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Bangladesh experiences some of the most severe impacts of climate change, with impacts already evident in the coastal regions. Recent data shows that around 32% of the coastal communities in Bangladesh are affected by climate-induced hazards each year. In 2011, 64% among them were displaced locally and 27% were displaced to other locations in Bangladesh. It requires comprehensive and viable polices and planning to meet the challenges of managing a large number of displaced people. In this context, this paper reviews and investigates the effectiveness of current governance frameworks to address migration of affected communities. It argues that migration can be an effective way to cope with environmental shocks. Finally, it discusses policy imperatives for effective protection of people displaced by climate risks with a special reference to adopting a human rights-based approach in law and policy making for climate-induced migration.