According to the Third Assessment Report of IPCC, South Asia is the most vulnerable region of the world to climate change impacts (McCarthy et al., 2001). The international community also recognizes that Bangladesh ranks high in the list of most vulnerable countries on earth. Bangladesh’s high vulnerability to climate change is due to a number of hydro-geological and socio-economic factors that include: (a) its geographical location in South Asia; (b) its flat deltaic topography with very low elevation; (c) its extreme climate variability that is governed by monsoon and which results in acute water distribution over space and time; (d) its high population density and poverty incidence; and (e) its majority of population being dependent on crop agriculture which is highly influenced by climate variability and change. Despite the recent strides towards achieving sustainable development, Bangladesh’s potential to sustain its development is faced with significant challenges posed by climate change (Ahmed and Haque, 2002). It is therefore of utmost importance to understand its vulnerability in terms of population and sectors at risk and its potential for adaptation to climate change.