Bangladesh Urged to Turn Climate Risks Into Growth Chance

The Embassy of Denmark hosted a dialogue titled “Climate Talk: Exploring a Robust Carbon Market in Bangladesh” today at Bay Edge Gallery, Gulshan 2, Dhaka on Thursday, 23 October 2025.

Bangladesh has the potential to transform its climate challenges into sustainable and inclusive growth with the right policies and partnerships, Danish Ambassador to Bangladesh Christian Brix Møller said on Thursday.

Speaking at a dialogue titled “Climate Talk: Exploring a Robust Carbon Market in Bangladesh” in Dhaka, the Ambassador said carbon markets can play a key role in driving this transformation.

“Bangladesh contributes less than 0.4 per cent of global greenhouse gas emissions, yet faces some of the world’s most severe climate risks,” he noted. “This can be seen as climate injustice, but also as an opportunity for leadership and investment.”

The event featured a keynote presentation by Carbon Market Specialist Shaymal Barman, who highlighted the importance of developing an efficient carbon trading system.

“Carbon trading is not only a mechanism to reduce emissions but also a tool to attract investment for sustainable development. For countries like Bangladesh, a credible carbon market can open new pathways for economic growth while achieving climate targets under the Nationally Determined Contributions,” he said.

A panel discussion followed, where representatives from the government, academia, and the private sector examined policy frameworks, institutional readiness, private sector engagement, and transparency in the carbon market.

Participants discussed how carbon trading could promote low-carbon development, enhance corporate sustainability, and support Bangladesh’s commitments under the Paris Agreement.

Mirza Shawkat Ali, Director of Climate Change and International Convention at the Department of Environment, said Bangladesh has a unique opportunity to lead climate action among developing nations.

“Bangladesh is currently developing a Carbon Market Framework that aims to attract investment, encourage innovation, and ensure that climate initiatives promote low-carbon growth while benefiting local communities,” he said.

In his closing remarks, Ambassador Møller reaffirmed Denmark’s support for Bangladesh’s green transition. “Building a credible and effective carbon market will require strong institutions, clear policies, and collaboration among all stakeholders. Today’s dialogue marks an important step toward turning discussions into action,” he said.

The event concluded with key recommendations for future policy discussions and capacity-building initiatives, highlighting that strong partnerships, strategic planning, and knowledge sharing are essential to transform Bangladesh’s climate challenges into sustainable economic opportunities.