Time To Unlock Bangladesh’s Buried Energy Wealth

At a time of mounting energy insecurity, exploiting Bangladesh’s discovered coal resources using state-of-the-art, environmentally responsible mining technologies should become a top national priority.

Domestic natural gas reserves are rapidly depleting, while the country is struggling to import LNG, liquid fuels, and coal from an increasingly volatile global energy market.

Developing new onshore and offshore gas resources will take years, while expanding renewable energy (RE) faces signifi cant technical, fi nancial, and institutional constraints.

Moreover, renewable energy alone cannot meet Bangladesh’s growing energy demand.

In contrast, Bangladesh’s fi ve discovered coalfi elds in the greater Dinajpur and Rangpur regions contain an estimated energy equivalent of about 65 trillion cubic feet (Tcf) of natural gas.

These reserves consist of high-calorifi c-value coal with low sulfur and low ash content.

Energy experts believe that coal from the Barapukuria and Phulbari fi elds alone could support the generation of up to 10,000 MW of electricity for at least 50 years.

The Scheme of Development (SOD) for the Phulbari coal project, prepared following extensive feasibility studies, concluded that modern water management systems and progressive agricultural land rehabilitation could minimize environmental impacts.

Bangladesh also has no binding international obligation to reduce greenhouse gas emissions.

Meanwhile, coal-fi red power plants at Payra, Rampal, Matarbari, and Barapukuria have demonstrated that emissions can remain within internationally accepted standards when modern technologies are employed.

The present BNP alliance government, after completing its ongoing technical assessment, should make a political decision on coal mining within 2026.

If mining operations and minemouth power plants are developed simultaneously beginning in 2027, Bangladesh could have at least 5,000 MW of domestically fueled coal-fi red generation by 2031.

For more than two decades, opposition from often poorly informed and sometimes politically motivated activists has delayed the development of what many describe as Bangladesh’s ‘black gold.’ Meanwhile, confl icts in the Arabian Gulf and Persian Gulf have intensifi ed energy insecurity across fuel-importing nations.

Under these circumstances, Bangladesh should seriously consider utilizing its domestic coal resources.

Admittedly, such a decision is not straightforward.

The coalfi elds lie beneath fertile agricultural land and complex aquifer systems.

However, internationally proven mine water management technologies already exist and were comprehensively evaluated in the Phulbari feasibility studies.

The SOD also includes phased plans for restoring agricultural land and rehabilitating affected communities after mining.

Before approving any mining project, the government may appoint an internationally accredited mining consultant to independently audit the technical, environmental, and social aspects of the proposed development.

Present fuel supply scenario Bangladesh’s energy system has historically depended on natural gas.

At its peak, domestic production reached approximately 2,750 MMCFD, supplying gas for electricity generation, urea fertilizer production, industries, and household cooking.

Benefi ting from relatively cheap gas and electricity, energy-intensive industries expanded rapidly, outpacing investment in petroleum exploration and development.

Unfortunately, successive governments since 2000 failed to adequately explore and develop new onshore and offshore gas resources.

At the same time, discovered coal reserves remained untapped because of the absence of political consensus.

As existing gas fi elds matured, domestic production gradually declined from around 2,750 MMCFD to roughly 1,700 MMCFD today.

To offset the shortfall, Bangladesh began importing LNG in 2018 after commissioning two Floating Storage and Regasifi cation Units (FSRUs) off the coast of Moheshkhali.

Petrobangla currently supplies approximately 2,700 MMCFD of gas, including 900-950 MMCFD of regasifi ed LNG (RLNG).

However, peak national demand has already reached around 4,000 MMCFD.

Because of the resulting supply defi cit of 1,200-1,300 MMCFD, nearly 3,500-4,000 MW of gas-fi red generation capacity remains idle.

The two existing FSRUs can regasify a combined maximum of around 1,100 MMCFD.

The caretaker government led by Professor Muhammad Yunus canceled the contract for a third FSRU and discontinued negotiations with Excelerate Energy regarding a proposed deepwater fl oating LNG terminal off Kuakata.

These decisions have further delayed Bangladesh’s ability to expand LNG import capacity.

