The Centre for Policy Dialogue (CPD) has called for the cancellation of the Quick Enhancement of Electricity and Energy Supply (Special Provisions) Act, 2010, saying that the law has caused high power costs and created uneven competition in the sector.
CPD Research Director Dr Khondaker Golam Moazzem made the observations at an event titled “Rethinking Renewable Energy Policy (Draft)” in the capital's Dhanmondi on Thursday.
He also observed that various policies taken by the government on renewable energy are contradictory, saying, “The government plans to generate 40 per cent electricity from renewable energy sources by 2041.
“However, using the Integrated Energy and Power Master Plan (IEPMP), the authorities are trying to establish fossil fuels like coal as clean energy with carbon capture technology, which is unacceptable.”
Fossil fuels should be gradually phased out and replaced by renewable energy sources, the CPD research director said.
“For this, detailed research and feasibility study on renewable energy should be made accessible,” he said.
Domestic and foreign investors are interested in investing in renewable energy, Khondaker Golam Moazzem said. He also called for offering various incentives to investors to facilitate the expansion of renewable energy.