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This paper explores the shaping of Bangladesh's southern coastal region, often framed as the most climate vulnerable place in the world, as a zone of climate crisis. As rising waters threaten communities inhabiting the low‐lying coastal islands scattered across the deltaic plain, many within the government and donor community have identified shrimp aquaculture as a principal adaptation strategy. Shrimp aquaculture is integral to the dynamics of what I call anticipatory ruination, a discursive and material process of social and ecological destruction in anticipation of real or perceived threats. I elaborate anticipatory ruination as a process that both responds to and produces Bangladesh's climate crisis. I use this concept to explore not only the dynamics taking place in Bangladesh's delta region, but also the ways in which climate crisis is constituted more broadly. [ABSTRACT FROM AUTHOR]