Advancing Bangladesh’s Green Energy Transition

Introduction

The energy sector is critical to Bangladesh’s economic growth and environmental sustainability. Recent developments, including changes in government and policy directions, underscore the need for a comprehensive strategy to address energy challenges. Under the leadership of Professor Muhammad Yunus, the Interim Government aims to achieve “three zeros”: zero net carbon emissions, zero wealth concentration to end poverty, and zero unemployment. Professor Yunus, a Nobel Laureate and founder of Grameen Shakti, is committed to advancing renewable energy in Bangladesh. Grameen Shakti focuses on providing sustainable energy solutions to rural areas, empowering women, creating green jobs, and reducing greenhouse gas emissions. The Chief Advisor is expected to enhance efforts in renewable energy and extend decarbonization to agriculture, transport, industry, and households.

The interim government has decided to cancel 31 solar power projects that were initiated during the ousted Awami League government’s term. These projects, taken up without any scrutiny under a controversial special law, led to the government’s decision. Most of these projects were owned by businessmen allied with the Awami League, with a combined production capacity of 2,645 megawatts. Also, generated a National Committee to review contracts signed under the Quick Supply of Power and Energy (Special Provisions) Act, 2010 (Amendment 2021).

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