Carbon Credit Business Prospect in Bangladesh

Carbon credit trading supports to keep the emissions of carbon dioxide within a certain limit and it encourages using green technology. Bangladesh is one of the climate change vulnerable countries of the world. This country emits a minimal amount of carbon in the atmosphere but it is suffering much due to climate change induced problems. Bangladesh has huge potentiality of selling carbon credit to others and it has sold credits in the past. The revenue generated from the sale of carbon credits is used to support the development of additional greenhouse gas reduction projects, finance climate change adaptation measures, or offset the costs of regulatory compliance. Bangladesh's carbon credit trade potential is huge but the country cannot avail it because of various limitations such as absence of a structured framework in this regard, capacity of the relevant stakeholders, insufficient funding, shortage of trained manpower and lack of awareness. Governmental organizations and non-governmental organizations, with the supports of international agencies, can work together to materialize the benefits from this sector. The present paper aims to demonstrate the carbon credit business prospect of Bangladesh. For the present study, data and information were collected from various secondary sources. There are some challenges in realization of carbon credit sales for both buyers and sellers. By considering the pros and cons of carbon credit business, Bangladesh can materialize this issue to tackle the climate change related problems.