South Asia Pursues $625 Billion Renewable Energy Goal Bangladesh focuses on climate financing and regional cooperation to boost clean energy initiativesSouth Asia stands on the brink of transformation as it aims to triple its renewable energy capacity by 2030, requiring substantial funding estimated at $625 billion. "The time has come for Bangladesh to invest heavily in renewable energy measures," Rizwana asserted, highlighting how rooftop solar energy projects could meet up to 40% of the nation’s renewable energy requirements. Bangladesh is actively exploring hydropower options from both Nepal and Bhutan, seeking avenues through India to create mechanistic ties for sharing energy resources. "The notion of land shortage for renewable energy projects is unfounded," she remarked, calling for the political will to overcome these hurdles. The commitment to renewable energy reflects hope, driven by collaboration and innovative approaches to resource management.

Source: Bangladesh Sangbad Sangstha November 19, 2024 22:01 UTC