Dhaka, Nov. 3 -- Bangladesh needs an estimated US$1.54 billion in annual investment in renewable energy through 2030, but the current pace of expansion is attracting investment equivalent to only about $190 million - just 13 percent of the requirement, while around 90 percent of energy-sector climate finance comes in the form of loans, according to a new study by Change Initiative.

The findings point to an annual investment shortfall of approximately $1.35 billion and a heavy reliance on debt to finance the country's energy transition.

Released ahead of COP31, the study calls for more grants and affordable financing to expand clean energy without substantially increasing government debt. It recommends greater support from development ba...