COP30 Peer Learning Helps Countries Turn Climate Pledges into Action

Countries are increasingly learning from each other on how to translate their national climate commitments into practical action under a mandate adopted at COP30, according to UN Climate Change.

The Global Mutirão Decision adopted at COP30 called on the UNFCCC secretariat to organize peer exchanges on developing and implementing Nationally Determined Contributions (NDCs).

So far, at least 22 such events have been held across the six regions covered by the UNFCCC secretariat and its Regional Collaboration Centers (RCCs).

The exchanges are taking place across Latin America and the Caribbean, the Middle East and North Africa, Asia and the Pacifi c, and Africa, with additional events planned in the coming months.

The focus varies by region, ranging from climate fi nance and rural electrifi cation to institutional coordination and carbon-market development.

In the Pacifi c, countries are discussing how small island administrations can coordinate limited resources and improve access to international climate fi nance.

In East and Southern Africa, Seychelles has shared its experience establishing a dedicated climate fi nance unit, while Senegal has shared lessons from its solar rural electrifi cation program with Togo, Burkina Faso and Cameroon.

The Caribbean is linking peer learning directly with access to fi nance, bringing countries together with institutions including the Green Climate Fund and regional development banks.

In Latin America, countries including Brazil, Colombia, Chile, Uruguay and Costa Rica have highlighted the need to involve fi nance, planning and sectoral ministries in NDC implementation rather than leaving it solely to environment ministries.

The UN Climate Change secretariat said the exchanges demonstrate that countries do not have to navigate NDC implementation alone.

By sharing both successful approaches and lessons from setbacks, the peer-learning process is helping countries develop more practical and fi nanceable climate action plans ahead of COP31 in Trkiye.

GAS CRISIS LEADS TO NEW INITIATIVES

The latest news is good.

The gas supply has returned to the level that existed before the July 21 easing a crisis that severely affected industrial production, electricity generation and kitchens for two months.

Regasifi cation of imported liquefi ed natural gas (LNG) increased to nearly to the regular volume on September 15 after the full operation of two FSRUs (fl oating storage and regasifi cation unit) located at Maheshkhali in the Bay of Bengal.

According to the Daily Star newspaper the total gas supply reached 2,610 million cubic feet per day (MMCFD).

The volume breaks up as 990 MMCFD from the two FSRUs -one operated by US company Excelerate Energy and the other by Bangladesh’s Summit Group – and 1620 MMCFD supplied from the country’s own gas fi elds.

The volume of gas supply was at 2,600-2650 MMCFD before the July 21 disruption.

At that time the LNG terminals has been handling 1,000 MMCFD of LNG.

It has been a collective sigh of relief.

Factories have started receiving gas, the electricity generation has improved, while the pressure of cooking gas is also showing some improvements.

All have suffered a lot for the two months.

This has been a welcome development, but the crisis of gas supply is far being resolved.

With the domestic supply of natural gas declining Bangladesh’s dependence on imports of the fuel is increasing.

The supply of LNG from Qatar has been disrupted for about six months due to the US-Israeli war on Iran.

Bangladesh has now signed a deal with the United States to buy 117 cargoes of LNG through 2038 amid criticism it will be pricier from the gas purchased from Qatar and other sources.

There was a time when Bangladesh worried little about the supply of natural gas as its domestic production was good enough with a healthy reserve.

Currently, Bangladesh produces around 1,600 to 1,620 MMCFD of natural gas, far short of the total national demand exceeding 3,800 MMCFD.

The daily gas between the demand and the supply is estimated at 1,200 MMCFD.

This has meant adoption of a policy to meet the defi cit through imports through government-to-government deals and direct spot purchase.

This policy has been under scanner since its adoption.

The problem with the imports has been the availability of gas when the country needs and the volatility in price.

First the Covid-19 pandemic and then the RussiaUkraine war and now the ongoing USIsraeli war on Iran have made Bangladesh to suffer.

The problem is showing no sign of easing with Iran-backed Houthi rebels intensifi ed their attacks on Saudi Arabia affecting shipment of ships through Bab-el-Mandeb, a waterway crucial for trading.

Not only is supply disrupted, but the price of oil has shot beyond $110.

Covid-19 is gone, but not the wars.

With the confl icts raging Bangladesh, like many other countries, are getting the hit really hard.

The July 21 accident at one of the two existing FSRUs has exposed a weakness that should have been taken care of much earlier.

Two terminals for storage and regasifi cation are not enough considering the demand.

Technical faults, accidents and even natural disasters can cause heavy disruptions as had been the case recently.

So the new government BNP is making fresh moves.

It has decided to build three more LNG terminals to boost supply of gas to the national grid with priorities given to industries and electricity generation.

Three of the terminals will be fl oating and two landbased.

One of the three FSRUs will be located at Kutubjom in deep water off Maheshkhali under a government-togovernment arrangement.

This Cabinet committee approved the proposal on July 28 and the terminal will be built by a Chinese company.

Besides, the government has decided to drill another 150 wells in the renewed search for gas from the domestic sources

Govt to Monitor Global Energy Prices Before Revising Domestic Fuel Rates

The government will monitor global energy prices for three months before deciding on any revision of domestic fuel prices, as rising international costs put growing pressure on energy subsidies.

The Finance Ministry has instructed the Energy and Mineral Resources Division to prepare a price adjustment proposal after the observation period.

A six-member committee, headed by Additional Secretary Md Hasanul Matin, has been formed to assess global price trends, subsidy requirements and outstanding payments to independent power producers (IPPs).

The move comes amid a sharp increase in subsidy requirements, particularly for LNG.

