Prospect of Renewable Energy Transition in Bangladesh’s RMG Industry

Fahmida Khatun and Estiaque Bari

No 54, CPD Report from Centre for Policy Dialogue (CPD)

Abstract: In Bangladesh, the Readymade Garment (RMG) industry stands as the backbone of the nation’s economy, driving over 80 per cent of its foreign export revenue. However, the recent global energy crisis, spurred by the Ukraine War, has cast a shadow over this vital sector. The Government of Bangladesh’s response to the crisis, marked by escalating electricity tariffs, has intensified production costs for industries, imperiling their sustainability.

Keywords: Renewable Energy; Energy Transition; Readymade Garment (RMG); RMG Industry; Energy crisis; Bangladesh (search for similar items in EconPapers)
Pages: 23 pages
Date: 2024-05
New Economics Papers: this item is included in nep-cis, nep-ene and nep-env
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