Bangladesh requires an annual investment of at least Tk21,750 crore to achieve its renewable energy targets by 2030, leading civil society organizations said while warning that current budgetary allocations and a restrictive tax order could derail the country’s green transition.
Speaking at a press conference on 21 June, representatives from major environmental and rights groups stated that whilst the government’s decision to remove import duties, value added tax, and advance income tax on clean energy equipment for fi scal 202627 is welcome, the current sector blueprint remains deeply flawed.
The groups highlighted that the state has earmarked only Tk379.24 crore for renewable energy – a mere 2.2% of the total Tk17,193 crore power sector allocation – leaving a massive publicprivate funding defi cit that threatens the national target of installing 10,000 megawatts of solar power by 2030.