Bangladesh could earn nearly US$1.0 billion annually through carbon credit trading from its nationwide 250 million tree plantation program, according to a government report, highlighting a major opportunity to combine climate action with green economic growth.
Prime Minister Tarique Rahman offi cially launched the ambitious fi veyear 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 signifi cant features is its potential to generate substantial carbon credits through largescale 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 signifi cant fi nancial returns through carbon credit trading.