Adviser of the interim government for environment, forests and climate change Syeda Rizwana Hasan has said timely and fair financial and technological support is need for Bangladesh's transition to renewable energy.
“Despite hurdles, Bangladesh remains committed to achieve its target of generating 40 percent energy from renewable sources by 2041,” she said adding in view of this the interim government is actively revisiting the present energy policies to ensure sustainability and sovereignty.”
Rezwana was addressing a sideline event title- “Road to Net Zero: Navigating the Energy Transition in South Asia” at the World Bank-IMF Pavilion during the World Climate Conference (COP-29) in Baku, Azerbaijan.
The adviser said to reduce dependence on imported solar panels, China has been requested to relocate some of its solar manufacturing plants to Bangladesh.
Noting that policies on solar energy, including high taxes, are also under review, she said potentials of rooftop solar on high-rise buildings and unused government or tea estate lands are being explored as part of its solution.
Speaking in an another event organized by UNFCCC, Rizwana noted that implementing Bangladesh’s updated Nationally Determined Contributions (NDC) requires US$ 176 billion by 2030 and US $32 billion is needed for unconditional actions.
“The remaining amount relies on international support, particularly through mechanisms like Article 6 of the Paris Agreement that provides a framework for countries to cooperate towards the implementation of their NDC through carbon markets. Bangladesh is preparing to submit its NDC 3.0 next year,” she noted.
