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Original Research Article

From Readiness to Revenue: Development Pathways, Prospects, Impacts, and Economic Value of Forest Carbon and Blue Carbon Projects in Bangladesh

Partho Biswas

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Partho Biswas Corresponding Author

Blue Carbon Specialist, Bangladesh Bondhu Foundation (Bondhu)

ORCID: 0009-0001-2107-8566

Correspondence: partho@bondhufoundation.org

Abstract

Bangladesh has completed most REDD+ readiness requirements and drafted a Carbon Market Framework, but lacks an evidence-based pathway for turning forest and coastal ecosystems into high-integrity carbon projects. Using secondary data from national policy instruments, the Forest Reference Level (FRL), the third Nationally Determined Contribution (NDC), crediting standards and published literature, this study synthesised a 23-step project development pathway and modelled mitigation potential and economic value under three scenarios. Gross FRL emissions of 1.18 Mt CO2 yr−1 from four forest zones limit REDD+ to 0.29–0.88 Mt CO2 yr−1 of reductions. Restoring the 330,000 ha targeted in the NDC could raise total mitigation to 1.43–4.11 Mt CO2e yr−1 by 2035, with credits worth USD 9–102 million yr−1. Levelised costs were lowest for coastal mangrove afforestation (USD 22 t−1 CO2e) and highest for Hill forest reforestation and REDD+ (about USD 80 t−1), well above current prices. Project development takes four to six years, and land tenure, free, prior and informed consent and benefit-sharing agreements determine the pace. Bangladesh’s comparative advantage lies in removal-based blue carbon and community restoration. Scaling up requires an updated FRL, legally defined carbon rights, registry safeguards against overselling, and blended finance.

Keywords: REDD+, Blue Carbon, Mangrove Afforestation, Article 6, Carbon Market Framework, Forest Reference Level, Nature-Based Solutions, Benefit Sharing, Levelised Cost Of Carbon, Sundarbans
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How to Cite

APA

Biswas, P. (2026). From Readiness to Revenue: Development Pathways, Prospects, Impacts, and Economic Value of Forest Carbon and Blue Carbon Projects in Bangladesh. British Journal of Advanced Research, 1(5), Article 003. https://doi.org/10.68263/BJAR-M9X34U82

MLA

Biswas, Partho. "From Readiness to Revenue: Development Pathways, Prospects, Impacts, and Economic Value of Forest Carbon and Blue Carbon Projects in Bangladesh." British Journal of Advanced Research, vol. 1, no. 5, 2026, article 003. DOI: https://doi.org/10.68263/BJAR-M9X34U82

Chicago

Biswas, Partho. "From Readiness to Revenue: Development Pathways, Prospects, Impacts, and Economic Value of Forest Carbon and Blue Carbon Projects in Bangladesh." British Journal of Advanced Research 1, no. 5 (2026): 003. https://doi.org/10.68263/BJAR-M9X34U82

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