Bangladesh has the potential to generate up to $1 billion each year from the global carbon market, according to experts speaking at a discussion organized by LightCastle Partners in Dhaka. Despite this potential, the country has earned only $17 million since 2006 from small-scale projects like solar home systems and improved cooking stoves, due to the absence of a comprehensive national policy.
The event, titled “Catalyzing Carbon Financing in Bangladesh: Private Sector Pathways and Policy Readiness,” aimed to raise awareness among private sector leaders and investors about carbon market opportunities and the implementation of Article 6 under the Paris Agreement.
Lincoln Teo, Managing Director of ZERO13, highlighted Bangladesh’s climate goals, including producing 16% of its energy from renewables by 2030 and cutting 89.47 million tons of CO₂e emissions annually. These efforts are expected to support sustainable agriculture, water management, and economic growth.
Ahmed Zubaer Mahmud of Bangladesh Bank emphasized the need for stronger public-private cooperation, banking sector support, and adherence to international standards.
Bijon Islam, CEO of LightCastle Partners, stressed the importance of innovative financing aligned with environmental and social goals, suggesting that carbon financing can unlock significant new investment opportunities if the country strengthens its policy framework.
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