Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Saturday, June 8, 2019 11:42:01 AM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Sundarbans has Tk 18,816cr carbon reserve

Share your thought
Post a comment »
Read all () »

UNB, Khulna :
There is a reserve of 5.6 crore tonnes of carbon in the Bangladesh part of the Sundarbans, says a survey of the Forest Department.
This carbon worth Tk 18,816 crore could be extracted without causing any harm to the world's largest mangrove forest, experts said calling for taking steps to collect the substance.
According to the current price in the Chicago carbon market, the carbon reserve in the Sundarbans would help the country earn Tk 18,816 crore.
The World Bank's observatory report released on January 25 last said the carbon price will rise from $40 to $80 per metric ton by 2020 and to $ 100 by 2030.
The Forest Department conducted the survey with financial and technical support from USAID, Silver Carbon, and Food and Agriculture Organization of the United Nations (FAO). The survey was launched on December 10, 2016.
The surveyors collected information from 173 sample plots in the Sundarbans out of total 1,858 across Bangladesh.
The study revealed detailed information about forest resources, trees and its types, wood and fuel wood, carbon reserve and other facilities provided by the Sundarbans.
The Environment, Forests and Climate Change Ministry and the USA jointly conducted a feasibility study titled 'Sundarbans Foreign Carbon Inventory 2009' in 2009 before the survey.
Experts involved in the survey said the ministry is yet to give permission to sell the reserved carbon.
Besides, Bangladesh has not yet registered at the international carbon stock market even in 10 years after the initiation of the 'Sundarbans Foreign Carbon Inventory'. It is still to appoint any international broker house to this end.
Md Shafiul Alam Chowdhury, thec Chief Conservator of Forest, said, "The carbon stock in the Sundarbans can be sold to carbon emitting developed countries and multinational companies. The process of appointing broker is underway. Primarily, there's a plan to sell the Sundarbans carbon stock in the international market. Later, more forests would be brought into this list."
Deputy Minister for Environment, Forests and Climate Change Habibun Nahar said they will take steps to this end after collecting necessary information about the carbon sale. "It'll be ensured so that people residing around the Sundarbans are also benefitted along with the government with the carbon sale."
According to the Kyoto Protocol, carbon trading allows nations who are unable to meet their reduction targets to purchase carbon credits under a unified regulatory framework. The carbon credits can be purchased from other member nations who own a GHG quota that they no longer require or alternatively new credits can be created through the financing of projects that reduce GHG emissions.
It says any developing country protects its forest resources and takes initiative of reforestation in decayed forests, it can sell carbon to developed countries. A developed country can purchase the amount of carbon it emits.

Add Rate

News Archive

Inside The New Nation

Cricket »

Mashrafe urges teammates to guard against complacency

Bangladesh skipper Mashrafe Bin Mortaza urged his teammates to keep their excitement under control after the landmark victory against South Africa in their World Cup opener on Sunday at The Oval as he believes they have still a long way to go in the World Cup.Bangladesh compiled their ODI highest ...

Cricket »

South Africa should take advantage of India's 'first game nerves': Kallis

South Africa have no margin for error after second World Cup loss and should take advantage of India's 'first game nerves' to bring their World Cup campaign back on track, said legendary all-rounder Jacques Kallis.South Africa, who were thrashed by England in the opening match, suffered their second successive loss ...

Editorial »

Eid Mubarak: May this day bring peace and prosperity to everyone

MORE than one billion Muslims across the globe are now taking preparations to celebrate Eid ul-Fitr. It is one of the major holidays of the Islamic faith. In Bangladesh, the Eid is likely to be observed on Wednesday depending on sighting of the Moon. Eid ul-Fitr means the "holiday of ...

International »

Second Israeli strikes hit Syria, Trump calls for bombs to stop

AFP, Damascus  :An Israeli soldier walks by mobile artillery cannon in the Israeli-annexed Golan Heights on 2 June. Photo: AFPIsrael launched a second round of strikes against Syria in 24 hours on Sunday, state media reported, as US president Donald Trump called on Russia and Iran to "stop bombing the ...

