Jun 1, 2024
| BSS | The Dhaka Tribune
The minister made the remarks at the 2nd Dhaka Renewable Energy Financing Talk organized by Change Initiative at the Bangabandhu Military Museum in the capital on Saturday, a press release said.
Aiming to combat climate change and promote sustainable development, the government is committed to increasing the production and use of renewable energy, he said.
As part of implementing a green, clean, and climate-resilient economy, the government is working to reduce reliance on coal for electricity production and encourage the use of renewable energy, he added.
Study: 94% of urban poor in Satkhira not familiar with renewable energyStudy: 94% of urban poor in Satkhira not familiar with renewable energy
Due to limited land availability, initiatives are being taken to install floating solar panels on ponds or water bodies for fish farming underneath or to place solar panels on rooftops, the minister said.
The minister further said: "We are encouraging the private sector to invest in renewable energy projects. The government has set a goal to produce 40% of our electricity from renewable sources by 2041. This goal is crucial for ensuring energy security, economic growth, and environmental sustainability."
Highlighting the need for cooperation across all sectors of society to achieve this vision, Saber said that investment in renewable energy infrastructure and technology, including solar, wind, biomass, and hydropower, is essential.
"To attract both domestic and international investors, we must create a supportive environment with financial incentives and transparency," he added.
Renewable energy innovation isn’t just good for the climateRenewable energy innovation isn’t just good for the climate
The minister said that renewable energy not only reduces carbon emissions but also creates employment, improves public health, and enhances the quality of life.
He stressed the importance of innovative financial instruments in this transformation, such as green bonds, climate funds, and public-private partnerships.
He said: "We expect grants, not loans, from the developed world. The role of research and development in this sector is highly significant. By building strong partnerships and taking bold steps, we can make renewable energy the cornerstone of our nation's progress and prosperity."