a USD100 billion annual global climate fund and seek support for her country in expanding its renewable energy sector in her virtual address at the US climate summit on Thursday night, a senior minister said

"Our prime minister will urge the industrialized nations to come forward with 100 billion dollars a year for global climate fund as promised in Paris Agreement," Foreign Minister AK Abdul Momen told BSS.

The high-level two-day "Leaders' Summit on Climate," convened by US President Joe Biden, begins on Thursday.

Hasina, in her statement, will also demand the utilization of 50 percent of the fund for climate adaptation and the rest for mitigation.

As part of the Paris Agreement pledge, there was a provision of raising USD100 billion per year from 2020 onwards to help the vulnerable countries tackle climate change through mitigation and adaptation but so far, the pledge was failed.

Biden has invited 39 heads of state and government from across the world and the European Council president to attend the virtual summit.

During the summit, Bangladesh will seek support from the USA and other industrialized countries for the development of renewable energy to fulfil the goal of ensuring 100 percent use of power from renewable sources.