[{"bbox": [96, 152, 1134, 234], "category": "Text", "text": "This Action taps into the huge opportunities for climate change mitigation, and it supports the country in its shift towards green energy, as a key driver towards GHG emissions reduction, and the achievement of the country's Nationally Determined Contributions (NDC) goals, while factoring in the economic cost of pollution."}, {"bbox": [96, 243, 1134, 379], "category": "Text", "text": "This Action directly contributes to Multi-annual Indicative Programme (MIP) Priority Area 2 ‘Green Inclusive Development’ and its specific objective 1 to promote energy efficiency and affordable renewable energy. The Overall Objective (Impact) of this Action is to support the Government of Bangladesh to reduce GHG emissions, hence to achieve the NDC targets. The Specific Objective (Outcome) of this Action is to improve the policy and regulatory framework for implementing the green energy transition in Bangladesh."}, {"bbox": [96, 388, 1134, 550], "category": "Text", "text": "The proposed Action will address policy and regulatory framework implementation gaps, ultimately promoting and facilitating relevant reforms, technology and knowledge sharing, and facilitating investments to expand the generation of power through renewable energy. The outputs foreseen by this Action will focus on scaling up the implementation of the existing policy/regulatory framework for renewable energy and energy efficiency, establishing a more favourable investment climate for sustainable energy, as well as increasing quality, spectrum and inclusiveness of green energy services."}, {"bbox": [96, 560, 1134, 642], "category": "Text", "text": "The investments in grid-scale renewable energy generation will in parallel be further encouraged through a loan framework/credit facility provided by one or several European Financial Institutions (EFIs) promoted /leveraged by EU investment grant and technical assistance under the EU blending mechanism."}, {"bbox": [96, 652, 1134, 761], "category": "Text", "text": "This AAP fully contributes to the Team Europe approach, and in particular to the objectives and activities of the Team Europe Initiative on Green Energy Transition (TEI GET) in Bangladesh. The TEI GET's overall objective is to support Bangladesh's power system to achieve a maximum coverage of the country's energy demand through renewable energy, while reducing demand through energy efficiency."}, {"bbox": [96, 771, 1134, 1012], "category": "Text", "text": "The transition to a greener energy system is expected to contribute to a better quality of life, directly contributing to the EU Green Deal, the Global Gateway, the Indo-Pacific Strategy, the SDGs and the Global Gateway. Access to energy is a prerequisite to the realization of human rights, having a positive impact on access to health and education, business creation and women's empowerment, to name a few contributions to economic and social development. The Communication on decent work worldwide has outlined that the transition of the economy following the climate change must be socially fair and just. The Paris Agreement refers to 'the imperatives of a just transition of the workforce and the creation of decent work and quality jobs'. The Council Recommendation on ensuring a fair transition towards climate neutrality underlines that \"Fairness and solidarity are defining principles of the European Green Deal\"."}, {"bbox": [96, 1021, 1134, 1183], "category": "Text", "text": "The proposed Action is in line with the national development plans, and in particular: 8th Five Year Plan 2021-2025, Vision 2041, upcoming Integrated Energy and Power Master Plan (IEPMP), Renewable Energy Policy (in phase of revision), Energy Efficiency and Conservation Master Plan, Bangladesh Delta Plan (BDP) 2100, the SDGs agenda and Bangladesh's Nationally Determined Contributions, and with the Mujib Climate Prosperity Plan up to 2030. This Action falls under the priority area 2 \"Green Inclusive Development\" of the MIP 2021-2027 for Bangladesh."}, {"bbox": [96, 1193, 1134, 1355], "category": "Text", "text": "In terms of EU policy priorities, this Action directly contributes to the objectives of the Paris Agreement, Agenda 2030, and EU efforts, as outlined in the European Green Deal, with a strong external dimension supporting partner countries in decarbonizing their energy systems by prioritizing renewable energy. Supplying clean, affordable and secure energy in an efficient way by enabling a green energy transition is one of the Green Deal's main pillars to significantly reduce the EU's greenhouse gas emissions and achieve the EU's zero pollution ambition. The Action is also aligned with the EU's Gender Action Plan III promoting a fair and inclusive green transition."}, {"bbox": [85, 1392, 264, 1417], "category": "Section-header", "text": "## 2 RATIONALE"}, {"bbox": [85, 1446, 221, 1471], "category": "Section-header", "text": "### 2.1 Context"}, {"bbox": [96, 1487, 1134, 1595], "category": "Text", "text": "With an estimated population of 166 million people, Bangladesh ranks as the world's 8th most populous country. Bangladesh, despite being one of the most affected countries by environmental hazards and the consequences of climate change⁴, has been among the fastest growing economies in the world over the past decade, mainly due to a demographic dividend, to a strong ready-made garment (RMG) exports, to stable macroeconomic conditions and"}, {"bbox": [85, 1622, 827, 1645], "category": "Footnote", "text": "⁴ https://germanwatch.org/sites/default/files/Global%20Climate%20Risk%20Index%202021_1.pdf"}, {"bbox": [1038, 1680, 1143, 1705], "category": "Page-footer", "text": "Page 4 of 23"}]