Bangladesh could earn nearly US$1.0billion annually through carbon credit trading from its nationwide 250 milliontree plantation program, according to a government report, highlighting a major opportunity to combine climate action with green economic growth.
Prime Minister Tarique Rahman officially launched the ambitious five-year programme on June 13, aiming to strengthen environmental protection and mitigate the impacts of climate change by planting 25 crore trees across the country.
According to the Climate Financing Budget Report, one of the initiative’s most significant features is its potential to generate substantial carbon credits through large-scale afforestation.
Under international carbon market mechanisms, designated plantation areas must be registered in advance and regularly reported to relevant international authorities and participating countries.
By increasing carbon sequestration and reducing net greenhouse gas emissions, the programme could create significant financial returns through carbon credit trading.
