Climate change is a much-discussed global topic and has received increased focus after the Paris Agreement scaling up climate action and adaptation activities. COP 21 has brought a new dimension of accommodating different issues in which a significant role has to be played by the private sector where developing and small countries have also obliged themselves to undertake responsibilities.
The Bangladesh government has already formed three important committees on Adaptation, INDC and Capacity Building. More private sector representatives should be included in these committees. The country is in the process of ratification and consultation with the private sector consultation is important.
The private sector is connected mostly with mitigation (energy efficiency and solar panel), rather than adaptation. In case of emission reduction, mass awareness would need to be created to reduce wastage. If an individual wastage reduction is 0 .01 per cent how much we can reduce nationally need to be calculated. The Ministry of Environment and Forests should have more concerns in this regard. Institutionalization of public-private collaboration and conceptualization of private sector involvement are very important.