Publication: Industry Specific Study on Sustainable Energy Finance Market Potential for Financial Institutions in Bangladesh
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2012
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2012
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The International Finance Corporation-South Asia Enterprise Development Facility (IFC-SEDF), managed by IFC, is supporting the establishment and growth of private Small and Medium Enterprises (SMEs) in Bangladesh, Bhutan, Nepal, Northeast India, Sri Lanka and Maldives. The industry sectors in Bangladesh are one of the major sources of pollution and inefficient energy use. Therefore IFC-SEDF has taken initiative to conduct a concrete Market Study to understand the current Energy Efficiency (EE) and Renewable Energy (RE) potential of Bangladesh where Financial Institutions (FIs) can invest. Bangladesh suffers from inadequate investment in the energy efficiency improvement and renewable energy in the industrial sector. Literatures suggest that the key barriers to the implementation of energy efficiency are lack of awareness, and access to finance. This report provides detailed discussion on the approach and methodology in the beginning. This study report analyses policy and regulatory aspects related to industry and energy sector in Bangladesh. Detailed overview of sectors under study has been elaborated in the section 4. Energy consumption patterns and estimates of the potential to save energy were arrived at with the help of data collected from the industrial units and analysis of the same. The report also provides an overview of the financial sector in Bangladesh. Besides, policies and regulations related to financial sector have been reviewed. Potential for investment in EE and RE projects related to industrial sectors under study has also been estimated. The study has recommended appropriate mechanisms for providing financial assistance to EE and RE projects as also recommended certain technical assistance and advisory services that IFC could provide to stakeholder organizations. The report concludes with broad based recommendations.
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“International Finance Corporation. 2012. Industry Specific Study on Sustainable Energy Finance Market Potential for Financial Institutions in Bangladesh. © International Finance Corporation. http://hdl.handle.net/10986/26557 License: CC BY-NC-ND 3.0 IGO.”
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