Bangladesh earned its first-ever revenue from carbon credits – permits that allow the owner to emit a certain amount of carbon dioxide or other greenhouse gases – way back in 2006, when the Infrastructure Development Company Limited (Idcol) registered its maiden clean development mechanism project with the United Nations Framework Convention on Climate Change.
As Bangladesh steps towards graduation from the status of a least developed country expected in 2026, new challenges are emerging. In 1972, food was a priority. For a few decades since then, the key focus was poverty reduction. Today, the challenge is to move upward – attaining the upper middle-income status by 2031. To achieve this vision, Bangladesh needs to create jobs,
Staff Correspondent,
bdnews24.com
Published: 11 Dec 2020 04:06 AM BdST
Updated: 11 Dec 2020 04:06 AM BdST
The French Development Agency AFD has agreed to provide 100 million euros in loan to Bangladesh for the digitalisation of the country’s power and energy sector. );
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The deal aims to reinforce France’s role as an “active participant in the search for and use of advanced digital solutions in power and energy sector in Bangladesh”, the French embassy said in a statement on Thursday.
The support comes via AFD’s concessional sovereign loan and will go towards financing projects titled Construction and Augmentation of Substation and Installation of the Capacitor Bank in Power System under DPDC.