A total of $8 billion investment will be needed to ensure 20 percent energy efficiency in industrial sector by 2030, said an official of the Sustainable and Renewable Energy Development Authority (SREDA).
He said this at a press conference on Saturday at the La Vinci Hotel, Dhaka – ahead of an upcoming international conference on energy efficiency to be held at the Pan Pacific Sonargaon Hotel in Dhaka on November 11-13.
As per the Energy Efficiency and Conservation Master Plan, Bangladesh set a target to reduce energy consumption per unit of GDP by 15 percent by 2021 and 20 percent by 2030.
The three-day international conference will help Bangladesh understand policy and strategy for effective implementation of the government plan, said Siddique Zobair, member (energy efficiency and conservation) of the SREDA.
The SREDA in collaboration with the Renewable Energy and Energy Efficiency Partnership (REEEP), and GIZ Sector Network TUEWAS (Transport, Environment, Energy and Water in Asia) are organising the conference.
During the Saturday's press conference, Siddique Zobair said, "The [international] conference will bring together experts, policy makers, civil society representatives and the private sector people from the developing countries."
"The proposed actions will promote awareness on the impact and required action regarding climate change mitigation opportunities through energy efficiency and conservation awareness."
He also said that the energy efficiency and conservation is not an easy job; to be energy efficient, positive behavioural changes in citizens are needed.
"Energy efficiency reduces the cost of energy and saves the environment from the pollution. In the upcoming conference, participants from eight countries will share their knowledge with us in this regard," he told the press conference.
Energy efficiency means using less energy to provide the same service. This can deliver huge benefits by lowering fossil fuel (oil, gas and coal) consumption, enhancing energy security and helping build a sustainable energy system.
Shafiqual Alam, senior adviser (renewable energy) of GIZ, and Toufiq Rahman of the SREDA, were present, among others, at the press conference.
They said the upcoming international conference aims to draw lessons from regional success stories, suitable approaches and policy instruments in raising awareness and addressing behavioural and social aspects of adopting energy efficiency measures.
Twenty experts from eight countries are going to participate in the conference.