In a recent workshop in Dhaka, Syeda Rizwana Hasan, Bangladesh’s Environment Adviser, highlighted the urgency of effective carbon trading mechanisms. She believes these systems should not only facilitate investments but also promote technology transfer and act as tools for climate change mitigation.
Rizwana emphasized that even with full funding for adaptation efforts, protecting Bangladesh’s coastal areas remains a challenge without strong mitigation strategies. She stated, “Mitigation is key for long-term resilience.”
During the event, organized by the Ministry of the Environment, Japan, Rizwana welcomed the updated Joint Crediting Mechanism (JCM) rules, which align with the Paris Agreement’s Article 6. She noted Bangladesh’s progress in launching its national carbon market framework, set to debut during COP30, which provides a clear structure for international investors.
She called for deeper stakeholder engagement, stressing the importance of including vulnerable communities in decision-making processes. Rizwana pointed out Bangladesh’s updated climate commitments, aiming for a 6.39% unconditional reduction in emissions and an additional 13.92% under conditional terms by 2035. However, she insisted that an actionable plan is essential—merely submitting national commitments is not enough.
Strong private sector involvement is crucial, Rizwana remarked. She noted that industries focused on exports are more likely to adopt sustainable practices when they are required to meet specific standards. She encouraged businesses to think beyond traditional tree-planting initiatives, urging them to explore renewable energy solutions and sustainable agriculture practices.
A cautionary note was sounded regarding waste-to-energy projects, where she called for advanced technologies and strict compliance measures to ensure effectiveness. Rizwana pointed out that Bangladesh can’t afford to wait for global climate negotiations to resolve, especially as it faces ongoing climate-related disasters. She criticized the lack of support from developed nations but praised Japan for its consistent dedication to climate initiatives and technology sharing.
During the workshop, Rizwana and Keitaro Tsuji from Japan’s Ministry of the Environment launched the Article 6 Guidebook for the private sector. This resource aims to help businesses recognize profitable mitigation opportunities and engage in international carbon markets.
Furthermore, Bangladesh and Japan are preparing to sign a Memorandum of Cooperation, which will enhance support for Bangladesh’s environmental efforts. This agreement marks a promising step toward long-term collaboration in sustainability efforts.
The event brought together diverse stakeholders, including government officials and financial institutions, to discuss renewable energy and green technology opportunities aligning with Article 6. Such partnerships are vital as Bangladesh strives to meet its ambitious climate goals.
Overall, Rizwana’s insights underline the importance of both immediate action and long-term strategies in combating climate change effectively in Bangladesh, setting a foundation for collaborative and impactful initiatives.
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