Bangladesh Can Capitalize on Climate Challenges Through Carbon Markets

Danish Ambassador to Bangladesh Christian Brix Møller said today that Bangladesh can transform its climate vulnerabilities into economic opportunities by leveraging carbon markets and capitalizing on its status as one of the world’s most climate-vulnerable yet low-carbon-emitting nations.

“With the right partnerships and policies, Bangladesh can turn climate challenges into sustainable and inclusive growth. Carbon markets can play a central role in this transformation,” he said.

The envoy made the remarks at a dialogue titled “Climate Talk: Exploring a Robust Carbon Market in Bangladesh” hosted by the Embassy of Denmark at Bay Edge Gallery in Gulshan, according to a press release from the Danish Embassy.

Ambassador Møller noted that although Bangladesh contributes less than 0.4% of global greenhouse gas emissions, it faces some of the most severe climate risks worldwide.

“This can be seen as climate injustice, but also as an opportunity for leadership and investment,” he observed.

Reaffirming Denmark’s commitment to supporting Bangladesh’s green transition, he said that building a credible and effective carbon market would require strong institutions, clear policies, and close collaboration among the government, private sector, civil society, and international partners.

The event brought together over 80 participants and featured a panel discussion with representatives from the Government of Bangladesh, the private sector, academia, and the development community to examine opportunities and challenges in developing a credible and inclusive carbon market for the country.

Consultant and carbon market specialist Shaymal Barman delivered the keynote presentation, highlighting the global significance of carbon markets.

“Carbon trading is not just a mechanism for reducing emissions but also a powerful tool to mobilize investment for sustainable development. For countries like Bangladesh, establishing a credible carbon market can create pathways for economic growth while meeting climate goals such as the Nationally Determined Contributions,” he said.

During the panel discussion, speakers explored policy frameworks, institutional readiness, private sector engagement, and strategies to ensure transparency and credibility in carbon trading.

Participants discussed how carbon markets can drive low-carbon development, enhance corporate sustainability, and help Bangladesh achieve its Nationally Determined Contributions under the Paris Agreement.

Mirza Shawkat Ali, Director of Climate Change and International Convention at the Department of Environment, underscored Bangladesh’s pivotal role in global climate action.

“Bangladesh has the opportunity to position itself as a forerunner in climate solutions among developing nations. The country is currently developing a Carbon Market Framework, which we hope will attract investment, foster innovation, and ensure that climate initiatives promote low-carbon development while benefiting local communities and the economy,” he said.