en.Wedoany.com Reported - The Bangladesh government plans to introduce a comprehensive action plan for emission reduction and carbon credit enhancement to secure greater benefits from the global carbon market. Prime Minister Tareque Rahman issued this directive to relevant departments while chairing a climate change meeting at the Cabinet Division of the Prime Minister's Office in the Bangladesh Secretariat, Dhaka.
Prime Minister's Deputy Press Secretary Hasan Shiplu revealed after the meeting that Prime Minister Rahman emphasized several work directions: expanding the scale of renewable energy applications, accelerating the promotion of environmentally friendly technologies in the industrial sector, improving energy efficiency, strengthening forest resource protection, and promoting large-scale afforestation to enhance carbon sink capacity. At the same time, the Prime Minister instructed relevant departments to formulate practical strategies to capitalize on Bangladesh's opportunities in the international carbon market.
To ensure an efficient and transparent carbon credit management system, Prime Minister Rahman called for the establishment of a reliable national database and enhanced coordination with international organizations to facilitate the generation and trading of carbon credits. He also proposed forming a special committee to coordinate and strengthen collaboration among relevant ministries and agencies in acquiring carbon credits. Ministers and senior officials attending the meeting believed that implementing emission reduction measures would help Bangladesh improve its prospects for carbon credit acquisition in line with international standards.
A carbon credit is an internationally recognized financial instrument, with each unit representing the reduction or removal of one metric ton of carbon dioxide (CO2) or its equivalent greenhouse gas. Carbon trading is a market-based mechanism for controlling greenhouse gas emissions: governments or international bodies set emission caps for countries, organizations, or enterprises, and entities exceeding their quotas must purchase carbon credits. Meanwhile, those that achieve emission reductions or enhanced carbon sinks through afforestation, renewable energy, energy efficiency, or clean technologies can obtain carbon credits that are tradable or sellable.
