RE: https://www.newagebd.net/article/187921/bangladesh-to-raise-coal-lifting-amid-energy-crisis30 Nov 2022 19:43
The analysis warned that power shortages, factory closures and social unrest in ****stan and Bangladesh might extend into the next decade.
Given that Bangladesh plans to add 600 mmcfd from domestic sources by 2026, the country will still have a deficit of 1,000 mmcfd against a projected demand of 4,207 mmcfd.
Energy expert Mohammad Tamim is optimistic about the global energy crisis easing after 2026, with Russian energy finding its way to the Asian market in some way or another.
‘Still, this is just an assumption. Nobody knows the course the Russia-Ukraine war is going to take,’ he said, adding that a lot also depends on how the current dollar crisis turns out.
Studies have exposed how coal poisoning affects the environment, polluting water, air, soil, and eventually the food chain.
‘To think that fossil fuel use offers the only exit out of the current problem is sheer stupidity,’ said economist Anu Muhammad.
‘Coal mining expansion will have unimaginable impacts, further enhancing Bangladesh’s financial burden and health and environmental risks,’ he said.
Fossil fuel projects were never feasible and always marked by irregularities and corruption, benefiting only a small group of people, explained Anu Muhammad.
‘Expanding the fossil fuel footprint will be suicidal. Bangladesh should tap its gas resources and invest in renewable energy,’ he said.
Authorities said domestic gas also offers no immediate solution as gas fields take at least eight years to be developed.