In a significant development, Minister of Environment, Forest and Climate Change Saber Hossain Chowdhury announced that a Memorandum of Understanding (MoU) pertaining to Article 6, governing carbon markets under the Paris Agreement, is poised for finalization within the next two months. The minister shared this update with the media following crucial discussions with South Korean Ambassador to Bangladesh Park Young-sik at his office in the Bangladesh Secretariat on Thursday.

The anticipated MoU on Article 6 signifies a significant stride towards solidifying the partnership between Bangladesh and South Korea and bolstering efforts in climate action.

During the meeting, discussions revolved around mechanisms for carbon credit exchange and cooperation under the Paris Agreement, with a focus on engaging the private sector in environmental initiatives and investments. Additionally, deliberations encompassed South Korea's potential financial contributions to green technology and infrastructure development, with a particular emphasis on sustainable practices within Export Processing Zones (EPZs).

Minister Saber reiterated Bangladesh's steadfast commitment to achieving the Sustainable Development Goals (SDGs), particularly those related to environmental conservation and climate action. The collaborative efforts also explored avenues for addressing environmental issues and mitigating climate change impacts, with a keen focus on forest conservation and management, given their pivotal role in carbon sequestration.

Furthermore, discussions delved into initiatives concerning the adoption of renewable energy sources, with an emphasis on leveraging solar-powered pumps to enhance sustainable agricultural practices. The deployment of advanced technologies for environmental monitoring and management was also highlighted as a crucial aspect of the collaborative efforts.

The meeting concluded with a shared commitment between the two nations to bolster bilateral cooperation through knowledge exchange, technology transfer, and joint initiatives aimed at mitigating the adverse impacts of climate change and safeguarding the planet's invaluable natural resources.