40% electricity from renewable sources by 2041: Nasrul

State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said that despite several odds Bangladesh will generate 40 per cent of its electricity from renewable sources by 2041.

He reiterated the country's target at the Ministerial-level Multi-Stakeholder Roundtable on “Implementation of COP28 Decisions in the Energy Sector – Opportunities, Constraints, and Next Steps: The Way Head” in the Berlin Energy Transition Dialogue 2024 on Thursday.

He said developed nations must come forward with determination to build a green and sustainable world, reports UNB.

He observed that the promotion of renewable energy will not take a right path without mutual cooperation and coordinated efforts while exchange of technology is essential for its development.

The developed nations should discuss renewable energy's potential keeping in mind such issues, he said.

Nasrul Hamid sought the cooperation of the developed countries to build an efficient grid system.

"Germany can take initiatives to promote renewable technologies, especially the wind energy", the state minister said.

He noted that the help of the international community is needed to reduce carbon emissions to a substantial level.

“The production and use of climate-neutral products requires financial support and mobilization of financial resources to manage renewable energy”, he said adding, “Without these, the use of renewable energy will not increase. International support for renewable energy and climate resilience is essential”.

German Foreign Minister Annalena Baerbock, German Minister of Economic Affairs and Climate Action Dr Robert Habeck and other ministers and representatives of various countries were present at the round table meeting.