How Legal and Policy Regime can be Conducive for Promoting Re-finance in Bangladesh

Despite contributing less than 1% of global carbon emissions, Bangladesh is one of the most climate-vulnerable countries, and without changes, it would see annual economic costs equivalent to 2% of its GDP by 2050, widening to 9.4% by 2100.

The country is currently reliant on fossil fuels for energy with gas being the primary source and with coal accounting for almost 7%. However, solar PV and onshore and offshore wind energy costs have dropped by up to 80% in the last decade, making renewable energy increasingly affordable.

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