Bangladesh to accelerate investment in renewable energy

Bangladesh Energy Regulatory Commission (BERC) has initiated a move to prepare a ‘Feed-in-Tariff’ (FIT) structure for renewable energy to promote its use in the country. FIT is a policy mechanism which is aimed at accelerating investment in renewable energy technologies, reports UNB.

According to BERC officials, the regulatory body has successfully pursued the USAID (United States Agency for International Development) to help prepare the FIT under a project being financed by the American agency.

Under the project, Deloitte Touche Tohmatsu Emerging Markets, Ltd (Emerging Markets Group, or. EMG), a consultant firm, will prepare the FIT considering the socio-economic conditions and technological cost of different renewable energies like solar, wind or biomass.

Click here to read the full story.

Thanks for reading to the end of this story!

We would be grateful if you would consider joining as a member of The EB Circle. This helps to keep our stories and resources free for all, and it also supports independent journalism dedicated to sustainable development. It only costs as little as S$5 a month, and you would be helping to make a big difference.

Find out more and join The EB Circle

Advertisement
Asia Pacific’s Hub For Collaboration On Sustainable Development
An Eco-Business initiative
The SDG Co