Dhaka, Feb. 11 -- When major carbon emission reduction projects in Bangladesh struggled to trade greenhouse gas (GHG) credits, the state-owned natural gas distributor Titas Gas earned over $3 million in four years till 2023 for saving gas from leaky residential and commercial risers.

Officials of the Clean Development Mechanism (CDM) Cell of Titas Gas Transmission and Distribution Company said that the $3.04 million was earned by generating Certified Emission Reductions (CERs) after repairing risers that prevented gas misuse.

Titas Gas received the successful payment in the fiscal year 2022-23 through the Danish company NE Climate A/S, said an official.

The clean development mechanism was a market mechanism under the UN's greenhouse-re...