Dhaka, Aug. 25 -- Bangladesh will need an investment of between $35.2 billion and $42.6 billion if it is to meet its renewable electricity target of 30 per cent by 2040, the Centre for Policy Dialogue (CPD) has warned.
The think tank cautioned that the country's transition risks being undermined by policy inconsistencies, inflated electricity demand projections, and a lack of planning to phase out fossil fuels. Unless urgent reforms are introduced, Bangladesh could face both a financial crisis and the failure to achieve its climate commitments.
The findings were presented on Sunday at a CPD dialogue titled "NDC 3.0 for the Power Sector: Is Bangladesh Setting 'Ambitious' Targets?"CPD research director Dr Khondaker Golam Moazzem said: "If B...