Bangladesh Prime Minister Tareque Rahman has directed officials to create a comprehensive action plan to reduce carbon emissions and increase the country's carbon credit potential. The directive came during a climate meeting at the Prime Minister's Office, where he emphasized expanding renewable energy, promoting clean industrial technologies, improving energy efficiency, and large-scale tree planting to boost carbon absorption. He also called for transparent carbon credit management, a reliable national database, and stronger coordination with international bodies to facilitate trading. The government plans to form a committee to align ministries and agencies working on carbon credits. The move aims to position Bangladesh to benefit from the growing global carbon market, where entities that exceed emission caps must buy credits from those that reduce emissions or increase carbon absorption. The article notes that a carbon credit represents one metric ton of CO2 or equivalent greenhouse gases removed from the atmosphere.
