Dhaka, April 2 -- Countries like Bangladesh can achieve faster, cheaper, and more secure development by bypassing fossil fuels and accelerating toward solar, batteries, and electrification, according to a new analysis by Ember in partnership with the Climate Vulnerable Forum and V20 Finance Ministers.

The report, "The Electric Fast-Track for Emerging Markets," highlights a major global shift already underway.

Nearly half of the world's most climate-vulnerable countries are now outpacing the United States in solar adoption, challenging the long-held belief that fossil fuels are the only viable path to economic growth.

For Bangladesh and other import-dependent economies, the stakes are particularly high.

The report, launched on Thursday...