Open Dialogue on: Redirecting Nordic Investment: From LNG to Renewables in Bangladesh

Change Initiative, in collaboration with ActionAid Bangladesh. This open dialogue confronts the "Nordic Paradox," where global climate leaders inadvertently finance fossil fuel lock-ins in Bangladesh. We analyze the severe economic and social costs of LNG dependence, exemplified by the stranded Rupsha Power Plant and FSRUs in Moheshkhali. These projects have triggered massive forex drains and devastated local economies, displacing thousands of families dependent on salt and fish cultivation. The study proposes a strategic pivot: redirecting Nordic capital from volatile LNG infrastructure toward renewable energy. This study aims to unlock Bangladesh’s solar potential, ensuring energy sovereignty and restoring local economic resilience through community stewardship.

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