On March 19, 2013, H.E. Mr. Shiro Sadoshima, Ambassador of Japan to Bangladesh and Mr. Md. Shafiqur Rahman Patwari, Secretary, Ministry of Environment and Forest of the People’s Republic of Bangladesh signed the bilateral document on Low Carbon Growth Partnership between Japanese side and Bangladeshi side in the presence of H.E. Dr. Hasan Mahmud, Hon’ble Minister for Environment and Forest.

　This document will provide for establishing a Bilateral Offset Credit Mechanism (BOCM), which is designed to address the global challenge of climate change by collective efforts of Japan and Bangladesh. Through this mechanism, Bangladesh will be able to reduce the emission of greenhouse gases (GHG) by utilizing Japan’s environment-friendly technologies, products, systems, services as well as infrastructure while Japan will be able to use thus achieved GHG emission reductions or removals to meet its internationally pledged GHG mitigation efforts.

　Through implementing the BOCM, Japan wishes to work closely and take a joint initiative with Bangladesh to preserve the beautiful nature of the Golden Bengal, and to make further contribution to the international endeavor of preventing climate change.