Entertainment »

Affri Selina as Padmaboti

Sheikh Arif Bulbon :To perform in role of madam in Airtel’s new TV commercial, promising model and actress Affri Selina has come into limelight in the small screen. Directed by Shakib Fahad, her presence was appreciated by the viewers on the screen. This TVC is being aired in different satellite ...

Editorial »

Myanmar won't care if it gets China’s supports

PRIME Minister Sheikh Hasina has sought support from the Organisation of Islamic Cooperation (OIC) member states to launch the Rohingya case at International Court of Justice (ICJ) with voluntary funding and technical help to ensure the legal rights of Rohingyas and address the question of accountability and justice. She was ...

Cricket »

Shakib completes 11000 runs across format in International cricket

Bangladesh ace all-rounder Shakib Al Hasan completed 11000 International runs in three formats of the cricket during the World Cup match against South Africa at The Oval on Sunday.Shakib needed five runs to achieve the feat as the second Bangladeshi player after Tamim Iqbal. He however did this with ease ...

International »

China vows military action if Taiwan, sea claims opposed

AP, Singapore :China's defense minister warned Sunday that its military will "resolutely take action" to defend Beijing's claims over self-ruled Taiwan and disputed South China Sea waters.Speaking at an annual security conference in Singapore, Gen. Wei Fenghe did not direct the threat at the U.S. but loaded his address with ...

International »

Ten killed in Israeli fire in Syria

AFP, Beirut :Israel carried out air strikes in Syria on Sunday in response to rare rocket fire from the neighbouring country, its military said, with a war monitor reporting 10 killed including Syrian soldiers and foreign fighters.Israel's army said two rockets were fired from Syria at Mount Hermon in the ...

Entertainment »

Belly Afroz coming with Beder Meye Joshna Returns

Sheikh Arif Bulbon :When any singer’s inspirations are her mother and brother surely she will go far. Hailed from Chattogram, Belly Afroz has been attached with music from her childhood. She started her training in music from Dhruba Parishad. Once she also learnt how to play drum from her elder ...

Cricket »

Can Bangladesh prove McCullum wrong?

New Zealand former skipper Brendan McCullum's prediction regarding Bangladesh's World Cup journey met with harsh criticism by the country's adorable fans but can they prove him wrong?As Bangladesh take on South Africa on Sunday at The Oval, there can be glimpse of their ability of what they can do in ...

Cricket »

Mustafizur recovering on right direction

Bangladesh bowling coach Courtney Walsh said that he is happy to see Mustafizur Rahman returning back to his best through recovering in the right direction.Mustafizur had long association with injury and even during the game against India he had a pulled his calf muscle that only adds more miseru in ...

Editorial »

When dreams are shattered

FOUR underage Bangladeshi girls forced into prostitution have recently been rescued by police from a night-club of Deira city in Dubai. The victims, aged between 16 and 17, were taken to the Gulf Arab country last year to work as domestic helps in Al Muraqabbat. Gulf News reported that police ...

International »

Guaido renews call for Maduro to step down after Norway talks

AFP, Sabaneta  :Venezuelan opposition leader Juan Guaido renewed calls for President Nicolas Maduro to resign on Friday while campaigning in the birthplace of former leader Hugo Chavez, following inconclusive talks in Norway to end the country's crisis.Guaido-who is backed by the United States and is recognized as interim president by ...

Entertainment »

Twinkle Khanna to venture into the digital space

Twinkle Khanna entered into the world of writing and surprised everyone with her wit and humour after trying her hand at acting for a while. Mrs Funnybones and The Legend of Lakshmi Prasad are her two bestsellers. Her weekly column in The Times of India Sunday edition is popular amongst ...

Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Write a comment to this news