Just and equitable responses to the disparate impacts of climate change on communities and individuals throughout the world are at the heart of the concept of climate justice. Commodification, in the context of my research, is the process of monetizing nature and livelihoods for the purpose of surplus accumulation and profit maximization. In this study, my aim was to contextualize the concepts of climate injustice, disaster capitalism, and the commodification of lives and livelihoods in the specific setting of disaster vulnerability in southwest coastal Bangladesh. By conducting a case study in Kamarkhola and Sutarkhali regions of southwest coastal Bangladesh, I utilized discourse analysis and content analysis of livelihood interviews, semi-structured interviews, and policy documents to demonstrate the conceptual interrelation among global climate change, climate injustice, disaster capitalism, and capitalist expansion in environmentally precarious areas. I argue that in Southwest Coastal Bangladesh, the vulnerability to disasters stems from a complex and multifaceted layer of social hierarchies and inequalities, entwined with factors such as class and power relations. I also argue that Inequalities in the political, economic, and social realms have a key role in imposing vulnerability on disadvantaged people living in ecologically vulnerable areas. The perpetuation of inequality is sustained by the expansion and accumulation of capital through the dispossession and exploitation of natural resources. The existing approaches to climate change adaptation in the southwest coastal region of Bangladesh are deeply entrenched in neoliberal capitalism. The introduction of neoliberal economic policies, such as the privatization of state lands and the promotion of export-oriented aquaculture, created favorable conditions for capitalist expansion in environmentally vulnerable places through "accumulation by dispossession."