Mujib Climate Prosperity Plan

The Mujib Climate Prosperity Plan, published in September 2021, serves as Bangladesh's roadmap for climate resilience, energy independence and access, and renewable energy through 2030. Through this plan, the country aims to achieve 30% renewable energy consumption and 30% electrified transport, driven by the need to protect vulnerable communities and encourage economic development. This includes goals to modernise the grid, extend energy access to 100% of the population, replace domestic energy capacity with renewables (including green hydrogen) and achieve 100% clean cooking solutions. The framework is expected to result in the creation of 4.1 million climate-resilient jobs. Investment needs of USD 80 billion will be financed through a mix of public and private financing along with international partner support. In 2021, Bangladesh rejected proposals to build 10 new coal-fired power plants. Instead, the plan foresees that existing coal and natural gas plants will become energy hubs, converted to either green hydrogen, waste-to-energy or biomass plants. The goal is to reduce natural gas imports and to upgrade existing infrastructure to be capable of handling 30% green hydrogen starting in 2030.

Source: See endnote 55 in chapter 02.

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