| Abstract: | The Clean Development Mechanism (CDM) under the Kyoto Protocol has expedited various global warming mitigation opportunities that allow Bangladesh to receive investments from those Annex I countries wishing to offset their emissions of greenhouse gases. Bangladesh has a special interest in strategies for combating global warming because its large areas that need to be planted represent a potentially large carbon sink, and at the same time its high rate of deforestation represents a huge carbon source. To properly assign carbon credits within the forestry sector of Bangladesh, a number of important issues and uncertainties need to be examined and resolved. Afforestation and reforestation (A/R) offers opportunities for carbon credits, which is subject to the end-use of the forest products. A/R may be the best option, as well as conserving the existing carbon sink offered by Bangladesh for mitigating global warming. This article discusses the legal issues raised in combating global warming; the potential of the Bangladesh forestry sector to combat global warming; implications of the forestry options for different land uses; and issues to be settled regarding carbon credits. Future policy and governance issues are considered which will enable the Bangladesh forestry sector to mitigate global warming and to obtain carbon credits. |
