The European Union has made a major commitment to help Bangladesh transition to cleaner energy sources. The European Union will allocate €1.3 billion to boost the use of renewable energy in Bangladesh’s industry, marking one of the largest international investments in the country’s green energy sector. This exciting development was announced in Dhaka by Michal Krejza, director of the European Commission’s cooperation unit. The funding comes through the EU’s larger “I’ve got the Power” program, which aims to promote renewable energy adoption in developing countries around the world. The investment will have a direct positive impact on Bangladesh’s textile industry, which is crucial for the country’s economy. This means thousands of textile workers and factory owners will benefit from cleaner, more sustainable energy sources. Bangladesh has set ambitious goals for renewable energy adoption. The EU earlier offered the amount in the form of support to help the country enhance renewable energy use by over 3% in the short term. Currently, Bangladesh relies heavily on traditional energy sources. The country’s power generation comes mainly from natural gas, coal, and heavy fuel oil, with renewable energy making up only a small portion of the total energy mix. Many factories and industrial facilities need substantial investment to switch from traditional energy sources to renewable options like solar and wind power. Representatives from both the EU and Bangladesh have been working together to identify priority projects that will receive funding first. These meetings ensure that the money goes to the most impactful renewable energy initiatives that can deliver results quickly. Solar power installations, wind energy systems, and other clean energy technologies will gradually replace older, pollution-causing methods in factories and industrial areas. This partnership demonstrates how international cooperation can drive meaningful environmental progress. The EU’s investment not only helps Bangladesh meet its climate goals but also strengthens economic ties between Europe and South Asia. For ordinary citizens, this investment means cleaner air, more stable energy prices, and new job opportunities in the growing renewable energy sector. As factories switch to cleaner energy sources, communities will experience less pollution and better health outcomes. The textile industry’s transition to renewable energy will also help Bangladesh maintain its competitive position in global markets. Many international buyers increasingly prefer products made using sustainable energy sources, making this transition economically smart as well as environmentally beneficial. Bangladesh’s commitment to renewable energy, supported by this substantial EU investment, positions the country as a leader in South Asia’s clean energy transition. The success of these projects could serve as a model for other developing nations seeking to balance economic growth with environmental responsibility. This major investment represents hope for a cleaner, more sustainable future for Bangladesh’s industries and communities.