Meanwhile, Bangladesh has developed several large imported coal-fi red power plants in partnership with foreign investors.

When coal supplies arrive on schedule, these plants can collectively generate around 7,000 MW of electricity.

As a result, Bangladesh has transformed from a country largely dependent on indigenous energy resources into a major energy importer.

Recent geopolitical tensions have driven fuel prices sharply higher while disrupting global supply chains, creating severe energy security challenges for Bangladesh and other fuel-importing countries.

Bangladesh has taken some encouraging steps to accelerate petroleum exploration.

BAPEX is implementing its 50-well and 100-well drilling programs, while Petrobangla is preparing new productionsharing contract (PSC) bidding rounds for both onshore and offshore exploration.

However, meaningful results from these initiatives are unlikely within the next eight to ten years.

There is no guarantee that commercially viable gas discoveries will be made.

Even if signifi cant offshore discoveries occur, commercial production would likely require another eight to ten years.

By then, production from existing gas fi elds may have declined much further.

Bangladesh simply cannot afford to become an economy entirely dependent on imported LNG.

RE can help, but not replace conventional fuels Many stakeholders advocate accelerating the country’s energy transition by rapidly expanding renewable energy and other clean energy sources.

The 2,400 MW Rooppur Nuclear Power Plant will certainly improve energy security once fully operational.

However, Bangladesh continues to face major technical, commercial, institutional, and geographical constraints in developing large-scale solar and wind energy.

Even under optimistic scenarios, renewable energy is unlikely to contribute more than around 10,000 MW in the foreseeable future, and achieving that target will require overcoming substantial policy, fi nancial, and infrastructure barriers.

Nevertheless, renewable energy development should continue aggressively.

The government’s target of achieving a 10 percent renewable energy share by 2030 is both appropriate and achievable if existing barriers are systematically addressed.

Coal remains an untapped strategic asset Among Bangladesh’s fi ve discovered coalfi elds, only Barapukuria is currently under production using the underground longwall top caving method.

Coal extracted from the mine supplies the adjacent power plant.

However, this mining method has proven technically challenging and expensive.

The cost of producing coal at Barapukuria now exceeds the cost of importing coal.

Many experts believe that Barapukuria would be better suited to open-pit mining.

A high-level government committee under the previous Awami League administration also recommended adopting this approach.

The government has already acquired large areas of land around Barapukuria at substantial cost, while extensive land subsidence has created large water bodies.

Yet no fi nal decision has been taken regarding conversion to open-pit mining.

Unless an alternative mining strategy is adopted, underground mining at Barapukuria may cease after 2027, leaving the adjoining 525 MW minemouth power plant without fuel.

During the BNP government of 1991- 96, Bangladesh signed an exploration agreement with BHP Minerals Australia for coal exploration at Phulbari, leading to the discovery of substantial coal reserves.

Later, during the Awami League government of 1996-2001, an agreement was signed for mine development after the project rights were transferred to Asia Energy Corporation, a subsidiary of GCM Resources.

Following extensive feasibility studies involving internationally recognized mining consultants, Asia Energy submitted its comprehensive Scheme of Development in 2005.

Over the subsequent two decades, successive governments neither canceled the agreement nor approved the mining project.

The Phulbari SOD incorporates internationally accepted technologies for agricultural land restoration, groundwater and surface water management, and phased rehabilitation of mine-affected communities.

Available studies indicate that Phulbari alone could support between 5,000 MW and 7,000 MW of mine-mouth coalfi red generation for approximately 50 years using modern open-pit mining methods.

Treated mine water could be reused for irrigation and community water supply, while mined land could be progressively restored and returned to local landowners for agricultural use.

The government has also completed preliminary studies at Khalashpir and Dighipara, while feasibility studies for coal bed methane (CBM) extraction have been undertaken at the deep Jamalganj coalfi eld.

Regional and international mining experts frequently cite successful coal mining operations in India, Germany, Poland, and China as evidence that modern mining technologies can effectively address environmental and social concerns.

Although Bangladesh is among the countries most vulnerable to climate change, it currently has no mandatory international commitment requiring reductions in greenhouse gas emissions.

Commercially proven technologies are available to mitigate many of the environmental concerns raised by civil society regarding coal mining.

