Experts at an energy conference in Dhaka on Sunday said Bangladesh must expand renewable energy production to overcome its worsening fuel crisis. They warned that the country’s heavy dependence on imported fuel has made the energy sector vulnerable, especially amid global oil price volatility caused by the ongoing US–Iran conflict. The discussion, held at the World Literature Centre, called for reducing VAT and taxes on renewable energy products to encourage investment.

Speakers noted that renewable sources currently account for only 2 to 3 percent of Bangladesh’s total electricity generation. They cautioned that failure to transition in time could deepen the energy crisis. Participants urged the government to adopt an effective master plan to reduce oil import dependence and ensure long-term energy security. They also highlighted the need to prevent corruption in future solar projects and to hold accountable those responsible for past irregularities.

The government’s target of producing 10,000 megawatts of renewable power was cited as a key step, but experts stressed the importance of skilled workforce development and sustained planning to achieve it.