Why is Bangladesh exploring alternative energy resources?

Consequently, the government of Bangladesh is exploring alternative energy resources such as solar, wind, hydroelectricity, biomass, and biogas to supplement fossil fuels and optimize electricity generation cost.

Why is Bangladesh a leader in nature-based solutions?

Bangladesh has emerged as a trailblazer in adopting nature-based solutions (NbS) to supplement the impact of energy transition and address the challenges of climate change, exemplified by initiatives like mangrove restoration, floating agriculture, and community-based forest management.

How can Bangladesh reduce dependence on depleting gas reserves?

However, the declining gas production in Bangladesh highlights the importance of diversification and investment in alternative energy sources. To reduce dependence on depleting gas reserves, the government should prioritize renewable energy projects, such as solar and wind power.

How much energy does Bangladesh use?

Bangladesh currently incorporates 2.93 percent of renewable energy, amounting to 650.14 MW, within its overall energy mix, while the total installed power capacity stands at 22,215 MW. A substantial portion (48 percent or 10,678 MW) of the total power generation relies on natural gas.

How has Bangladesh made progress in gas production & exploration?

Till now, Bangladesh has made significant progress in gas production and exploration, with 20 out of 28 discovered gas fields already in production as of December 2021. 3 This led to a peak gas production per day surpassing 2700 MMCFD in December 2016, indicating the growing capacity of the gas sector.

Can Bangladesh learn from the energy transition?

Bangladesh's trajectory towards energy transition has been challenging but also provides valuable opportunities for other countries to learn from it. Even though Bangladesh contributes only 0.56 percent to global greenhouse gas emissions, it ranks as the seventh most vulnerable nation to the impacts of climate change.