The anticipated financial relief for the sector was overshadowed by a nationwide students' job quota movement that intensified following the murder of a student, which diverted attention to political unrest and demands for the government's resignation, leaving the sector's financial crisis and future uncertain.
The power and energy sector has been one of the top discussion topics in the past couple of years. Despite having a huge power generation reserve margin, failure to generate the required power due to fuel shortage and payment of huge capacity charges has created a liquidity crisis for the Bangladesh Power Development Board (BPDB). It was expected that the finance ministry would increase allocation for the power sector in the first month of the new financial year. However, it was subsided by the students’ job quota reform movement that turned into a mass upsurge following the gruesome murder of Abu Sayeed, a student at Begum Rokeya University in Rangpur. The entire attention of the nation was diverted toward that direction and the movement eventually transformed into a one-point demand – resignation of Sheikh Hasina’s government. It has now become uncertain when and how the sector could overcome the huge debt burden.
Denne historien er fra EP_22_04 (Energy & Power Vol 22 Issue 4 August 1, 2024) -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 EP_22_04 (Energy & Power Vol 22 Issue 4 August 1, 2024) -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.