The richest nations, including the G7 countries, are failing to uphold their commitments to global renewable energy expansion.

Instead, they are increasingly investing in fossil fuel projects in developing countries such as Bangladesh, obstructing global carbon emission reduction targets.

Despite a severe foreign currency crisis, Bangladesh continues to pour billions into expensive, import-dependent fossil fuel projects—largely driven by Japan’s investments. While power plants remain idle due to fuel shortages, the burden of rising energy costs is pushing millions into poverty. Why is Bangladesh prioritising Japan’s energy agenda over its long-term sustainability?

In a bid to reduce reliance on imported liquefied natural gas (LNG), Bangladesh Oil, Gas & Mineral Corporation (Petrobangla) is expediting the tender process for drilling 21 wells across various gas fields.
According to official sources, 21 out of the proposed 26 wells are either at the awarding stage or undergoing tendering.

Successful initiative to increase the use of renewable fuels as an alternative to fossil fuels

Model to help improve financial and living standards of climate-vulnerable women

The finance ministry has decided to clear all gas and electricity sector arrears within the current fiscal year by increasing the revised Annual Development Programme (ADP) outlay by reallocating unspent funds in the sector.

As the country expands its energy infrastructure, efforts to reduce fossil fuel dependence and embrace renewables are gaining momentum

Bangladesh, a country burdened with a rapidly growing population, is currently striving for clean and affordable energy security. The United Nations Sustainable Development Goal (SDG 7) aims to ensure access to affordable, reliable, sustainable, and modern energy for all by 2030 (United Nations in Bangladesh, 2024). Despite significant progress in industrialization, the urgency for clean and sustainable energy has never been more pronounced. The question now arises: is the nation on the right path towards achieving this vision of clean and affordable energy?

Despite achieving record electricity generation, Bangladesh remains vulnerable to energy insecurity due to its reliance on costly fuel imports. A stronger commitment to renewables and regional cooperation is essential for long-term stability

Bangladesh, a country struggling with energy shortages, faces immense challenges in meeting its rising electricity demand and development goals.

Fifteen of the 31 companies have already filed 11 separate writ petitions with the High Court, contesting the PDB’s actions

The PDB took no time to cancel renewable energy deals with 31 companies signed during the Awami League government under the Quick Energy Supply (Special Provision) Act 2010 and moved ahead with new tenders, ignoring a High Court verdict.

Bangladesh has slowly been investing in green finance initiatives through the banking sector, but the transition to a society free of fossil fuel use will require a lot more investment in the renewable energy sector

HOUSTON, Jan 24 (Reuters) - Argent LNG, which is developing a 25 million metric tonnes per annum (MTPA) LNG facility in Louisiana, has signed a non-binding agreement with the government of Bangladesh to purchase up to 5 million metric tons of liquefied natural gas (LNG) annually, the company said in a statement on Friday.

That less than one percent power is generated from renewables is simply inexcusable

For years now, we have heard how Bangladesh is among the most vulnerable countries to the adverse effects of climate change, and that we must take the necessary steps in order to safeguard ourselves in the future. A transition to renewable energy was unquestionably among the more important steps that Bangladesh needed to ensure.

Balancing sustainability, equity and industry growth in the RMG sector

Oxfam in Bangladesh in collaboration with The Daily Star organized a roundtable discussion titled "Pathways to a Just Energy Transition : Balancing Sustainability, Equity and Industry Growth in the RMG sector" on January 13, 2025. Here, we publish a summary of the discussion.

Bangladesh produces only 0.8% of total power from sustainable sources

Although the Awami League government made ambitious commitments to renewable energy before being ousted by a mass uprising in August last year, meeting those lofty goals remains a distant dream for the country.

The “revolving letter of credit facility” offered by the WB’s Multilateral Investment Guarantee Agency (Miga) will provide a 100% guarantee for LCs issued by local and international banks to Petrobangla, ensuring secure and efficient access to LNG supplies

Bangladesh has the highest per capita power subsidies among its four neighbouring countries, including India and Pakistan, despite having the second-lowest per capita consumption, according to an analysis by the Bangladesh Independent Power Producers Association (BIPPA).

BIPPA presented its findings to senior government officials yesterday at Rail Bhaban, near the Bangladesh Secretariat.