How autocracy powered aggressive fossil fuel expansion in Bangladesh
How autocracy powered aggressive fossil fuel expansion in Bangladesh Emran Hossain Dozens of private investors in Bangladesh’s power sector saw their earnings swell by 30 per cent compared with three years ago just because taka lost its value against the dollar. The current exchange rate for a dollar is Tk 119, up from Tk 84 […]
Energy Crisis in Bangladesh Highlights Risks of Fossil Fuels
Bangladesh sources most of its energy from fossil fuels, with natural gas making up the lion’s share. Due to COVID-related supply chain issues and global political instability, fossil fuel prices are steadily climbing. As a result, the country has had to halt natural gas imports, leading to rolling blackouts. This highlights the risks associated with fossil fuel reliance and the need for local renewable energy production.
Solar and Wind Power Potential in Bangladesh
Global Climate Scope ranks Bangladesh in the 41st position from all observed markets in terms of attractiveness for renewable energy investments. The segment the country is lacking most is experience. However, considering the stable fundamentals and the significant opportunities, the future of renewable energy potential in Bangladesh looks bright. Additionally, and importantly, there are high-potential investment opportunities. The country’s current situation places investors in its renewable energy transition in a perfect position to be rewarded once the boom starts.
