ADB Commits $106 Million to Improve Water Management and Agriculture

Bangladesh: The Asian Development Bank (ADB) has committed to providing a loan of $106 million to enhance water management and promote agricultural productivity in rural regions of Bangladesh. To formalize this agreement, the Bangladesh government and the ADB signed a loan agreement on Sunday, October 29. Additionally, an agreement was reached for a grant assistance […]

Carbon Market and Bangladesh

What Is the Carbon Market? Carbon markets are trading schemes designed to create financial incentives for activities that reduce or eliminate greenhouse gas (GHG) emissions. In these schemes, emissions are quantified into carbon credits that can be bought and sold. Each tradable carbon credit equals one ton of carbon dioxide or the equivalent amount of […]

Inside ‘Mujib Climate Prosperity Plan’

Vulnerability to Resilience to Prosperity Bangladesh faces increasing catastrophic impacts of climate change that could result in a 6.8% loss in GDP per year by 2030 if business as usual is pursued globally. For this reason, there is a need to build Bangladesh’s resilience to make sure that the threat multiplier of climate change does […]

What is the ‘Paris Agreement’?

The Paris Agreement is a legally binding international treaty on climate change. It was adopted by 196 Parties at the UN Climate Change Conference (COP21) in Paris, France, on 12 December 2015. It entered into force on 4 November 2016. Its overarching goal is to hold “the increase in the global average temperature to well below […]

Government Allocates $50 Million for Block Brick Traders

Bangladesh: The government has allocated $50 million for block brick traders, announced the Secretary of the Ministry of Environment, Forest, and Climate Change, Farhina Ahmed. She mentioned that this funding has been designated within the Bangladesh Environmental Sustainability and Transformation project, which is being executed by the Department of Environment. It is intended to support […]

Government Adopts Plan to Eliminate 90% of Single-Use Plastics by 2026

Bangladesh: The Minister of Environment, Forest, and Climate Change, Shahab Uddin, announced that the government is implementing a ‘Multisectoral Action Plan for Sustainable Plastic Management in Bangladesh’ to control plastic pollution. The environment minister made these statements as the chief guest at a workshop organized by the Department of Environment, where they discussed strategies to […]

Over 24,000 Acres of Encroached Forest Land Restored in Past 3 Years

Bangladesh: The Minister of Environment, Forest, and Climate Change, Shahab Uddin, announced that from October 2020 to August 2023, the current government has successfully reforested 24,322 acres of encroached forest land. He emphasized that this positive trend of reclaiming illegal forest land is ongoing, and action will continue against those who occupy forest land without […]

Over 6 million solar home systems in off-grid areas

Bangladesh: Environment, Forest, and Climate Change Affairs Minister Shahab Uddin stated on Monday, October 16, that Bangladesh has successfully installed over 6 million solar home systems in off-grid areas. He also said Bangladesh is progressing towards low-carbon green development in pursuit of sustainable growth. The minister made these remarks during a meeting with Saudi Arabia’s […]