For Bangladesh, responsibly utilizing its coal resources may represent the most practical and economically viable pathway toward medium- and longterm energy security.

The government should therefore make a policy decision on coal mining during 2026.

Otherwise, by 2030, declining domestic gas production could leave Bangladesh overwhelmingly dependent on imported LNG, coal, and liquid fuels.

The resulting import bill would place immense pressure on the economy, industries would face higher production costs, and economic growth could slow signifi cantly.

The most realistic path forward is to begin coal mining by 2027 while establishing a high-level independent expert committee to oversee environmental management, operational safety, and regulatory compliance.

Harnessing Bangladesh’s own coal resources for electricity generation could become a transformative step toward strengthening national energy security.

With the global transition away from fossil fuels accelerating, Bangladesh also faces the risk that its discovered coal reserves could remain permanently underground unless a political decision is made soon

Stephen Rodriques Appointed New UNDP Resident Representative

Stephen Rodriques has joined the United Nations Development Programme (UNDP) in Bangladesh as its new Resident Representative, succeeding Stefan Liller.

In his new role, Rodriques will lead UNDP’s work in Bangladesh and oversee its support to national development priorities.

He will work closely with the Government of Bangladesh, development partners, civil society, the private sector and communities to advance inclusive development, strengthen resilience and accelerate progress towards the Sustainable Development Goals, said an UNDP press release.

‘It is a privilege to join UNDP Bangladesh and contribute to the country’s development journey,’ said Stephen Rodriques.

A Jamaican national, Stephen brings more than three decades of experience in international development and publicsector leadership.

He previously served as UNDP Resident Representative in Afghanistan, Liberia, Rwanda, and Deputy Country Director in Indonesia.

He has also held several other leadership positions within UNDP.

Energy Minister Urges NGOs to Invest in RE

Power, Energy and Mineral Resources Minister Iqbal Hassan Mahmud has called on non-governmental o r g a n i z a t i o n s (NGOs) to invest in Bangladesh’s renewable energy sector, emphasizing that greater private participation can help reduce fuel imports, strengthen energy security, and promote sustainable rural development.

Speaking as the chief guest at the ‘Voice of Development’ national workshop, organized by the National Development Program (NDP) at the Bangladesh-China Friendship Conference Center in Dhaka recently, the minister said NGOs have signifi cant opportunities to expand solar power projects, particularly in rural areas.

He noted that increasing the country’s renewable energy capacity would reduce dependence on imported fuels, enabling the government to redirect savings toward national development initiatives

Meanwhile, rising international oil prices have signifi cantly increased transportation costs.

Bangladesh’s transition to electric mobility has moved beyond environmental ambition to become a strategic economic imperative.

As the country grapples with rising fuel import costs, persistent energy insecurity, and growing urban pollution, electric vehicles (EVs) are emerging as a viable pathway toward cleaner transportation, lower operating costs, and reduced dependence on imported fossil fuels.

Yet the road ahead is far from straightforward.

While the government has unveiled ambitious targets, generous fi scal incentives, and plans to electrify public transport, Bangladesh must still overcome major obstacles-including limited charging infrastructure, high vehicle costs, weak domestic manufacturing capacity, and an underdeveloped regulatory framework.

Whether the country can build a sustainable EV ecosystem over the next decade will depend not only on policy commitments but also on coordinated investment, technological innovation, and long-term planning.

Although the country’s EV market remains in its infancy, experts believe that strong government initiatives, growing private-sector investment, and increasing interest from international development partners could transform Bangladesh into a signifi cant EV market over the next decade.

A Transport System Dependent on Imported Fuels Bangladesh’s transport sector relies heavily on imported fossil fuels.

Of the approximately six million tonnes of petroleum products consumed annually-including diesel, octane, and petrol-around 70 percent is used by the transport sector.

In addition to petroleum fuels, compressed natural gas (CNG) and liquefi ed petroleum gas (LPG) are widely used for vehicles.

However, persistent natural gas shortages have placed CNGpowered vehicles under increasing pressure.

Drivers often spend hours waiting to refuel, reducing productivity and increasing operating costs.

