In a striking contrast to global trends, Bangladesh finds itself lagging in the renewable energy sector, as outlined in the latest International Energy Agency (IEA) report on Wednesday. The report indicates that the world is on course to add over 5,500 gigawatts (GW) of renewable energy capacity between 2024 and 2030,
Tag: renewable energy
Renewable Energy Country for boosting share in fuel-mix: Nasrul
State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said enhancing the share of renewable energy in Bangladesh's fuel-mix is being encouraged. "We've been working adopting strategies on energy diversification, clean energy and climate change mitigation to promote renewable energy. By 2041, the government is moving ahead with the
G7 vows to step up moves to renewable energy
Energy and environment ministers of the Group of Seven wealthy nations vowed Sunday to work to hasten the shift toward cleaner, renewable energy, but set no timetable for phasing out coal-fired power plants as they wrapped up two days of talks in the northern Japanese city of Sapporo. The G-7 officials
Govt signs deal with kfw to attain energy efficiency
Economic Relations Division (ERD) has inked three deals with kfw Development Bank for the development of the country's energy efficiency and renewable energy. Two loan agreements totalling EUR 162 million for the projects titled "Energy Efficiency in the Industry" and the "Renewable Energy Programme II", and a grant agreement of EUR
Final draft on renewable energy policy submited
Consultant of Sustainable and Renewable Energy Development Authority (Sreda) has submitted its final draft on reviewing the "Renewable Energy Policy of Bangladesh 2008" to make it more effective in the changed energy and power sector scenario. "We submitted the final draft prepared to revisit the renewable energy policy on Monday",
Target-oriented roadmap needed to reach renewable energy goal
A move by the government to review a 14-year-old renewable energy policy has been lauded by experts and industry stakeholders as Bangladesh is desperate to find out alternative sources of power generation amid a volatile global fuel market and gas shortages at home. In the energy-hungry country, which is struggling
Bangladeshi industries explore renewables as power crisis looms
An ongoing power crisis in Bangladesh – prompted by a gas shortage – is encouraging Bangladeshi industries to slowly transition to renewable energy sources such as solar power. Although Bangladesh marked 100% access to electricity for all people in March 2022, more than 50% of electricity is generated using natural gas.
Govt working to revise renewable energy policy
The government is working to revise the ‘Renewable Energy Policy of Bangladesh 2008’ to make it more effective in the changed energy and power sector scenario. Official sources said, Sustainable and Renewable Energy Development Authority (Sreda), the focal organization under Power Division of the government, has already appointed a consultant. The consultant
Bangladesh cheapest option for new enery in Asia: COP26 Envoy
COP26 Regional Ambassador Ken O'Flaherty has said it is possible for countries like Bangladesh to significantly expand its renewable energy sector as it has been the cheapest option for new energy in Asian countries."It's clear that over the next decade the cost of renewable energy will continue to fall. So
Oracle to power global operations with renewable energy
Oracle has recently expanded its commitment to sustainability by pledging to power its global operations, both its facilities and its cloud, with 100% renewable energy by 2025, said a press release on Sunday. Oracle CEO Safra Catz said, “Relying on renewable energy is an important step toward a more sustainable future. Oracle