In order to attract CDM projects in Bangladesh it is advantageous to have a strategy for CDM. The goal of the CDM strategy is to promote and attract climate friendly investment in Bangladesh. The objectives of the strategy are:

• To enhance awareness of stakeholders regarding CDM
• To identify economic opportunities in sectors that will be beneficial to the country for CDM projects
• To identify and implement achievable and practical actions that can be undertaken immediately, as well as longer-term actions which will result in future easy identification, design and implementation of CDM projects.

Principles of the Strategy

The strategy reflect following principles:

• Participation in CDM projects shall be in line with existing sectoral policies.
• CDM projects shall have tangible national impacts and will contribute to the national sustainable development agenda.
• CDM will be used to encourage private sector investments in climate-friendly development activities.
• CDM projects shall be designed so as to contribute to the improvement of the environment and the welfare of the society as a whole.
• CDM projects shall be encouraged to include elements that would contribute to poverty reduction and promote employment generation.
• CDM Projects shall promote and encourage the transfer of new, proven, affordable and relevant technologies.
• CDM Projects that address National Environmental issues will be especially encouraged.
• CDM projects having adaptation and vulnerability co-benefits shall be encouraged.
• CDM projects shall be approved through a participatory and transparent process that involves detailed assessment of their economic, social and environmental benefits and their relevance to local needs and priorities.
• Tax incentive for green projects.