Petrobangla to Import 7 More LNG Cargoes Annually to Boost Fertiliser Production

State-run Petrobangla has decided to import at least seven additional LNG cargoes annually, preferably from the spot market, using the proceeds from the recent tariff hike in order to feed the gas-starved fertilizer factories. ‘We’ll include the plan for additional liquefied natural gas (LNG) cargo import in the Annual Delivery Program for 2026,’ a senior official at Petrobangla said.

the additional LNG imports are intended to ensure increased gas supply to fertilizer factories, which have faced repeated shutdowns due to chronic gas shortage, he said. The Bangladesh Energy Regulatory Commission (BERC) has increased the natural gas tariff for fertilizer factories by 82.81 per cent to Tk 29.25 per cubic meter, effective from December 1. The commission raised the tariff following a public hearing on October 6 over proposals from Petrobangla and its subsidiary gas marketing and distribution companies.

Green Economy Expected to Surpass $7.0tr in Annual Value by 2030

Businesses across industries are already benefiting from the strong growth of the green economy, the second-fastest growing sector over the past decade. A new report, Already a Multi-TrillionDollar Market: A CEO Guide to Growth in the Green Economy, finds that the green economy has already reached $5 trillion a year and is on track to exceed $7.0 trillion within the decade. Developed in collaboration with the Boston Consulting Group, the research indicates that despite economic uncertainty and diverging environments, investment in green technologies continues to reach record highs. The report identifies the green economy as one of the world’s fastest growing sectors, outpaced only by tech, and highlights the advantages enjoyed by many companies embracing green solutions.

the research shows that companies with green revenues often outperform across multiple financial metrics.

on average, green revenues grow two times faster than conventional business lines across the market, while the cost of capital for companies with green revenues is typically lower.

Carbon Trading Mechanisms Must Function as Investment Channels: Rizwana

Environment Adviser Syeda Rizwana Hasan has said that carbon trading mechanisms must function simultaneously as investment channels, technology transfer instruments, and mitigation tools. ‘Even if we receive full adaptation financing, we cannot guarantee protection of our coastal regions unless mitigation is strengthened,’ she stated, adding that adaptation has clear limits, making mitigation the ultimate pathway to long-term resilience. She made the remarks while addressing a workshop titled Business Forum on Joint Crediting Mechanism (JCM) Project Matchmaking and Advancing Article 6 Implementation in Bangladesh at the Department of Environment, organized in collaboration with the Ministry of the Environment, Japan recently.

the Advisor welcomed the revised JCM rules aligned with Article 6 of the Paris Agreement and noted Bangladesh’s pre-launch of its first national carbon market framework during COP30.

Doreen Power Exits Gas-Fired Power, Sells Final Plant as Scrap

Doreen Power has decided to sell its last gasbased power plant as scrap, e f f e c t i v e l y shutting down its electricity g e n e r a t i o n operations from natural gas.

it will continue generating revenue and profits from its subsidiaries, which are heavy fuel oil-based power plants, until 2037.

according to a recent stock exchange filing, the company’s board of directors decided to sell all noncurrent assets of its Narsingdi 22MW power plant upon the expiry of a 15-year contract with the Bangladesh Rural Electrification Board (BREB).

the company also said it was not interested in renewing the deal.

the company has already sold its plants in Tangail and Feni after failing to renew contracts with the government.

the same thing happened with the third plant. Doreen Power started its business with gas-based power plants with a capacity of 22 MW each. However, no revenue has been generated from these plants since 2024.

In The Heart Of The Amazon

The Amazon has a way of reminding you of scale.

its rivers stretch endlessly, its forests breathe with an ancient rhythm, and its air carries the weight of stories older than nations. When COP30 convened in Belém, that scale became more than a backdrop; it became a message.

the world gathered at the edge of one of the planet’s most vital ecosystems, not as tourists or observers, but as policymakers, scientists, activists, and negotiators confronting a crisis that grows more urgent with each passing year.

and as a Party Delegate from Bangladesh, a nation molded by rivers and threatened by rising seas, I felt the weight of that urgency deeply.

unlike previous climate conferences held in sterile convention halls far from the landscapes they seek to protect, COP30 unfolded in the cradle of the Amazon.

that alone shaped the tone of the event.

every conversation on adaptation or mitigation felt connected to the pulsing green expanse surrounding us.

