Bangladesh requires an annual investment of at least Tk21,750 crore to achieve its renewable energy targets by 2030, leading civil society organizations said while warning that current budgetary allocations and a restrictive tax order could derail the country's green transition.
Speaking at a press conference on 21 June, representatives from major environmental and rights groups stated that whilst the government's decision to remove import duties, value added tax, and advance income tax on clean energy equipment for fiscal 2026-27 is welcome, the current sector blueprint remains deeply flawed.
The groups highlighted that the state has earmarked only Tk379.24 crore for renewable energy – a mere 2.2% of the total Tk17,193 crore power sector allocation – leaving a massive public-private funding deficit that threatens the national target of installing 10,000 megawatts of solar power by 2030.
Hasan Mehedi, chief executive of the Coastal Livelihood and Environmental Action Network, noted that a National Board of Revenue statutory regulatory order issued on 8 June 2026 further jeopardizes the transition.
