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Energy & Power - EP_22_10 (Energy & Power Vol 21 Issue 10 November 1, 2024)

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The 29th UN Climate Conference (COP29) is set to kick off on November 11 in Baku, Azerbaijan. Bangladesh will be joining the two-week gathering alongside other nations, led by Nobel laureate Dr. Muhammad Yunus, who serves as the chief advisor to the interim government. Dr. Yunus is scheduled to attend the high-level sessions with global leaders, where discussions this year will center heavily on climate financing—a top priority for COP29, which has earned the nickname “Financing COP.” The spotlight will be on raising annual financing goals to $500 billion, a significant increase aimed at tackling climate change more effectively. Current estimates suggest that around $1.0 trillion is needed each year to combat climate impacts and curb carbon emissions. However, fund mobilization has been sluggish. For the past five years, developed nations had pledged an annual target of $100 billion, yet developing countries report receiving only $123 billion in total so far. According to Oxfam, the actual figure might be even lower, at just $23 billion. The slow pace of funding and the current geopolitical climate leave observers wary of meaningful progress at COP29. The Group of 77 and the Least Developed Countries (LDC) coalition will likely press developed nations to meet their outstanding commitments, but their hopes are tempered. Although high expectations might be unrealistic, the world is still hoping for some concrete progress toward the Paris Agreement’s goals.

Energy & Power Description:

Forlegger: Energy-&-Power

Kategori: Business

Språk: English

Hyppighet: Fortnightly

Energy & Power (EP) is the first and only full-fledged fortnightly magazine that deals with the much cried over energy and power sector in Bangladesh. Since its inception in June 16, 2003, EP is working very hard to

a) Develop public consciousness on sustainable and even development of energy sector;

b) Assist the policy makers in assuming pragmatic policies for a balanced development of the energy sector;

c) Continuous supply of information among public; and

d) Develop a group of reporters in this field

Bangladesh is an energy deficit country like other countries in the region and most of the people do not have adequate access to the energy and power. The country is completely dependent on fossil energy source; at the same time, it is one of the most inefficient energy using countries in the world.

It lacks efficiency in planning, management, generation, distribution, load management and even at the end user level consumption.

In spite of the above drawbacks, issues relating to utilization of renewable energy, exploring alternative use of energy, planned use of environment friendly energy are significantly undermined in Bangladesh.

The biggest challenge of Bangladesh is to find a path for balanced growth of its energy sector. Despite its resource constraints, EP dynamically strives to provide theenergy sector with a flow of information and create public awareness; so that policymakers get guidelines and platforms for its sustainable development.

Code of Ethics

EP believes that public enlightenment is the forerunner of justice and the foundation of democracy. The duty of a journalist is to further those ends by seeking truth and providing a fair and comprehensive account of events and issues and professional integrity is the cornerstone of a journalist's credibility. We strive to serve the public with thoroughness and honesty.

The EP editorial policy is to share a dedication to ethical behavior and uphold the zero conflict of interest principles and highest standards of practice.

EP believes in

o Seeking truth and reporting the same

o Minimize harm