Bangladesh stands at a pivotal energy crossroads. We’ve achieved near-universal electrification (≈99.5% by 2023) and lifted per-capita consumption by more than 100% over a decade, yet our grid still relies on fossil fuels for ~98% of generation. CO₂ emissions from fuel combustion have risen sharply since 2000, underscoring the urgency to rebalance the affordability–reliability–sustainability trilemma.
The good news: renewable capacity is scaling. Total RE has grown to ~1,564 MW, led by solar (≈1,270 MW) with early momentum in wind (from 2.9 MW to 62.9 MW by 2024–25). Hydropower remains steady at 230 MW; biomass/biogas are still nascent. On-grid peaks are higher and seasonal volatility is moderating—signs the system can integrate more variable renewables with the right investments.
What must happen next
• Mobilize green capital: A dedicated Green Investment Fund plus risk-mitigation tools (green bonds, guarantees, insurance) to lower the cost of capital and crowd-in private players.
• Modernize the grid: Smart-grid upgrades, expanded transmission, and large-scale storage to smooth variability and cut curtailment.
• Optimize land & data: Unlock Khas land and apply GIS-led planning to accelerate site selection while reducing delays and disputes.
• Reduce generator dependency: Incentivize solar-plus-storage for industry and households to replace diesel/gas backup and lower operating costs.
• Diversify the mix: Scale utility and distributed solar, unlock coastal/offshore wind, and pilot firm clean options to enhance security.
Bangladesh has the ambition and the momentum. By aligning policy, finance, land, and grid readiness, we can shift decisively beyond fossil fuels—delivering affordable power, resilient growth, and a credible climate pathway for the next generation.
Full Article: Beyond Fossil Fuels: Charting Bangladesh’s Clean Energy Horizon
