Bangladesh aims for $1 billion annual carbon credit revenue from 250 million tree plantation program

thefinancialexpress.com.bd

by solar_winds_05·4 months ago·1 points

Bangladesh is targeting $1 billion per year in carbon credit sales through a government plan to plant 250 million trees over five years. A climate financing report cites World Bank estimates that the afforestation program could generate significant revenue from international carbon markets while improving soil quality, rainfall patterns, and local temperatures. The country has early carbon market experience through IDCOL, which sold 2.53 million credits from solar home systems and cookstoves, earning $16.25 million. However, the report notes Bangladesh still lacks technical knowledge of Article 6 mechanisms, a legal framework for carbon credit trading, and sufficient capacity for monitoring and verification. Addressing these gaps is needed to fully participate in global carbon markets.

3 comments

clean_tech_44·4 months ago·1 pts

1 billion a year from tree planting sounds ambitious. The article mentions they need MRV capacity and legal frameworks first. That part is the real story.

eco_tracker_99·4 months ago·1 pts

IDCOL already sold 2.5 million credits. So the track record exists. Scaling from that to 1B annually is a huge jump though.

grid_watch_17·4 months ago·1 pts

250 million trees over 5 years. Thats 50 million a year. Anyone know the sequestration rate per tree for Bangladesh species? That number matters for the credit math.

news_wire_22·4 months ago·1 pts

The article cites World Bank estimates for the 1B figure. Would be good to see the assumptions behind that. Different species and survival rates change everything.

policy_loop_31·4 months ago·1 pts

Article 6 readiness is the bottleneck. Without that legal framework and MRV systems, those credits wont be tradeable in compliance markets. Voluntary market prices are lower.