Khondaker Golam Moazzem

The sector has faced prolonged financial losses, rising public debt, and increasing fiscal burdens.

The long-awaited draft of the new Renewable Energy Policy (REP) 2025 was published in February, inviting suggestions and advice for refinement.

Governments tend to focus on immediate needs, but we also need to ensure that long-term poverty reduction efforts are being developed parallelly.

Proper implementation of the new minimum wage needs extended attention.

In late November 2023, the Ministry of Power, Energy, and Mineral Resources unveiled the IEPMP.

While the micro and messo levels of losses are immediate and short term, macro level losses would be medium to long term.

Recent observations reveal a concerning trend of underfunding in renewable energy projects.

Through advanced coal-intensive technologies, the government is trying to keep coal alive and further expand the domestic use of imported LNG.

The energy and power sector of Bangladesh can be said to have entered its third phase of development.

The weak financial state of the BPDB is partly due to the high per unit price of electricity

Bangladesh still lacks strong governing institutions that could effectively monitor safety issues in the RMG industry

A set of parallel initiatives need to be undertaken targeting the structural weaknesses of the gas sector and power sector development to ensure energy transition.

Bangladesh has been facing persistent high inflation over the last one year

Immediate subsidy reform is needed to streamline spending for the energy sector.

The latest energy master plan does not align with Bangladesh's clean energy targets

Bangladesh has been confronting a major economic crisis for several months.  

On April 26, State Minister for Power, Energy and Mineral Resources Nasrul Hamid met with a Nepali delegation led by Pampha Bhusal, the energy, water resources and irrigation minister of the country.

On February 22, 2022, during a meeting of the Executive Committee of the National Council (Ecnec), the prime minister instructed the relevant government agencies to gradually cut down on subsidies supporting economic activities of the country.

The private sector took part in the COP26 and made commitments and initiatives with a view to contributing to reducing carbon emission, thereby achieving net zero emission by 2050.

UK COP26 Climate Presidency announced Global Coal to Clean Power Transition Statement on November 3. It is a major political non-binding statement where countries are invited to make their commitments on how to phase out coal-based energy use both at home and abroad and promote clean energy use.