The Embassy of Denmark in Bangladesh Convened Vital Dialogue on Carbon Market Development
In a notable gathering at the Bay Edge Gallery in Gulshan 2, Dhaka, the Embassy of Denmark hosted a dialogue titled “Climate Talk: Exploring a Robust Carbon Market in Bangladesh.” The event attracted over eighty participants from diverse sectors, including government, academia, the private sector, and development partners, all united by a common goal: to explore the intricacies of establishing a credible carbon market in Bangladesh.
The session served as a platform to delve into both the opportunities and challenges that come with this pivotal initiative, aimed at steering Bangladesh toward a low-carbon and climate-resilient future.
During his opening remarks, HE Christian Brix Møller, Denmark’s Ambassador to Bangladesh, highlighted an unsettling truth: despite contributing less than 0.4 percent of global greenhouse gas emissions, Bangladesh stands as one of the most climate-vulnerable nations. He emphasized the irony of this situation, referring to it as “climate injustice,” but also framed it as a call for leadership and investment. “With the right partnerships and policies,” he stated, “Bangladesh has the potential to transform these climate challenges into pathways for sustainable and inclusive growth. Carbon markets can play a pivotal role in this transformation.”
The keynote address was delivered by Shaymal Barman, a Consultant and Carbon Market Specialist, who shed light on the global significance of carbon trading. He articulated its dual purpose: reducing emissions while mobilizing crucial investments. “For countries like Bangladesh,” Barman remarked, “establishing a credible carbon market can lay down the groundwork for economic growth while simultaneously helping to meet climate goals.”
A vibrant panel discussion followed, featuring experts who dissected critical topics such as policy frameworks, institutional readiness, private sector involvement, and the essential mechanisms for ensuring transparency and credibility within the carbon market. During this dialogue, participants shared insights on how carbon trading could catalyze sustainable development and assist Bangladesh in achieving its Nationally Determined Contributions (NDCs) as outlined in the Paris Agreement.
Mirza Shawkat Ali, Director of Climate Change and International Convention at the Department of Environment, conveyed a message of optimism. “Bangladesh has the unique opportunity to emerge as a leader in climate solutions among developing nations. We are developing a Carbon Market Framework designed to attract investment, foster innovation, and deliver benefits to local communities and the broader economy,” he stated.
Closing the event, Ambassador Møller reiterated Denmark’s steadfast commitment to supporting Bangladesh’s green transition. He underscored the necessity for strong institutions, clear policies, and extensive collaboration across all sectors to create a credible carbon market.
The dialogue concluded with actionable insights aimed at shaping future policy discussions and capacity-building efforts. The overarching message was clear: strategic partnerships and knowledge sharing are paramount in transforming Bangladesh’s climate challenges into sustainable economic opportunities.
