Bangladesh Institute of International and Strategic Studies
Bangladesh Institute of International and Strategic Studies
Carbon Markets Readiness and Safeguards
This seminar reviewed opportunities and obstacles for Bangladesh in accessing carbon finance. Experts explained mechanisms such as the Clean Development Mechanism (CDM), voluntary carbon markets, and emerging Article 6 frameworks under the Paris Agreement. They assessed sectors with potential: renewable energy, energy efficiency, afforestation, and waste management. Barriers included weak MRV systems, lack of standardized baselines, limited private sector awareness, and transaction costs. The seminar highlighted international experience with bundled projects, programmatic approaches, and innovative finance. It also raised integrity concerns in voluntary markets and the need for robust governance to avoid greenwashing. Participants concluded that carbon finance could provide both revenue and co-benefits if integrated into a coherent climate strategy with safeguards.
