Author/s:

Rahman, M.

Publisher:

ResearchGate

Year of Publication:

2019

With the start of industrial revolution in the middle of the 19 century, carbon dioxide emissions in th our atmosphere have increased steadily and dramatically. It has a dramatic impact on our climate, both warming our climate and altering our weather with more droughts and more very extreme weather events. To control the carbon emission and environment pollution, carbon trading plays a very important role. Carbon emissions trading is a market-based approach used to control pollution by providing economic incentives for achieving reductions in the emissions of pollutants. This paper mainly depends on the secondary data. Different published reports of different journals mainly supported in providing data in this paper. This paper is completely a review paper. Carbon emissions trading have been steadily increasing in recent years. According to the World Bank’s Carbon Finance Unit, 374 million metric tons of carbon dioxide equivalent (tCO e) were 2 exchanged through projects in 2005,a 240% increase relative to 2004 (110 mtCO e) which was itself a 41% 2 increase relative to 2003(78 mt CO e). Carbon trading helps to reduce the emission of carbon and manage energy 2 cost. In December 1997, Bangladesh along with 160 other countries, completed negotiations at the third session of Conference of Parties (COP3) at Kyoto Japan to finalize a protocol subsequently known as the Kyoto Protocol. The carbon trading, which has taken for reducing carbon emission is not better for Bangladesh as it has emitted only 0.3% and its yearly emission is 46527 thousand per metric ton. Only the developed countries are benefited and they have not reduced their emission to keep their living standard high and to keep the faster growth of industrialization in a stable condition.

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