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Global slowdown, higher costs and policy uncertainty drive shift towards profitability, energy security and adaptation.
The hill districts in the Chittagong region in Bangladesh have seen a large-scale switch from the traditional shifting agriculture, or jhum, to more profitable cash crop cultivation in recent years.
Achieving a 17 per cent carbon intensity cut by 2030 will be challenging given rising power demand, industrial growth and economic uncertainty.
The renewable energy resource, which has received loan financing for exploration and early-stage drilling, could help shield the country from energy security risks brought about by the conflict in the Middle East, said Philippine energy secretary Sharon Garin.
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