Market Forecast By Sector (Energy, Transportation, Residential And Commercial Buildings, Industry, Agriculture, Forestry, Water And Wastewater) And Competitive Landscape
Product Code: ETC413308 | Publication Date: Oct 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Bangladesh Carbon Credit Market |
Forecast Period | 2025-2031 |
CAGR | 5.5% |
Growing Sectors | Energy |
Bangladesh Carbon Credit Market report thoroughly covers the market by Sector. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Bangladesh Carbon Credit market has been experiencing significant growth in recent years, as the country aims to reduce its carbon emissions and combat climate change. This has led to a high demand for carbon credits from various sectors, including energy, transport, industry, and forestry.
According to 6Wresearch, the Bangladesh Carbon Credit Market size is expected to grow at a significant CAGR of 5.5% during the forecast period 2025-2031. The market is increasingly gaining momentum, driven by the country's commitment to reducing carbon emissions and promoting sustainable development practices. A major driver is the national policy shift towards green energy solutions, bolstered by international environmental agreements. The growing awareness among corporations and individuals about the importance of carbon offsetting has also played a crucial role in the expansion of this market. However, the sector is not without its challenges. Limited public understanding of the carbon credit system and the complexities involved in quantifying and verifying emissions reductions are significant hurdles.
The lack of a unified regulatory framework and standardized measures for carbon trading further complicates market operations and deters potential participants. Despite these challenges, the Bangladesh Carbon Credit Market growth is surging with the rising focus on community-based projects that offer social as well as environmental benefits is becoming more prominent, underlining a holistic approach to sustainability in Bangladesh. These trends highlight the evolving nature of the market and underscore the potential for its continued growth and impact on global carbon reduction efforts.
The leading players in the Bangladesh carbon credit market are Infrastructure Development Company Limited (IDCOL) and Waste Concern, which have been instrumental in generating carbon credits through Clean Development Mechanism (CDM) projects registered under the UN Framework Convention on Climate Change (UNFCCC).
The government regulations for carbon credits in Bangladesh are primarily focused on promoting renewable energy sources and reducing greenhouse gas emissions. The Infrastructure Development Company Limited (Idcol) is the main entity responsible for generating carbon credits in Bangladesh by funding renewable energy projects, with most of the revenue coming from improved cook stoves and solar home systems.
The Bangladesh Carbon Credit industry is expected to grow, driven by government regulations and the increasing need to reduce greenhouse gas emissions. The World Bank report highlights that more than two-thirds of countries, including Bangladesh, are planning to use carbon markets to meet their Nationally Determined Contributions (NDCs). Under the Paris Agreement's rulebook, countries can trade carbon credits generated by the reduction or removal of greenhouse gas emissions from the atmosphere.
According to Dhaval, Research Manager, 6Wresearch, the energy sector has seen the greatest growth in the market due to various government initiatives and policies aimed at promoting clean energy sources. These include tax benefits, subsidies, and feed-in tariffs for renewable energy projects. Moreover, international organizations such as the World Bank have also provided funding support for renewable energy projects in Bangladesh through various programs and initiatives.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bangladesh Carbon Credit Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Carbon Credit Market Revenues & Volume, 2021 & 2031F |
3.3 Bangladesh Carbon Credit Market - Industry Life Cycle |
3.4 Bangladesh Carbon Credit Market - Porter's Five Forces |
3.5 Bangladesh Carbon Credit Market Revenues & Volume Share, By Sector, 2021 & 2031F |
4 Bangladesh Carbon Credit Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on sustainable development and environmental conservation in Bangladesh |
4.2.2 Government initiatives and policies promoting carbon credit trading in the country |
4.2.3 Growing awareness among businesses about the benefits of carbon credits |
4.3 Market Restraints |
4.3.1 Lack of comprehensive regulatory framework for carbon credit trading in Bangladesh |
4.3.2 Limited expertise and infrastructure for carbon credit projects implementation |
4.3.3 Volatility in global carbon credit prices |
5 Bangladesh Carbon Credit Market Trends |
6 Bangladesh Carbon Credit Market Segmentations |
6.1 Bangladesh Carbon Credit Market, By Sector |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Carbon Credit Market Revenues & Volume, By Energy, 2021-2031F |
6.1.3 Bangladesh Carbon Credit Market Revenues & Volume, By Transportation, 2021-2031F |
6.1.4 Bangladesh Carbon Credit Market Revenues & Volume, By Residential And Commercial Buildings, 2021-2031F |
6.1.5 Bangladesh Carbon Credit Market Revenues & Volume, By Industry, 2021-2031F |
6.1.6 Bangladesh Carbon Credit Market Revenues & Volume, By Agriculture, 2021-2031F |
6.1.7 Bangladesh Carbon Credit Market Revenues & Volume, By Forestry, 2021-2031F |
7 Bangladesh Carbon Credit Market Import-Export Trade Statistics |
7.1 Bangladesh Carbon Credit Market Export to Major Countries |
7.2 Bangladesh Carbon Credit Market Imports from Major Countries |
8 Bangladesh Carbon Credit Market Key Performance Indicators |
8.1 Number of carbon credit projects registered in Bangladesh |
8.2 Amount of carbon credits generated annually in the country |
8.3 Percentage increase in investments in renewable energy projects in correlation with carbon credit trading |
9 Bangladesh Carbon Credit Market - Opportunity Assessment |
9.1 Bangladesh Carbon Credit Market Opportunity Assessment, By Sector, 2021 & 2031F |
10 Bangladesh Carbon Credit Market - Competitive Landscape |
10.1 Bangladesh Carbon Credit Market Revenue Share, By Companies, 2024 |
10.2 Bangladesh Carbon Credit Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |