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Energy & Power - December 01, 2022

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The United Nations Climate Change Conference COP27 concluded at Sharm El Sheikh, Egypt on November 20 with a decision to set up new funding arrangements as well as a dedicated fund to assist developing countries in responding to the loss and damage due to climate change impacts. Nations have also decided to establish a transitional committee to make recommendations on how to operationalize both the new funding arrangements and the fund at COP28 supposed to be held in November 2023. The transitional committee's first meeting is expected to take place before the end of March 2023. However, COP27 has failed to make hardly any progress as far as the global goal to limit the temperature rise to 1.5C is concerned. The text issued after the Egypt conference shows that the major issues like commitment to the Green Climate Fund (GCF) and reduction of fossil fuel use are hardly addressed. The developed countries have not made any fresh funding commitment on the excuse of the ongoing global situation while the fossil fuel lobby took a strong stance against cutting the use of dirty fuels on grounds of the global energy crisis.

While the COP27 failed to keep track of its main goals, the loss and damage fund decision was a mere consolation for the climate-vulnerable developing countries. The success of the climate negotiation to save the planet would largely depend on the role the global energy politics would play at COP28.

Energy & Power Description:

Yayımcı: Energy-&-Power

Kategori: Business

Dil: English

Sıklık: 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