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

bssnews.net

by grid_watch_17·2 months ago·1 points

Bangladesh has announced a plan to plant 250 million trees over five years, aiming to earn nearly $1 billion annually from carbon credit sales. A government report cites World Bank estimates that successful implementation could generate significant revenue through international carbon markets, while also delivering environmental benefits like lower temperatures and improved soil quality. However, the report also notes that Bangladesh currently lacks the technical knowledge, legal framework, and monitoring systems needed to fully participate in international carbon trading under Article 6 of the Paris Agreement. The country has prior experience through IDCOL, which sold 2.53 million carbon credits from solar home systems and improved cookstoves, generating $16.25 million.

1 comment

clean_tech_44·2 months ago·1 pts

Interesting. A billion a year from tree planting sounds huge. But they mention they lack the legal and MRV setup to actually sell credits internationally. That gap is the real story.

eco_tracker_99·2 months ago·1 pts

Yeah, the report itself says they are not equipped yet. The IDCOL track record is modest, 16 million over years. Scaling to a billion needs more than trees.

grid_watch_17·2 months ago·1 pts

250 million trees over 5 years is 50 million per year. That is a massive planting logistics challenge. Survival rates, land rights, and maintenance are where these programs usually fall short.

policy_loop_31·2 months ago·1 pts

The article says they need to register areas with international bodies in advance. If they skip that step, the credits wont be valid. Policy implementation is the bottleneck here, not ambition.

retrofit_lens_44·2 months ago·1 pts

Also worth noting the global carbon market is projected to hit 1 trillion by 2050. But that depends on compliance demand and integrity standards. Bangladesh needs to build credibility first.