Bangladesh aims for $1 billion annual carbon credit revenue from planting 250 million trees

Bangladesh has announced a plan to plant 250 million trees over five years, aiming to generate nearly $1 billion annually from carbon credit sales. The initiative, part of the government's climate strategy, would rely on international carbon market mechanisms under Article 6 of the Paris Agreement. The report from the Climate Financing Budget Report highlights that successful implementation could bring significant revenue, but notes key gaps. Bangladesh currently lacks the legal framework, technical capacity, and monitoring systems needed to fully participate in global carbon markets. Addressing these gaps through regulatory reform and investment is seen as critical to unlocking the potential. The country has some experience with carbon credits, having sold 2.53 million credits from solar and cookstove projects since 2006. However, scaling up to a $1 billion annual target would require major improvements in project registration, verification, and trading infrastructure.