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The government established the Sustainable and Renewable Energy Development Authority to support the Renewable Energy Policy through the Sustainable and Renewable Energy Development Authority Act in 2012. Bangladesh also joined the International Energy Agency after the agency was founded. [6] [7] [8]
Renewable energy in Bangladesh refers to the use of renewable energy to generate electricity in Bangladesh. The current renewable energy comes from biogas that is originated from biomass, [1] hydro power, solar and wind. [2] [3] According to National database of Renewable Energy total renewable energy capacity installed in Bangladesh 1374.68 MW ...
[1] [2] It is mainly responsible for all policies and matters relating to electricity generation, transmission, and distribution from conventional and non-conventional energy sources including hydro electricity. It also deals with the Import, Distribution, Exploration, Extraction, Pricing, and other policy related details of the primary fuels.
The Government agencies in Bangladesh are state controlled organizations that act independently to carry out the policies of the Government of Bangladesh. The Government Ministries are relatively small and merely policy-making organizations, allowed to control agencies by policy decisions.
The commission was created in 2003 and is responsible for the setting of gas, petroleum oil and electricity prices in Bangladesh. As the regulator, it also arbitrates disputes in the energy industry. [2] Its approval is needed for any changes in the price of electricity, gas and petroleum oil. [3] The Energy Security Fund is under this agency. [4]
Bangladesh Energy Regulatory Commission Act, 2003 ... Sustainable and Renewable Energy Development Authority Act, 2012; ... Bangladesh Investment Development ...
Natural gas accounts for about 70% of the country's commercial energy supply. According to a study conducted in 2003 by Hydrocarbon unit of the Energy and Mineral Resources Division and Norwegian Petroleum Directorate, the initial gas reserve of the 22 discovered gas fields of the country amounts to 28.4 trillion cubic feet (TCF) out of which 20.5 TCF is considered recoverable.
Bangladesh has planned to produce 10% of total power generation by 2020 from renewable energy sources like wind, waste, and solar energy. The country plans to increase its renewable energy share to 17% by 2041 under its Intended Nationally Determined Contribution (INDC) commitment to reduce greenhouse gas emissions by 5% until 2030. [4]