Meanwhile, rising international oil prices have signifi cantly increased transportation costs.

Although domestic diesel prices have been adjusted upward, the government continues to provide substantial subsidies to shield consumers from the full impact of higher global energy prices.

Bangladesh has also witnessed the rapid and largely unregulated expansion of lead-acid battery-powered electric rickshaws.

Because many operate without offi cial registration, reliable statistics on their actual numbers remain unavailable.

Experts warn that the improper use and disposal of lead-acid batteries pose serious risks to soil and water quality.

The absence of regulated charging facilities has also resulted in widespread electricity losses and unsafe power connections.

Moreover, the rapid growth of unregulated batterypowered rickshaws has contributed to traffi c congestion and road safety concerns, particularly in Dhaka.

Experts therefore argue that these three-wheelers should be incorporated into the formal EV framework through mandatory registration, standardized safety regulations, and the gradual replacement of environmentally hazardous lead-acid batteries with cleaner and more sustainable technologies.

Government Policy Priorities Promoting green transportation has become one of the government’s key policy priorities.

It aims to ensure that 30 percent of all vehicles on Bangladesh’s roads are electric by 2030.

As part of the government’s election commitments, Prime Minister Tarique Rahman has emphasized the development of a modern, environmentally friendly, and carbonneutral transport system.

Under his directive, the government has initiated the procurement of electric buses for the Bangladesh Road Transport Corporation (BRTC), along with electric minibuses dedicated to improving safe transportation for women.

The government has also decided to gradually electrify its own vehicle fl eet.

Recently, the Finance Division approved a Tk 4 billion loan for BRTC to procure 100 electric buses.

In addition, all ministries, government departments, autonomous organizations, and state-owned enterprises have been instructed to purchase only fully electric vehicles for new acquisitions under both development and operating budgets.

Another initiative is underway to procure 100 electric minibuses through BRTC to provide safer transportation for women.

Fiscal Incentives and Investment Promotion To encourage investment in the EV industry, the government has introduced a series of fi scal incentives designed to attract both domestic and foreign investors.

These include: Duty and tax exemptions on the import of electric buses and trucks through 2030.

Elimination of taxes on EV charging equipment, reducing the rate from 39.75 percent to zero.

A 10-year corporate income tax holiday for companies establishing EV charging stations.

Policy support to encourage local assembly and manufacturing instead of importing fully built vehicles.

Bangladesh Bank has also expanded its green fi nance program to support environmentally friendly technologies and renewable energy projects, creating opportunities to fi nance EV manufacturing and related industries.

Potential for Electric Public Transport The greatest transformation from EV adoption is expected in Bangladesh’s public transportation system.

BRTC currently operates a fl eet of more than 1,000 buses and plans to gradually replace conventional buses with electric models.

Signifi cant opportunities also exist for electric buses in city corporations, metro rail feeder services, and intercity transportation.

Experts believe that introducing route-based electric bus services in Dhaka and other major cities could substantially reduce fuel consumption while signifi cantly improving urban air quality.

Since Bangladesh’s public transport system is largely operated by private companies, experts recommend developing a clear national roadmap that establishes timelines for the gradual transition from fossil fuelpowered buses to electric fl eets.

They also stress the need for nationwide charging infrastructure and easier access to low-interest fi nancing for private operators investing in electric mobility.

The Private Passenger Vehicle Market Electric vehicles still account for only a small share of Bangladesh’s private car market.

Although overall car ownership remains relatively low compared with many countries, several barriers continue to discourage consumers from switching from gasoline- or CNGpowered vehicles.

The principal challenges include: High purchase prices Limited charging infrastructure Inadequate after-sales service Concerns about battery life An underdeveloped resale market Nevertheless, alongside established global manufacturers, Chinese brands such as BYD, MG, Changan, Geely, Neta, and Dongfeng are steadily expanding their presence in Bangladesh.

Industry observers expect EV prices to become more affordable once local assembly begins.

Experts argue that imported EVs remain beyond the reach of most Bangladeshi consumers.

Expanding domestic assembly and manufacturing would reduce costs while strengthening the country’s industrial base.

Access to affordable fi nancing also remains a major obstacle.

