It is 13 years to 2030 when Bangladesh’s energy sector would be 92 percent dependent on import of energy (primary fuel and electricity) in accordance with the government plan. The present government is working on a vision of transforming Bangladesh into a middle income country by 2021 and developed country by 2041. It thinks that relying on domestic primary fuel, the country cannot achieve the targets. Just a decade ago, Bangladesh was exclusively reliant on own natural gas resource.
Over the passage of time and keeping pace with the demand growth, the production increased but proven reserve progressively diminished. The deficit of gas supply kept on widening. Though the gas production has increased by 1,200 MMCFD over the last eight years of the present government, the demand almost doubled due to multi-dimensional use. Expansion of 100% gas dependent industries and investment has been completely stalled. Absence of required forecast for long term supply of fuel and pricing is acting as disincentive to the investors. Though the government is proceeding with development of specialised economic zone with pledges for required energy supply, yet it is not being clearly said how and at what price the fuel would be supplied. Especially the government is not telling anything about energy pricing in the future. The government is repeatedly changing the dateline of quality power supply as a replacement of gas supply. The government is working on plans for importing huge volume of LNG for confronting natural gas deficit. On the other hand, power import through cross border trading is also a priority of the present government. Under the circumstance, the government is going to observe the Energy Security Day on August 9, 2017.
Denne historien er fra August 01 2017-utgaven av Energy & Power.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra August 01 2017-utgaven av Energy & Power.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
CLIMATE SUMMIT IN BAKU BRINGS LITTLE CHEER FOR BANGLADESH
Bangladesh, a delta nation of 170 million people, is vulnerable to climate change and related disasters. Frequent floods, cyclones, and occasional droughts claiming lives and livelihoods every year speak of the depth of the climate vulnerability.
The Promise To Mobilize $1.0tn More Is Vague
The major challenge for COP30 is to restore the trust between the Global North and the Global South. The trust deficit continues to widen in matters substantive to solving the issues, such as ambitious mitigation and scaling climate finance. However, I believe that COP30, under the progressive leadership of Lula De Silva of Brazil, a University Professor, can expect a better outcome.
ADB Launches Environment Action Plan 2024-2030
The Asian Development Bank (ADB) has launched its Environment Action Plan 2024–2030 presenting a road map for addressing the impacts of the triple planetary crisis of biodiversity loss, pollution, and climate change in Asia and the Pacific.
LDCs Trapped in Climate Debt Spiral
The Climate Debt Risk Index 2024 (CDRI), introduced by Change Initiative (CI), calls for a complete overhaul of the global climate finance framework.
Bangladesh Calls for Climate Justice, Ambitious Pre-2030 Targets at COP29
Syeda Rizwana Hasan, advisor to the Ministry of Environment, Forests and Climate Change and Water Resources, called for climate justice, urging the global community to uphold the principle of Common but Differentiated Responsibilities (CBDR).
Dream to Achieve Goals in Life, Prof Yunus Tells Youths at COP29
Chief Adviser Professor Muhammad Yunus recently called upon the youths to dream to achieve their goals in life as the dream is a power.
Fossil Fuel Emissions to Hit New Record in 2024
Planet-warming carbon dioxide emissions from oil, gas and coal rose to a new record high this year, according to preliminary research recently that found no sign the world was moving away from fossil fuels.
Rezwana Seeks Global Support for Transition to RE
Adviser of the interim government for environment, forests and climate change Syeda Rizwana Hasan has said timely and fair financial and technological support is need for Bangladesh's transition to renewable energy.
Chief Adviser for 'Zero Carbon' - Based Life-Style to Save Planet
Chief Adviser Professor Muhammad Yunus recently suggested creating a new life-style based on 'zero waste and zero carbon' to protect the planet from climate catastrophes, presenting his longstanding dream of creating a new world of three zeroes.
Climate Loss and Damage Fund Set to Launch into Action Next Year
Agreements have been signed to pave the way for a United Nations-backed fund for the most climate-vulnerable countries to start project financing in 2025, COP29 host Azerbaijan said recently.