the presence of Indigenous communities, whose cultures are interwoven with the rainforest, brought a grounded clarity to discussions that can often feel abstract.

their voices, alongside scientists and youth leaders, set a moral compass that was di?cult for any delegation to ignore. Negotiations at COP30 followed the familiar rhythm of global climate diplomacy; constructive but cautious, aspirational yet constrained by political and economic realities. Still, there was a renewed intensity this time.

the world had come face-toface with escalating climate disasters, and the symbolism of the Amazon made complacency feel inappropriate, even irresponsible. While countries rea?rmed their commitment to scaling up renewable energy and strengthening global adaptation frameworks, progress was neither as swift nor as comprehensive as the moment demands. For me, the conference was a journey across multiple roles as an engineer, climate ?nance professional, youth advocate, and representative of one of the most climate-vulnerable nations on Earth.

i had the opportunity to speak across several pavilions, engaging in conversations on renewable energy ?nancing, climate policy, and the growing in?uence of young people in the climate movement.

in those dialogues, I emphasized the need for accessible and innovative ?nancing mechanisms that can unlock clean energy transitions in countries like Bangladesh.

too often, the global south is asked to achieve low-carbon development without the ?nancial tools that make such transitionspossible. Blended ?nance, concessional loans, de-risking instruments, and transparent climate investment pipelines were recurrent themes in my exchanges with policymakers, private ?nanciers, and international institutions.

the response was encouraging. Many acknowledged that nations such as Bangladesh are not passive recipients of climate impacts but active innovators, particularly in adaptation, communitybased resilience, and emerging renewable solutions.

this recognition rea?rmed the role of countries like ours, not only as frontline victims of climate change but also as laboratories of resilience and ingenuity. Yet, even amid promising dialogues, the gaps in global commitment were impossible to ignore.

one of the most pressing disappointments of COP30 was the lack of a decisive breakthrough on the new climate ?nance goal; a longanticipated framework intended to replace the outdated USD 100 billion annual pledge. Negotiations dragged on without a consensus on the scale of funding or how developed nations would be held accountable.

this uncertainty casts a shadow over the hopes of countries that rely on predictable climate ?nance to build resilience and transition to clean energy. Similarly, discussions on phasing out fossil fuels remained tangled in political hesitation. While some progress was made, the ?nal language stopped short of the decisive ‘phase-out’ commitment many had hoped for. For a world rapidly approaching irreversible climate tipping points, this reluctance felt both dangerous and disheartening.

the operationalization of the Loss and Damage fund, too, left much to be desired. Pledges were made, but questions lingered about how quickly and equitably funds would reach countries already su?ering profound climate-related losses. Despite these shortcomings, COP30 o?ered a powerful glimpse of what inclusive climate leadership looks like. Youth voices resonated across pavilions, often shifting conversations toward justice, equity, and long-term responsibility. Indigenous leaders spoke with a clarity rooted not in policy documents but in lived experience, reminding the world that climate action must begin with those who safeguard ecosystems daily.

their presence grounded the negotiations in a truth that is often overlooked: climate change is not just a scienti?c or ?nancial problem; it is a cultural, human, and moral challenge. For Bangladesh, COP30 held signi?cant meaning.

our country, shaped by its deltaic geography and challenged by cyclones, ?oods, and rising seas, attended with a clear message: climate justice must honor the experiences of those who contribute least to global emissions yet face the most devastating impacts. We pushed for predictable climate ?nancing, stronger commitments to adaptation, greater transparency in global pledges, and genuine partnerships for renewable energy expansion. While progress was mixed, our voice was persistent-and heard. Leaving Belém, I carried a layered sense of emotion.

the optimism came from witnessing genuine global intent, innovative ideas, and the resilience of youth movements that refuse to settle for half-measures.

the urgency came from the stark realization that time is running out for meaningful action, especially for vulnerable countries like Bangladesh. COP30 reminded me that climate diplomacy alone will not save us.

implementation, accountability, and courage will.

the Amazon sky, shifting from blazing afternoons to star-?lled nights, became a metaphor for where the world stands between light and shadow, hope and risk. The path forward demands ambition that matches the scale of our challenges and an unwavering commitment to justice and cooperation.

as we move beyond COP30, the responsibility lies with all of us delegates, policymakers, ?nanciers, communities, and youth to transform global promises into local realities

