Sustainable & Renewable Energy Development Authority (SREDA) and GreenTech Foundation Bangladesh with support of GIZ Bangladesh will jointly organise a Roundtable Discussion on “Effect of Green Financing for the Energy Sustainability: Role of Banks and Financial Institutions” on July 22 at 10:00 am at SREDA Auditorium, IEB Building, Ramna, Dhaka.
Bankers and the stakeholders of the Financial Institutions will join the event, said a statement.
"To improve energy security, especially for the developing economies which are more vulnerable to energy price fluctuations, it is also important to diversify the energy basket by minimizing dependence on fossil fuels and increasing alternative green resources, i.e. renewable energy resources. However, renewable energy projects (i.e. solar power plants, wind power generators) and projects for raising energy efficiency require high investment costs," said the statement.
Banks are reluctant to lend to renewable energy projects because from their point of view, these projects are risky. To inform about the long-term benefits and positive impact of the investment in the renewable energy sector, the statement added.
The discussion session will highlight the effects of financing green energy projects and explore solutions for maintaining energy security for sustainable development.
It will highlight financial barriers to development of renewable and green-energy projects, role of public–private partnerships in raising private sector investment in modern green-energy projects such as solar and wind, policy instruments needed to secure private capital for modern green-energy projects, governments’ role in fiscal policy (reform and carbon tax) in securing private investment in green-energy projects, how to finance and promote investments in the green-energy market to raise energy efficiency in housing, manufacturing, and transport, among others and mapping the role of new financing sources in financing and investing in green-energy projects.
-rmc//