COP26 Regional Ambassador Ken O'Flaherty has said it is possible for countries like Bangladesh to significantly expand its renewable energy sector as it has been the cheapest option for new energy in Asian countries.
“It’s clear that over the next decade the cost of renewable energy will continue to fall. So countries which don’t invest in renewable energy risk losing competitive advantage,” he told UNB in an interview at the British High Commissioner’s residence here.
Across the region, the envoy said, he is seeing governments recognize the opportunities offered by renewable energy and said countries like Bangladesh can also look into potential cooperation at regional level on hydropower.
He thinks the countries which want to grow faster over the next decade will need to be harnessing renewable energy.
Ambassador Ken said there is lot of interest in investing renewable energy and hydropower but what the investors need is a clear signal from the government.