Bangladesh needs policy reforms, lower taxes and duties, and easier access to financing to accelerate the growth of its renewable energy sector, experts said, adding that Pakistan’s recent “solar revolution” offers valuable lessons for expanding rooftop solar and distributed power generation in Bangladesh.
The observations were made at a dialogue titled “Pakistan’s Solar Revolution: Lessons for Bangladesh from a National Budget Perspective,” organized by the Centre for Policy Dialogue (CPD) at a hotel in the capital recently.
Speakers at the event said Bangladesh has already made a political commitment to transition towards renewable energy, which is a positive development. However, significant structural and institutional challenges continue to hinder effective implementation.
CPD Research Director Dr. Khandaker Golam Moazzem said Pakistan’s rapid expansion of solar power had transformed the country’s electricity sector within a short period.
“Bangladesh can also reduce its dependence on fossil fuels and make more effective use of renewable energy resources,” he said.
