Description:
To attain the transformation towards clean and renewable energy (RE), the Government of Bangladesh (GoB) formulated the “Mujib Climate Prosperity Plan” in November 2022 which sets an ambitious RE target of attaining the RE target of 30% by 2030 and 40% by 2041. Therefore, detailed and long-term financial planning is needed to attain the targets outlined in the national plans. This study analyses the power and energy sector in the national budget for FY2023-24. Putting RE at the forefront, this study investigates the priorities of the national budget FY2023-24 concerning RE. It incorporates a critical analysis of the Integrated Energy and Power Master Plan (IEPMP) and its implication for the national budget. It also provides an overview of the fiscal space for attaining the RE target for the national budget. Finally, it highlights some policy suggestions for the power and energy sector in the national budget for FY2023-24 considering the policy deficiencies and the government’s stated commitment towards energy security and clean and RE targets.
Download the report:
https://sanemnet.org/wp-content/uploads/2024/03/Final_Report_Budget_Analysis_SANEM.pdf
Publication Date: 1 March 2024
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