Md Razib

Those in power often express a strong commitment to renewable energy transition, but this commitment is not adequately reflected in the proposed budget for fiscal year 2026-27.

The energy crisis born of the ongoing US-Israel war on Iran has revealed a critical reality: Bangladesh has never been adequately prepared to deal with such external shocks.

Geopolitical crises have repeatedly exposed Bangladesh’s excessive dependence on imported fossil fuels, driving up energy prices and depleting foreign exchange reserves.

Bangladesh relies primarily on fossil fuels, especially coal and natural gas, to generate power.

The record-high production far exceeded the annual domestic demand of around 90 lakh tonnes, creating a substantial surplus and causing potato prices to plummet.

The current conflict in the Middle East has introduced new uncertainty into global energy markets due to potential supply disruptions.