PM Tareque Rahman unveils roadmap to expand Bangladesh’s carbon credit market

Prime Minister Tareque Rahman directed ministries to prepare a national carbon credit roadmap, prioritising renewable energy, emissions monitoring, forest protection and institutional coordination to strengthen Bangladesh’s climate market participation.

Prime Minister of Bangladesh Tareque Rahman on Sunday outlined a national strategy aimed at reducing carbon emissions and strengthening Bangladesh’s participation in the global carbon credit market, directing officials to develop an integrated policy framework covering energy, industry, forestry and emissions tracking.

Speaking at a high-level meeting on climate change at the Prime Minister’s Office in the Secretariat, the Prime Minister instructed the relevant ministries to accelerate work on a coordinated roadmap to support emissions reduction and improve the country’s capacity to generate verifiable carbon credits.

“We must harness our potential in the international carbon market through evidence-based, actionable strategies,” he said. “Stronger coordination across government institutions is necessary to build a credible and transparent system.”

The Prime Minister also ordered the formation of an inter-ministerial committee to oversee the design, implementation and monitoring of carbon-related initiatives.

Focus on energy transition and emissions reduction

The proposed roadmap outlines several priority areas aimed at supporting a gradual shift toward a lower-carbon economy. These include expanding renewable energy generation, promoting energy efficiency in industrial production, strengthening afforestation and forest protection programmes and improving national systems for emissions data collection and verification.

Officials said the energy transition component would focus on scaling up solar and wind capacity while encouraging industries to adopt cleaner production technologies to reduce emissions intensity.

Carbon credit framework and market linkage

Carbon credits are issued when measurable reductions or removals of greenhouse gas emissions are verified under international standards, with each credit typically representing one metric ton of carbon dioxide equivalent.

Under global carbon trading mechanisms, countries or companies that reduce emissions beyond required levels may be able to sell credits to those exceeding their targets. Bangladesh’s proposed framework aims to develop the institutional and technical capacity needed to participate more effectively in these markets.

Government officials present at the meeting said a transparent national emissions database would be central to ensuring credibility in future carbon trading arrangements.

Institutional coordination

The meeting was attended by State Minister for Environment, Forest and Climate Change Sheikh Faridul Islam; Prime Minister’s advisers Mahdi Amin, responsible for Education, Expatriate Welfare and Labour, and Dr S.M. Ziauddin Haider, Adviser for Health; as well as Special Assistant to the Prime Minister for Environment, Forest and Climate Change Dr Saimum Parvez, alongside senior secretaries from the relevant ministries.

Policy direction

Officials described the initiative as an effort to align Bangladesh’s climate policies with emerging international carbon markets while strengthening domestic capacity in emissions monitoring and green investment planning.

The proposed roadmap is expected to be developed further through inter-ministerial consultations before detailed implementation plans are finalised.

Latest News

Youth dialogue begins people-led push for Bangladesh’s long-term low-carbon plan

Youth, academics and climate experts launched a people-led dialogue...

Illegal shrimp farming on Satkhira river chars threatens forests, climate resilience

Illegal shrimp farming on Satkhira river chars is destroying...

AI early warning system to protect people from wild elephants in Sherpur Hills

Bangladesh will install 15 AI-powered early warning devices in...

Between rising tides and hungry tigers: Jarina’s fight for survival

Widowed by disaster and displaced by erosion, Jarina struggles...

Bangladesh universities move to introduce climate reporting course for journalists

Teachers from Bangladeshi universities are developing a common climate...
spot_img
spot_img

Editor's Choice

The Climate Watch part of EJN project wins SOPA 2026 environment reporting award

The recognition marks another international milestone for The Climate...

The Climate Watch among 14 Asian newsrooms recognised in 2026 Osborn Elliott Prize citation

The Climate Watch has been internationally recognised through a...

Germany to give 52.5m euros to Bangladesh for climate change adaptation

Germany will provide Euro 52.5 million to Bangladesh for...

COP29: A step forward or a missed opportunity?

The UN climate summit ended on Sunday with a...
spot_img

Related Articles

Popular Topics