Bangladesh will require USD$24 billion to generate 24000MW of electricity from
renewable energy by 2040 to fulfill the government pledges for producing 40
percent of electricity of it.
Speakers at a press conference informed ahead of two daylong 24 th National
Renewable Energy Conference and Green Expo 2024 at Dhaka Reporters Unity on
Tuesday.
The National Renewable Energy Conference and Green Expo 2024 will begin on
Wednesday with theme ‘Investing in Renewables: Fueling the Climate Revolution’
at Nabab Nawab Ali Senate Bhaban, University of Dhaka.
Institute of Energy of the University of Dhaka and Green Tech Foundation
Bangladesh jointly organised the conference and green expo 2024.
The theme “Investing in Renewables: Fueling the Climate Revolution” is
particularly pertinent given the global urgency to transition to sustainable energy
sources to mitigate climate change, said CEO and Executive director of Green
Tech Foundation Bangladesh Lutfor Rahman.
He said then conference will delve into the opportunities presented by global
climate investment and funding,emphasizing how these can be harnessed to boost
the development of renewable energy in Bangladesh.
This focus is vital as Bangladesh seeks to enhance its energy security, reduce
carbon emissions, and foster economic growth through sustainable practices, he
added.
The key objectives of the conference are: highlight financial mechanisms, foster
collaboration, showcase innovations and promote policy dialogue, according to
him.
Foreign affairs minister Dr Hasan Mahmud is expected to attend the conference at
the inaugural session while state minister for finance Waseqa Ayesha Khan is
expected to attend at the concluding day on May 23, 2024, according to him.
Attended at the press conference, Engr Nurul Aktar, president og Bangladesh Solar
and Renewable Energy Association said Bangladesh will require around $22
billion investment to achieve the target of 24000MW of renewable by 2040.
He said the conference will discuss about the huge amount of funding to achieve
the target.
Institute of Energy Director Dr Nasif Shams also attended at the conference among
others.
