Growth in the Renewable Energy Sector of Bangladesh: Challenges and The Way Forward

Abstract

Bangladesh has witnessed substantial growth in its renewable energy sector over the past two decades, spurred by increasing energy demand, ambitious government policies, and alignment with global climate commitments. However, the absence of standardized frameworks for renewable energy development presents significant challenges. This paper explores the factors driving the growth in Bangladesh’s renewable energy sector, evaluates key projects and their impact, analyzes both the challenges, and identifies pathways for sustainable development in the energy landscape, emphasizing the importance of economic, environmental, and social impacts in the transition to renewables.