Features
Bangladesh’s Energy Scenario in 2023
As Bangladesh recovers from energy shortages in 2022, there are questions about its energy stability in the coming years. While the country aims to produce 40% of its power from renewable sources by 2040, the current government is negotiating long-term LNG contracts. Without a switch to renewable energy, Bangladesh's energy grid will remain vulnerable to energy disruptions and the associated economic disruption.
Renewable Energy
Energy Transition Technologies: Deficiencies of the Japan-led Guidelines
Recent guidelines on transition technologies for Asia, influenced by Japanese energy policies, promote CCUS and ammonia co-firing in the power sector. As a result, they risk derailing the decarbonisation efforts of SEA countries and the financing institutions investing in transition technologies.
Driving Change: The Story of Electric Vehicles in Indonesia
The EV transition is taking the world by storm. While emerging markets remain the last bastion of legacy automakers, they will soon also embrace the transport industry's electrification. And Indonesia promises to be among the best examples of the EV revolution.
Fossil Fuel
The Power Sector in Bangladesh Is Slowing Its Economic Growth
Bangladesh's energy crisis rocked the country in the second half of 2022. Brought on by record-high LNG prices, the country – which is heavily reliant on natural gas – had to limit local energy consumption. Rolling blackouts, power-shedding and other energy-saving measures have been significant roadblocks for the country's growing manufacturing sector.
Region
Solar Energy In Bangladesh: Current Status and Future
Bangladesh generates 99% of its energy from fossil fuels. However, it has several renewable energy targets for 2030 and 2040 that require significant financial and time investments. Solar power will play an essential role in reaching these targets, and Bangladesh can't afford to postpone the transition in favour of LNG.
Energy Crisis in Bangladesh Highlights Risks of Fossil Fuels
Bangladesh sources most of its energy from fossil fuels, with natural gas making up the lion's share. Due to COVID-related supply chain issues and global political instability, fossil fuel prices are steadily climbing. As a result, the country has had to halt natural gas imports, leading to rolling blackouts. This highlights the risks associated with fossil fuel reliance and the need for local renewable energy production.
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