Against an initial Tk6,000 crore allocation for LNG subsidies in the current fi scal year, the government has already provided around Tk7,000 crore, including outstanding payments.

Floods Halt Nepal’s Power Exports to Bangladesh

Severe fl ooding in Nepal’s Bhotekoshi river system has effectively halted electricity exports to Bangladesh, with Nepal’s overall power exports falling sharply after several hydropower plants were damaged.

Nepal normally exports around 1,000MW during the wet season, but exports have dropped to about 650MW following the August 26 fl oods.

The 22.1MW Chilime and 24MW Trishuli hydropower projects, which supply electricity to Bangladesh through India, have been damaged and remain offl ine.

The Nepal Electricity Authority said it has asked India to allow electricity from alternative projects to be supplied to Bangladesh.

It is also working to restore damaged generation and transmission infrastructure.

Chattogram Waste-toEnergy PPP Project Gets Nod

The Cabinet Committee on Economic Affairs (CCEA) on September 9 gave in-principle approval to a proposal for implementing a Waste-toEnergy power generation project in the Chattogram City Corporation area on a Public-Private Partnership (PPP) basis.

The approvals were given at the CCEA meeting held at the Cabinet Division in the city with Finance Minister Amir Khosru Mahmud Chowdhury in the chair.

The proposal was submitted by the Local Government Division.

Chattogram, the country’s second-largest city and a major commercial and industrial hub, generates a substantial volume of municipal solid waste every day

Novatek Proposes $950m Offshore LNG Terminal for Bangladesh

Novatek Middle East has proposed a $950 million gravity-based structure (GBS) LNG terminal in the Bay of Bengal as an alternative to Bangladesh’s planned land-based facility at Matarbari.

The company presented the preliminary concept to Petrobangla, proposing a fi xed offshore terminal with 7.5 million tonnes per annum (MTPA) of regasifi cation capacity.

Novatek estimates the facility would cost about 21% less than a conventional 7.5MTPA land-based terminal, estimated at $1.2 billion.

The fi gures, however, have not been independently verifi ed.

The proposed GBS could be built in 30-36 months and have a design life of 60-80 years.

Possible sites include deep-sea areas near Maheshkhali and Matarbari.

The facility would send regasifi ed LNG to the national grid through a subsea pipeline.

The proposal is still at an early stage, and Novatek has not submitted a formal proposal.

Bangladesh Forms High-Level Committee on Climate Finance and Carbon Trading

The Bangladesh government has formed a 25-member National Committee on Climate Finance (NCCF) to bring climate fi nance, carbon credits and carbon trading activities under a coordinated national framework.

Under a notifi cation issued by the Ministry of Environment, Forest and Climate Change on September 1, Prime Minister Tarique Rahman will chair the committee, while Environment Minister Abdul Awal Mintoo will serve as vice-chair.

Prime Minister’s Special Assistant for Environment, Forest and Climate Change Dr Md Saimum Parvez has been appointed coordinator, while the ministry secretary will serve as member-secretary.

The committee includes State Minister for Environment, Forest and Climate Change Sheikh Faridul Islam, the Prime Minister’s Special Assistant for Health Dr SM Ziauddin Haider, and Adviser Mahdi Amin, who oversees education, primary and mass education, expatriates’ welfare and overseas employment, and labour and employment.

Govt Steps Up Gas Exploration, Moves to Cut System Losses

The government has intensifi ed efforts to boost domestic gas production through drilling and workover of 150 wells, seismic surveys and strengthening of the Bangladesh Petroleum Exploration and Production Company (BAPEX), Power, Energy and Mineral Resources Minister Iqbal Hassan Mahmood told Parliament recently.

The minister said drilling of 30 wells has already been completed, adding around 100 million cubic feet per day (MMCFD) of gas to the national grid.

Another 85 MMCFD is expected from seven wells currently under drilling.

The government plans to conduct 4,500 line kilometers of 2D and 4,200 square kilometers of 3D seismic surveys, while two new drilling rigs are being procured to strengthen BAPEX.

Proposals to reopen closed gas wells are also being examined, he said.

On LNG, the government has approved a proposal by China’s National Energy Engineering and Construction Co Ltd (CNEE) to install an FSRU at Kutubjom in Maheshkhali.

Gas Crisis Drives Surge in Electric Cooker Sales

A prolonged shortage of piped gas in parts of Dhaka has triggered a sharp rise in demand for electric cooking appliances as households seek alternatives to unreliable gas supplies.

The crisis began on July 22 after disruptions involving fl oating storage and regasifi cation units (FSRUs) cut liquefi ed natural gas supplies to the national grid by around 450 million cubic feet per day (MMCFD), or nearly 17 percent.

Although supplies have improved in some areas, daytime gas pressure remains inadequate in many households.

The disruption has boosted sales of infrared and rice cookers in particular.

Industry players estimate Bangladesh’s annual electric cooker market at less than Tk200 crore.

RFL Chief Marketing Offi cer Murshid Muneem said demand for infrared cookers had more than doubled year-on-year, while rice cooker sales had increased by around 200-300 percent.

EU Approves pound 2.0b Fund to Accelerate Decarbonization of Greek Islands

The European Commission and the European Investment Bank (EIB) have approved a pound 2.0 billion investment fund to support the decarbonization of Greece’s islands through electricity interconnections, renewable energy, energy storage and electric mobility.

The Islands Decarbonization Fund, developed jointly by the Greek government, the European Commission and the EIB, will fi nance projects aimed at reducing the islands’ reliance on costly diesel-fi red power generation while improving energy security and accelerating the country’s green transition.

About pound 1.1 billion of the fund will be allocated to electricity interconnections and related infrastructure in the Dodecanese, Cyclades and northeastern Aegean islands.