They therefore recommend governmentbacked fi nancing programs and lowerinterest loans to accelerate EV adoption.

Lower Operating Costs, Higher Effi ciency A recent seminar organized by the Dhaka Chamber of Commerce and Industry (DCCI) highlighted the signifi cant economic advantages of electric vehicles over conventional internal combustion engine vehicles.

According to presentations at the seminar, operating an EV costs only Tk 2.80-3.80 per kilometer, compared with Tk 11-14 per kilometer for petrol-, diesel-, or CNG-powered vehicles.

Maintenance costs are also estimated to be 30-50 percent lower because EVs have fewer moving mechanical parts and no internal combustion engine.

In addition, EVs achieve energy effi ciency of 75-90 percent, substantially outperforming conventional vehicles and making them a more economical and environmentally sustainable transportation option over the long term.

EV Investment Landscape According to the Bangladesh Economic Zones Authority (BEZA), Bangladesh Auto Industries Ltd.

has become the country’s fi rst EV manufacturer.

The company has invested nearly Tk 10 billion in an EV manufacturing facility on a 100-acre site at the National Special Economic Zone in Chattogram.

Managing Director Mir Masud said an additional Tk 5-6 billion in investments is planned.

Nasir Group plans to invest Tk 5 billion in EV manufacturing and charging infrastructure, while Akij Group has announced a similar investment.

Runner Group, which currently imports and markets BYD vehicles, is also moving into domestic manufacturing.

According to Managing Director Amid Sakif Khan, Runner plans to invest Tk 3.5-4.0 billion in an EV manufacturing facility, in addition to the Tk 2 billion already invested at its Bhaluka factory.

RANCON Group has announced plans to invest Tk 2.0-2.5 billion in EV manufacturing and charging infrastructure.

Walton and PRAN-RFL Group are each planning investments of around Tk 2 billion, primarily in electric scooter production.

According to the Bangladesh Investment Development Authority (BIDA), investment proposals worth approximately Tk 2.45 billion have been received from 14 local and foreign companies covering EV assembly, lithium-ion battery manufacturing, spare parts production, and IoTenabled charging networks.

Market Outlook Several international brands-including BYD, BMW, Mercedes-Benz, and Audi- are now selling EVs in Bangladesh.

Combined annual sales are estimated at 200-300 vehicles.

According to Faisal Ahmed, Head of Sales at Mercedes-Benz Bangladesh, a conventional vehicle typically requires Tk 15,000-20,000 per month in fuel expenses, whereas an EV covering the same distance incurs electricity costs of only Tk 2,000-3,000.

Electric buses offer similar operating cost advantages.

Although the latest national budget reduced taxes on standard EVs, it increased duties on luxury EVs while lowering import duties on plug-in hybrid vehicles.

Industry representatives say the lack of charging facilities remains the biggest obstacle.

Importers have therefore begun fi nancing a limited number of private charging stations, but large-scale public investment will be essential for widespread EV adoption.

According to the Bangladesh Road Transport Authority (BRTA), 830 EVs had been registered by June this year.

Registrations increased from just four vehicles in 2021 to 478 during the fi rst half of 2026 alone, indicating that the market is beginning to gain momentum.

Charging Infrastructure Remains the Biggest Challenge Experts agree that a reliable nationwide charging network is the single most important prerequisite for large-scale EV adoption.

Although a handful of private companies have established charging stations, Bangladesh will require an extensive network of fast chargers along highways, in major cities, shopping centers, residential areas, and government facilities.

Experts also recommend that electricity distribution companies develop smart grids, introduce time-of-use electricity tariffs, and integrate renewable energy into EV charging systems.

Solar-powered charging stations equipped with battery storage could further reduce pressure on the national grid while creating new green jobs.

Role of Development Partners International development partners are actively supporting Bangladesh’s transition toward electric mobility.

Organizations including the World Bank, Asian Development Bank (ADB), Japan International Cooperation Agency (JICA), GIZ, UNDP, UNEP, and the International Finance Corporation (IFC) are providing policy support, technical assistance, and climate fi nance for sustainable transportation initiatives.

Bangladesh could also benefi t from international climate funds to fi nance low-carbon transport and EV infrastructure in the years ahead.

