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Dhaka Tribune

Bangladesh stresses transparency for access to global carbon markets

Through enhanced transparency and capacity building, Bangladesh aims to strengthen its climate action framework and inspire global collaboration under the Paris Agreement

Update : 27 Jan 2025, 12:00 AM

Bangladesh has highlighted the significance of the Enhanced Transparency Framework (ETF), emphasizing its role beyond reporting, as a path to integrity and access to global carbon markets under Article 6.

“Therefore, it is an opportunity to leverage more climate funds from the government, and private sector and blend it with international finance to scale climate action,” said Secretary of the Ministry of Environment, Forest and Climate Change (MoEFCC) Dr Farhina Ahmed while speaking at a workshop.

The MoEFCC and the United Nations Development Program (UNDP) jointly organized the two-day workshop on the Enhanced Transparency Framework (ETF) under the Paris Agreement on January 25-26 in Dhaka.

“The event aimed to enhance national capacity for effective climate action tracking and reporting, bringing together 30 stakeholders from government, academia, the private sector and civil society,” said UNDP on Sunday.

The Paris Agreement's Article 13 establishes the ETF to improve transparency in implementing Nationally Determined Contributions (NDCs).

ETF ensures accurate tracking of climate mitigation, adaptation, and finance efforts, supported by technical expert reviews and peer assessments.

While Bangladesh is a global leader in climate resilience, capacity gaps in compiling and analyzing greenhouse gas (GHG) emissions and climate data pose challenges.

The workshop, facilitated by Nature Conservation Management (Nacom), C3ER at Brac University is supported by UNDP's Climate Promise – From Pledge to Impact initiative, focused on building skills for transparency systems, enabling better implementation of the ETF.

The training encompassed a diverse range of presentations, addressing topics such as climate change policies, National Adaptation Plan (Nap) implementation in Bangladesh, financing and resource mobilization for Nap and Nationally Determined Contributions (NDCs), and enhancing transparency in the Energy, Waste, Agriculture, Forestry, and Other Land Use (AFOLU), Industrial Processes and Product Use (IPPU) sector as well as Greenhouse Gas (GHG) mitigation modelling, GHG inventory accounting

Dr Ainun Nishat from C3ER, Dr SM Munjurul Hannan Khan from Nacom, Dharitri Kumar Sarkar from MoEFCC, Md Ziaul Haque and Mirza Shawkat Ali from DoE, Dr Shoeb Ahmed and Dr MAA Shoukat Choudhury from Buet attended the workshop.

Through building individual and institutional capacity on the Enhanced Transparency Framework, Bangladesh reaffirms its commitment to the Paris Agreement, advancing its ambitious NDC targets and inspiring global climate action.

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