Opportunities And Challenges For Bangladesh In Achieving Climate Resilience

Millions of people worldwide now live with the adverse consequences of climate change on every single day, and Bangladesh is one of the nations most vulnerable.

- Dr. Ahmad Kamruzzaman Majumder

Almost every year, Bangladesh experiences floods, cyclones, riverbank erosion, salinity intrusion, and erratic rainfall due to its low-lying terrain, dense population, and reliance on agriculture and rivers. Bangladesh produces less than 0.5% of the world's greenhouse gas emissions, which is a very small contribution. Despite this, the nation is committed to contributing to global climate action while simultaneously looking for assistance to safeguard its citizens and economy. In this regard, Article 6 of the Paris Agreement becomes an essential instrument for Bangladesh, providing a framework that enables nations to collaborate, pool resources, and develop creative solutions to cut emissions and prepare for climate change. Bangladesh's climate vulnerability may be turned into a chance for resilient development and sustainable progress if Article 6 is understood and used appropriately.

The distinctive feature of Article 6 is that it establishes pathways for global cooperation via both market-based and non-market-based mechanisms. By trading emission reductions across national borders, market mechanisms like carbon trading allow nations to fulfill a portion of their Nationally Determined Contributions (NDCs). These measures are useful avenues for Bangladesh to raise funds, gain access to new technologies, and expand climate-resilient projects that benefit millions of people in vulnerable regions; they are not just theoretical regulations.