Expert Perspectives Dr.

Khondaker Golam Moazzem, Research Director at the Centre for Policy Dialogue (CPD), argues that importing EVs alone will not be suffi cient.

Bangladesh must simultaneously develop domestic manufacturing, charging infrastructure, battery management systems, and fi nancing mechanisms.

Without consistent longterm policies, he says, the industry cannot achieve sustainable growth.

Dr.

Rashed Al Mahmud Titumir, Adviser to the Prime Minister on Finance and Planning, recently emphasized that the energy transition is not merely an environmental necessity but also an economic strategy.

He called for greater investment in domestic manufacturing of batteries, solar technologies, and related components.

Engr.

Shafi qul Alam, Lead Energy Analyst for Bangladesh at the Institute for Energy Economics and Financial Analysis (IEEFA), believes the incentives announced in the current budget will accelerate sectoral growth.

According to him, the measures support not only EV imports and charging stations but also domestic assembly, helping reduce dependence on diesel and CNG.

He also suggested that the government’s goal of making 30 percent of all vehicles electric by 2030 should be even more ambitious.

Global Momentum The global EV market continues to expand rapidly.

According to the International Energy Agency (IEA), nearly one in every four new cars sold worldwide in 2025 was electric.

China remains the world’s largest EV market, while Europe and the United States continue investing heavily in charging infrastructure and battery manufacturing.

Countries including China, Norway, the Netherlands, Sweden, and the United Kingdom have announced plans to phase out new gasoline and diesel vehicle sales.

At the same time, falling battery costs and technological advances continue to make EVs more affordable worldwide.

Key Challenges Ahead To ensure sustainable growth of Bangladesh’s EV industry, experts recommend prioritizing: Finalization of the National Electric Vehicle Policy.

Development of a nationwide fastcharging network.

Promotion of local manufacturing of batteries, motors, and charging equipment.

Building a skilled workforce for EV maintenance and servicing.

Establishing a comprehensive battery recycling system.

Integrating EV charging with renewable energy.

Conclusion The expansion of electric vehicles in Bangladesh is no longer simply an environmental initiative.

It has become a strategic pillar of the country’s energy security, import substitution, industrialization, employment generation, and climate ambitions.

Recent policy reforms, tax incentives, and government plans to electrify public transportation have sent encouraging signals to investors.

Yet the long-term success of Bangladesh’s EV transition will ultimately depend on coherent policies, robust charging infrastructure, sustained private-sector investment, stronger domestic manufacturing, and growing consumer confi dence.

If these challenges are addressed through coordinated action, Bangladesh has the opportunity to emerge as one of South Asia’s leading examples of sustainable, low-carbon transportation over the coming decade

UK’s New PM Orders Cut in Taxes on Power Bills

Britain’s new Prime Minister Andy Burnham recently announced the removal of value added tax (VAT) on UK domestic electricity bills from October, his fi rst measure to ease the cost of living for millions of Britons.

‘We’re taking immediate action to cut taxes on energy bills, put more money in people’s pockets and bring back hope,’ he said in a statement one day after he entered Downing Street.

The measure is a saving of about £45 ($61) a year on the average household bill, the Labour government said.

The measure’s start date is due to coincide with an expected rise in the UK energy regulator’s price cap on electricity and gas prices.

‘Government is tackling rising bills with a tax cut to remove VAT from domestic electricity bills from October 1 in time to impact the next Ofgem price cap,’ yesterday’s statement said.

Extended Energy Supply Disruption to Impact Global Economy: IMF

Christian Mumssen, director of strategy for the International Monetary Fund, said he believed offsetting forces that had prevented the war in West Asia from hitting global growth harder thus far would remain in effect, but a very long disruption to energy supplies would clearly affect the outlook.

Mumssen, asked if the resumption of hostilities between the United States and Iran would force the IMF to revise its estimate of 3 percent global growth in 2026, said it was very diffi cult to say where the global lender’s October forecast would land.

‘Internally, we will have to continue to think in scenarios.

And for some countries, the question of energy prices …

is, of course, extremely important,’ he said.