Putin O?ers India ‘Uninterrupted’ Oil in Summit Talks with Modi

Russian President Vladimir Putin recently said he was ready to continue ‘ u n i n t e r r u p t e d shipments’ of fuel to India, as New Delhi faces heavy US pressure to stop buying oil from Moscow.

uS President Donald Trump imposed punishing 50 percent tariffs on most Indian products in August, citing New Delhi’s continued purchases of Russian oil — revenue Washington argues helps fund the war in Ukraine. Prime Minister Narendra Modi, who is hosting Putin at a summit in New Delhi dominated by energy, defense, and trade talks, thanked the Russian leader for his ‘unwavering commitment towards India’. Putin, on his first visit to close partner India since the Ukraine war, was given a red-carpet welcome with an honor guard and 21-gun salute. ‘Russia is a reliable supplier of oil, gas, coal, and everything that is required for the development of India’s energy,’ Putin told Modi after talks. ‘We are ready to continue uninterrupted shipments of fuel for the fast-growing Indian economy,’ he added, according to an official translator.

Barapukuria Coal Mine Faces Potential Shutdown amid Multiple Crises

The Barapukuria Coal Mining Company Limited (BCMCL) in Parbatipur, Dinajpur, has been facing severe operational challenges that could lead to a shutdown within the next two to three years.

excessive coal stockpiling, declining demand from the adjacent thermal power plant, uncertainty over the upcoming annual general meeting (AGM), underground fire incidents, and structural damage have placed the mine at significant risks, according to internal sources.

according to the insiders, only one of the three units of the 525 MW Barapukuria thermal power plant is currently operational, significantly reducing daily coal consumption. As a result, the mine is now storing approximately 445,000 metric tons of coal-three times the safe storage limit.

authorities warn that excessive stockpiling increases the risk of harmful gas emissions and spontaneous combustion. Multiple letters have been sent to the Bangladesh Power Development Board (BPDB), but no substantial action has reportedly been taken.

IAEA Calls for Repair Work on Chernobyl Sarcophagus

The UN nuclear watchdog has said that the protective structure surrounding the exploded reactor at Chernobyl can no longer perform its main function of blocking radiation, after a Russian drone strike earlier this year.

inspectors from the International Atomic Energy Agency (IAEA) began a rare visit to Ukraine on December 1, to assess the status of key electrical substations supplying the country’s three nuclear sites that are still operational.

as part of the trip, the team also checked the defunct Chernobyl site’s New Safe Confinement (NSC), which was put in place to stop the release of radioactive material after the explosion of one of its reactors in 1986.

EXIM Bank Warns Payra Power Plant over Delayed Repayment

China’s EXIM Bank has warned the Bangladesh-China Power Company Ltd (BCPCL) that its failure to repay a US$129 million loan instalment due in early December could trigger a formal default event, potentially affecting other projects in Bangladesh financed by the bank.

the bank issued the caution after the joint-venture operator of the Payra 1,320MW coal power plant repeatedly missed instalment deadlines over the past few years, officials said, raising concerns about its overall repayment capacity.

in response, BCPCL has sought urgent intervention from the Finance Division to avert a default and protect Bangladesh’s sovereign credibility in dealings with the Chinese lender.

the warning was issued in a recent letter from China’s EXIM Bank to BCPCL, which the company’s managing director subsequently forwarded to the Finance Division, urging appropriate steps to ensure timely repayment of the 10th instalment, due on 8 December.

Chinese Firms Commit $80b in Overseas Clean Technology Investments: Report

billion in overseas investments in clean technology since last year, according to a report released recently by the Australian research group Climate Energy Finance (CEF).

in the October 2024-25 period, China’s position as ‘the dominant global investor in clean-energy manufacturing and infrastructure’ was ‘consolidated’ with its $80 billion worth of investments in disclosed new projects across 26 countries, according to the report. Geographically, Southeast Asia remains the primary manufacturing hub, led by Indonesia and Malaysia, ‘underscoring the region’s increasing economic integration with China,’ it added. Europe drew the most battery-related investments, while the Middle East and North Africa grew the fastest. Most of the outward Chinese investments, by scale and structure, increasingly favor large-ticket, multi-phase projects, the report said. China’s cleantech industrial dominance is becoming ‘increasingly central to its national economic and political interests,’ it noted.