News & Events


Roundtable on Green Financing for Energy Sustainability


PRESS RELEASE

Sustainable & Renewable Energy Development Authority (SREDA) under Power Division, Ministry of Power, Energy and Mineral Resources organized a Roundtable Discussion on “Effect of Green Financing for the Energy Sustainability: Role of Banks and Financial Institutions” jointly with Bangladesh Institute of Bank Management (BIBM) and GreenTech Foundation Bangladesh and in cooperation with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH. The event took place on 22 July 2018 at 10:30 am at SREDA Auditorium, IEB Building, Level -10, Ramna, Dhaka. Professor Dr. Shah Md. Ahsan Habib, Director (Training) presented key note paper.

Mr. M A Mannan, MP, Honorable State Minister, Ministry of Finance, present as Chief Guest. Secretary, Economic Relations Division, Additional Secretary, Power Division, Director General, BIBM and Deputy Governor of Bangladesh Bank, present as Special Guests. Representatives of other development partner agencies such as the World Bank, IFC, KfW, UNDP and ADB will also be present as discussant. Mr. Md. Helal Uddin, Chairman will preside over the program while many Bankers and the stakeholders from Financial Institutions will join the event as discussants.

"To improve energy security, especially for the developing economies which are more vulnerable to energy price fluctuations, it is also important to diversify the energy basket by minimizing dependence on fossil fuels and increasing alternative green resources, i.e. renewable energy resources. However, renewable energy projects (i.e. solar power plants, wind power generators) and projects for raising energy efficiency require high investment costs," said the statement.

Banks are often reluctant to lend to renewable energy projects because from their point of view, these projects are risky. To inform about the long­term benefits and positive impact of the investment in the renewable energy sector, the statement added.

The discussion session will highlight the effects of financing green energy projects and explore solutions for maintaining energy security for sustainable development.

It will highlight financial barriers in the development of renewable and green­energy projects, role of public– private partnerships in raising private sector investment in modern green­energy projects such as solar and wind, policy instruments needed to secure private capital for modern green­energy projects, governments’ role in fiscal policy (reform and carbon tax) in securing private investment in green­energy projects, how to finance and promote investments in the green­energy market to raise energy efficiency in housing, manufacturing, and transport, among others and mapping the role of new sources in financing and investing in green­energy projects.

Written by Manager

Sunday 22nd July 2018