Despite Bangladesh’s lofty aim of generating 40 percent of its energy from renewable sources by 2040, the country faces a significant funding gap, as only 3.6 percent of the required funds were allocated to the sector in 2023, according to a study.
Although the Awami League government made ambitious commitments to renewable energy before being ousted by a mass uprising in August last year, meeting those lofty goals remains a distant dream for the country.
Germany will provide Bangladesh with 1 billion euro over the next decade to support renewable energy projects, including an initial 15 million euro this year, Environment, Forest, and Climate Change Adviser Syeda Rizwana Hasan said yesterday.
Government must overhaul existing energy strategy, prioritise clean energy
Bangladesh’s trajectory towards energy transition has been challenging but also provides valuable opportunities for other countries to learn from it.
The nation’s power sector will create at least 9,300 jobs in the renewable energy sector if the government can fulfil its target of renewable energy usage by 2030, a study conducted by the Centre for Policy Dialogue (CPD) found yesterday.
The energy and power sector of Bangladesh can be said to have entered its third phase of development.
As a tropical country, Bangladesh should seize the opportunity to harness renewable energy.
We need to invest in renewables now
It is time to reduce our dependence on fossil fuels altogether.
The latest energy master plan does not align with Bangladesh's clean energy targets
