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.
Previous Article in event
Previous Article in session
Carbon Credit Business Prospect in Bangladesh
Published:
16 May 2024
by MDPI
in OHOW 2023 – The 2nd International Symposium on One Health, One World
session Climate change and green recovery
Abstract:
Keywords: Carbon credit, Climate change, IDCOL, CDM, Bangladesh
Comments on this paper
Osh University
23 July 2024
Secure your path to a medical career with Osh University, where admission in mbbs opens doors to excellence. Join a community of aspiring medical professionals, guided by expert faculty, and embark on a transformative journey.
Alex Rodriges
5 August 2024
As we explore the potential of the carbon credit market in Bangladesh, it's crucial to stay informed about the latest developments and opportunities in the industry. For those interested in integrating sustainable practices and investments, I highly recommend checking out ICOholder. Their platform provides comprehensive insights into the world of decentralized finance (DeFi) and blockchain technologies, which are increasingly relevant to carbon credit trading and sustainable investment projects.
Alex Rodriges
5 August 2024
By leveraging the tools and information available on https://icoholder.com, we can better navigate the evolving landscape of carbon credits and make informed decisions to advance our green initiatives.
Olman Grand
14 August 2024
It's a nightmare—while the world talks about innovative tech and super important developments, I can’t find a free space for a business meeting that’s available on the right day and can be easily booked.
Greg Bjorg
14 August 2024
What’s the issue? I’ve been doing everything online for a while now, and I thought things had gotten a lot easier. You don’t even need to call anyone to check when and what’s available to rent. Try conference room booking software if you need to rent an office space. I usually do that for various business meetings with partners and staff.
Free Stein
14 December 2024