What does an ambitious clean energy target mean for Bangladesh?

In the buildup to the 27th Conference of the Parties (COP27), Bangladesh intensified its greenhouse gas (GHG) mitigation ambitions. It raised its targets for unconditional and conditional GHG emissions mitigation to 6.73% and 15.12%, respectively, from the previous 5% and 10% by 2030 in the selected sectors, compared to business-as-usual (BAU) scenarios. In addition, the country is currently developing an Integrated Energy and Power Master Plan (IEPMP), which is likely to boost the country’s clean energy generation capacity target to 40% by 2041. Since the power and energy sectors together account for around 76% of the GHG emissions covered in the Nationally Determined Contributions (NDCs), enhanced renewable energy capacity could help Bangladesh surpass the GHG mitigation targets. While Bangladesh’s existing power system can incorporate a significant amount of renewable energy, the country needs to invest steadily in clean energy to reach the 40% generation capacity goal. The economic competitiveness of renewable energy also makes it a favourable choice in the future.

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