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Scaling up clean energy investments

Date
Time (GMT +00) 13:00 14:30
Hero image description: Low Carbon Challenge Fund. Image credit:Scottish Government Image license:CC-BY-NC-ND

Introduction

Judith Herbertson @JSHerbertson – Director of Development, UK Foreign, Commonwealth and Development Office

Moderators

Saleemul Huq @SaleemulHuq – Director, International Centre for Climate Change and Development (ICCCAD), Bangladesh

Simon Maxwell @SimonMaxwell001 – Senior Research Associate, ODI

Opening remarks

Ken O’Flaherty @kenofl – UK government’s Regional COP26 Ambassador for Asia-Pacific and South Asia

Ahmad Kaikaus – Principal Secretary of the Prime Minister's Office Bangladesh

Case studies

Mohammad Alauddin – Chairman, SREDA (Sustainable and Renewable Energy Development Authority)

Jim Watson @watsonjim2 – Professor of Energy Policy, UCL Institute for Sustainable Resources

Eshrat Waris – SolShare

Toby Ferenczi @TobyFerenczi – Director of International, OVO Group

Description

Bangladesh has the highest off-grid solar PV access rate in the world which has been important in ensuring last mile energy access in rural areas. There has also been a rapid uptake of solar home systems serving around 18 million people, and the government of Bangladesh plans to deploy 50,000 solar pumps by 2025. Hydro, solar, wind, and other sources of renewable energy generation capacity are expected to grow at an average rate of 6.5 percent per year to 2041 and IFC estimates an investment opportunity of $3.2 billion in Bangladesh’s renewable energy sector to 2030.

The UK recently announced an ambitious ten-point plan for a green industrial revolution which will mobilise £12 billion of government investment to create and support up to 250,000 highly-skilled green jobs in the UK, and spur over three times as much private sector investment by 2030. The UK has the world’s largest offshore wind portfolio and with well over a decade of commercial deployment, UK companies are uniquely well placed to bring this learning to emerging markets.

In this webinar, experts from the UK and Bangladesh give insights on clean energy development in both countries. This event is part of the UK-Bangladesh Climate Partnership Forum virtual series which is building momentum on the journey to COP26. Watch previous sessions and download resources.

If you are unable to attend this event but would like to receive updates about the series, sign up for updates