Carbon trading can bring US$80 Million to Bangladesh

[Lankan Ranger]

Carbon trading can bring US$80 Million to Bangladesh

Bangladesh can earn US$ 80 million annually through selling carbon as carbon credit in the international market by using modern technology in brickfields surrounding Dhaka city, said a World Bank official.

Carbon Finance Coordinator of the World Bank, South Asia Region Michel JL Pommier informed it to Industries Minister Dilip Barua during a meeting at Shilpabhaban in the city yesterday. Former secretary and environmental consultant Syed Tanvir Hossain was also present.

If the opportunity of carbon trading can be spread throughout the country, Bangladesh can earn huge carbon credit. The total carbon emission from the brickfields in Dhaka is 8 million ton.

Issues related to environment pollution by the brickfields, shifting the brickfields to environment-friendly place, utilisation of modern technology, reducing carbon emission and World Bank's support in carbon trading were discussed in the meeting.

The WB representative Pommier said initiatives should be taken for the management of carbon like waste management of ship-breaking industry.

“Bangladesh can be benefited through producing and exporting environment-friendly bricks through using modern technology in the brickfields,” he said.

He suggested for building a planned industrial zone for brickfields to produce environment-friendly bricks. The World Bank is keen to provide technical and financial support in this regard.

Industries Minister Dilip Barua welcomed the proposal of the World Bank's support for setting up environment-friendly brickfields and said environment-friendly green industrialisation is a political commitment of the grand alliance government.

Carbon trading can bring $80m to Bangladesh

 

[eastwatch]

Carbon trading can bring US$80 Million to Bangladesh

Bangladesh can earn US$ 80 million annually through selling carbon as carbon credit in the international market by using modern technology in brickfields surrounding Dhaka city, said a World Bank official.

Carbon Finance Coordinator of the World Bank, South Asia Region Michel JL Pommier informed it to Industries Minister Dilip Barua during a meeting at Shilpabhaban in the city yesterday. Former secretary and environmental consultant Syed Tanvir Hossain was also present.

If the opportunity of carbon trading can be spread throughout the country, Bangladesh can earn huge carbon credit. The total carbon emission from the brickfields in Dhaka is 8 million ton.

Issues related to environment pollution by the brickfields, shifting the brickfields to environment-friendly place, utilisation of modern technology, reducing carbon emission and World Bank's support in carbon trading were discussed in the meeting.

The WB representative Pommier said initiatives should be taken for the management of carbon like waste management of ship-breaking industry.

“Bangladesh can be benefited through producing and exporting environment-friendly bricks through using modern technology in the brickfields,” he said.

He suggested for building a planned industrial zone for brickfields to produce environment-friendly bricks. The World Bank is keen to provide technical and financial support in this regard.

Industries Minister Dilip Barua welcomed the proposal of the World Bank's support for setting up environment-friendly brickfields and said environment-friendly green industrialisation is a political commitment of the grand alliance government.

Carbon trading can bring $80m to Bangladesh

Getting benefit from carbon credit by utilizing modern and less pollutant machines in the brick fields is a solemn idea. But, it is not known how much new investment will be needed to make it happen, and if the field owners are unwilling to bear the cost, will they receive loans from the GoB or any international organizations?

 

[TopCat]

Getting benefit from carbon credit by utilizing modern and less pollutant machines in the brick fields is a solemn idea. But, it is not known how much new investment will be needed to make it happen, and if the field owners are unwilling to bear the cost, will they receive loans from the GoB or any international organizations?

I would be more than happy to pay moeny and buy carbon from India. LOL
We need rapid industrialization now not thinking of making money disposing somebody else's waste.

 

[Skies]

Getting benefit from carbon credit by utilizing modern and less pollutant machines in the brick fields is a solemn idea. But, it is not known how much new investment will be needed to make it happen, and if the field owners are unwilling to bear the cost, will they receive loans from the GoB or any international organizations?

Very great news if possible. If they can convert emitting-carbon into carbon-credit, and then earn extra money form that, then why they would not invest?! GoB should come forward to help the brick field owners, as we are exposed to serious pollutions. Cancer patients are increasing day by day here.

 

[eastwatch]

I would be more than happy to pay moeny and buy carbon from India. LOL
We need rapid industrialization now not thinking of making money disposing somebody else's waste.

However, this WB proposal envisions a pollution free environment without carbon. This is how the expression 'carbon credit' comes about. It may also be like this: BD buys $1 billion worth of equipments from the industrialized world, and some international pollution management body calculates the amount of less carbon, and deducts this amount from the payment to be made to the exporters of machines.

Anyway, i am not very sure about what I wrote here.

 

[TopCat]

However, this WB proposal envisions a pollution free environment without carbon. This is how the expression 'carbon credit' comes about. It may also be like this: BD buys $1 billion worth of equipments from the industrialized world, and some international pollution management body calculates the amount of less carbon, and deducts this amount from the payment to be made to the exporters of machines.

Anyway, i am not very sure about what I wrote here.

If that had served any purpose then China would had been the first country to jump into it.. We should focus more on crude industrialization now. We will discuss carbon emission later down the line while pressing the west to reduce their emission.

 

[eastwatch]

Very great news if possible. If they can convert emitting-carbon into carbon-credit, and then earn extra money form that, then why they would not invest?! GoB should come forward to help the brick field owners, as we are exposed to serious pollutions. Cancer patients are increasing day by day here.

This issue has been put forward by none other than world Bank. So, this organization may be ready to finance such an effort. Western exporters get their money, brick field owners buy these machines with credits from WB.

Now, WB counts the amount of less carbon that a field is exhausting and deducts its value from the monthly payment of installments. It may not be that bad, specially when a time comes our bricks are sold abroad as carbon-free material. However, if this scenerio is true, then someone may tell us who would be paying WB itself?

Note that in countries like Japan there are tremendous use of bricks or brick tiles with DIFFERENT FANCY SHAPES AND SHADES in the footpaths. These are manufactured with the use of daily wastes mixed with earth. There are only a few such roads in Dhaka. Pollution free bricks may have a big market internally and internationally. BD is already exporting normal bricks to India's NE.