Environment adviser Syeda Rizwana Hasan has pointed out that carbon markets cannot substitute for climate finance commitments.
She made the comment addressing the reception celebrating the 203rd anniversary of the Independence Day of Brazil at a city hotel on Sunday.
“Bangladesh is interested in exploring carbon markets under Article 6 to support mangrove conservation in the Sundarbans. But let me stress: carbon markets cannot substitute for climate finance commitments. Safeguards must ensure environmental integrity and fairness,” the adviser said.
Rizwana said that Bangladesh is keen to work closely with Brazil, which is hosting the upcoming UNFCCC COP30, for its ambitious climate action in shaping the global climate discourse.
Paulo Fernando Dias Feres, ambassador of Brazil to Bangladesh was present at the event.
Rizwana hailed Brazil as Bangladesh’s largest trading partner in Latin America, with bilateral trade reaching nearly US$3 billion in 2024.
The adviser called for greater market access for Bangladeshi garments made with Brazilian cotton, removal of anti-dumping tariffs on jute, simplification of pharmaceutical registration, and expansion of joint ventures.
Rizwana welcomed Brazil’s recent certification of a Bangladeshi pharmaceutical firm as a step forward.
The adviser extended warm greetings on behalf of Bangladesh, describing Brazil’s independence on 7 September 1822 as a defining moment in world history.
She praised Brazil’s leadership in democracy, equity, climate action, and multilateralism.
The adviser said that Brazil was among the first South American countries to recognize Bangladesh in May 1972, laying the foundation for longstanding ties.
Recent high-level engagements, including the visit of Brazilian Foreign Minister Mauro Vieira to Dhaka in April 2024 and Bangladesh’s participation in the G20 Ministerial on Women’s Empowerment in Brazil, reflect growing momentum in relations.
Rizwana highlighted Bangladesh’s reform process under the leadership of chief adviser Muhammad Yunus to strengthen inclusive governance, rule of law, and accountability.
She welcomed Brazil’s support for Bangladesh’s democratic aspirations, calling Brazil an inspiring partner in justice and equality.
The adviser expressed Bangladesh’s keenness to learn from Brazil’s expertise in biofuels and sustainable farming while sharing Bangladesh’s experience in disaster resilience.
