Carbon trading and the Clean Development Mechanism: An opportunity for Bangladesh

The adverse effects of Green House Gases (GHG) inspired the industrialized nations (Annex 1 countries) to think about the mitigation of GHGs. After the widespread acceptance of the Kyoto Protocol organized by the United Nation Framework Convention on Climate Change (UNFCCC), the developed countries can meet the obligation by reducing domestic emissions or by using one of the three Kyoto mechanism projects in developing countries. So, an opportunity has opened up for the developing nations to be benefited from the market based carbon trading mechanisms offered by the protocol. This paper illustrates the possibilities and opportunities for Bangladesh to gain economic and other benefits from this mechanism. It provides a review of existing ongoing projects, projects that are ready for implementation, and various opportunities explored by organizations in Bangladesh.