Bangladesh, Russia Reaffi rm Commitment to Expanding Energy Cooperation

Bangladesh and Russia have reaffi rmed their commitment to strengthening bilateral relations, with a particular focus on expanding cooperation in the energy sector and other areas of mutual interest.

The commitment was made during a bilateral meeting between Bangladesh Foreign Minister Dr.

Khalilur Rahman and Russian Foreign Minister Sergey Lavrov on the sidelines of an international event in Manila, the Philippines recently, according to a statement issued by the Ministry of Foreign Affairs.

Dr.

Khalilur Rahman led the Bangladesh delegation, accompanied by Prime Minister’s Adviser on Foreign Affairs Humayun Kabir, while Sergey Lavrov headed the Russian delegation.

During the meeting, the two foreign ministers reviewed the existing BangladeshRussia partnership, placing special emphasis on enhancing collaboratio

Every single one of these targets feeds into our shared vision of making our cities safer, our economies more competitive, our communities more resilient, and our future generations stronger.

Chaired by COP31 President-Designate and Minister of Environment, Urbanization and Climate Change Murat Kurum, senior climate and environment offi cials from Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, Azerbaijan, and Trkiye convened in Istanbul.

Addressing the D-8 COP31 Meeting- held for the fi rst time on the margins of a Ministerial Meeting on Environment, Minister Kurum stressed that climate change is a global crisis affecting economic development, cities, food security, energy systems, and communities.

Highlighting that host nation Trkiye places environmental stewardship, urban development, and climate action at the heart of its sustainable growth strategy, Kurum remarked: ‘We are fully prepared to leverage the COP31 platform to share our experience with all parties- from post-disaster rebuilding and the Zero Waste Movement to resilient cities, energy effi ciency, the circular economy, sustainable infrastructure, and green tech.’ Director of Climate Change Prof.

Halil Hasar also attended the summit.

Reiterating that Trkiye’s roadmap for COP31 is built on three core pillars- Dialogue, Consensus, and Action- Minister Kurum outlined the 10 priority action areas designed to deliver a true ‘COP of the Future.’ Minister Kurum listed the key global targets for 2035: ‘We have set ambitious global goals, including boosting global electrifi cation to 35%, cutting the growth rate of waste generation in half, slashing energy intensity in buildings by at least 25%, and raising the use of circular materials in manufacturing to at least 15%.

We are also committing to ensuring every child and young person receives quality education on climate change and climate-resilient agriculture, alongside driving climate fi nance to the frontlines faster, more effectively, and more inclusively.

Every single one of these targets feeds into our shared vision of making our cities safer, our economies more competitive, our communities more resilient, and our future generations stronger.’

IEA Warns Middle East Confl ict Continues to Threaten Global Oil and Gas Security

The International Energy Agency (IEA) has warned that the escalating confl ict in the Middle East continues to pose signifi cant risks to global energy security, despite emergency measures and alternative supply routes helping to stabilize oil and gas markets.

In a statement, IEA Executive Director Fatih Birol said the worsening security situation around the Strait of Hormuz and threats to the Bab el-Mandeb Strait have heightened concerns over global energy supplies and increased uncertainty in oil markets.

Birol noted that crude oil markets have so far been cushioned by continued exports from Gulf producers, particularly Saudi Arabia and the United Arab Emirates, which have redirected shipments through alternative routes while maintaining some exports via the Strait of Hormuz.

Energy Ministry Pushes Faster Approval Process for Gas Exploration Projects

The Ministry of Power, Energy and Mineral Resources has proposed major regulatory changes to speed up domestic gas exploration and production, aiming to reduce Bangladesh’s growing reliance on imported liquefi ed natural gas (LNG).

In separate letters to the Planning Ministry, Energy Minister Iqbal Hassan Mahmood sought exemptions from mandatory third-party feasibility studies for selected gas projects and proposed allowing self-fi nanced exploration projects to be approved by the Energy Ministry instead of the Planning Commission and ECNEC.

The ministry plans to drill 117 wells under 27 projects over the next fi ve years, targeting an additional 1,535 MMCFD of gas supply by 2031.

It argues that faster approvals would accelerate implementation, lower dependence on LNG imports and save valuable foreign exchange.