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[Thematic report] Carbon trading concept and Bangladesh’s effort |
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by Afsana Masud | 16-07-2021 04:03
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Carbon trading Carbon trading is an opportunity for the developing countries. It also referred to as emission reduction trading. The Kyoto Protocol has developed a strategy by which the developed country will sponsor to the developing countries for increasing forest coverage. Project implementers will receive the forest credits. It is an economic tool which allows for several parties to meet total emission reduction requirements at lower costs by working together. In theory, if one party can reduce emissions at a lower cost than a second party, then first party could maximize emission reductions and sell any surplus reductions to the second party to help meet its reduction requirements. The aim is to improve the overall flexibility and economic efficiency of obtaining emission reduction. Carbon sequestration projects through land use, land-use change and forestry (LULUCF) activities could demonstrate a win-win situation from the point of view of climate change and sustainable development. Bangladesh’s approach to carbon resilience Bangladesh's government intends to implement measures to minimize greenhouse gas emissions, such as solar-powered irrigation systems and the adoption of new energy-efficient technology. The country is a member of the NDC Partnership and has worked with the NDC Support Facility to develop a low-carbon strategy for the country’s inland waterway transport sector as well as prepare a greenhouse (GHG) inventory and a monitoring, reporting, and verification system to support a low carbon and resilient transition. The country’s masterplan for energy efficiency and control (2015) sets the goal of reducing the country's energy intensity (i.e. the ratio of national energy consumption to GDP) by 15% in 2020 and 20% in 2030, as compared to the levels in 2013. Private investments are expected to play a major role in this ambition. The agricultural sector is both key to achieving zero hunger in Bangladesh and could help reduce our greenhouse gas emissions over the next few decades. This requires inventive thinking about how we, as a society, can achieve these two goals in harmony, and participatory scenarios could be a great tool for this. |
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10 Comments
Thank you all for your valuable comments
Posted 16-08-2021 14:54
Hi Afsana,
This is your mentor Yuseon:D
I have never heard of the term 'Carbon trading' before.
It seems like a clever solution both for developing countries, and for
those who emit too much carbon over protocol. However, this might backfire
into a global problem of putting environmental consequences turned into
just money.
It's like both sides of the coin.
Thanks for sharing something for us to think about!
Posted 29-07-2021 01:23
Dear Afsana,
This is your mentor Debbie. :)
If I understood you correctly, you are in agreement with the carbon trading system, right? Could you think of any bad consequences when we can "trade" carbon emissions? For example, do you think it is ethically correct to "sell the surplus reductions"? Well, isn't the goal to encourage environmental awareness, not just to utilize a capitalistic idea? It was just something to think about. Thanks for sharing! The article was a thought-provoking one. :)
Best,
Debbie
Posted 25-07-2021 00:08
Thank you for sharing.
Posted 19-07-2021 01:40
Beautifully written and well researched
Posted 17-07-2021 22:42
Great friend
Posted 17-07-2021 15:58
Afsana Masud,
Thanks for your report,
I find it useful. Carry on!
Posted 17-07-2021 15:56
Thanks a lot Meena and Bindu for sharing your thoughts on my report.
Regards,
Afsana
Posted 17-07-2021 13:49
Hello Afsana!!
I hope you are fine and doing great.
Thank you for sharing such an insightful report with us.
I did not know Carbon trading is a big opportunity for developing countries. It is an economic tool that allows for several parties to meet total emission reduction requirements at lower costs by working together. This is completely new for me.
I want to make you a kind reminder to fill this form which will take just a minute so that we can get connected in coming days too.
Form link : http://forms.gle/G2Qa9iXjhDXxcWcr9
Yours,
Meena
GREEN CHEERS
Posted 17-07-2021 13:06
Hello Afsana,
Hope you are doing great,
Thank you for your informative report on Carbon trading,
Keep writing,
Green Cheers,
Bindu
Posted 16-07-2021 12:11