Staff Correspondent:

Investors from European Union (EU) member states on Wednesday (April 9) said they are keen to invest in Bangladesh’s renewable energy sector.

They, however, emphasised the need for predictable, transparent, and non-discriminatory trade policies to ensure a competitive business environment.

The remarks came from Michael Miller, the EU Ambassador to Bangladesh, during his opening speech at a session titled “Unlocking the Potential of Bangladesh for Investors in Renewable Energy.”

The discussion was part of the Bangladesh Investment Summit, co-organized by the EU and the Bangladesh Investment Development Authority (BIDA).

Michael Miller stated that the EU has invested $1.3 billion in the country’s clean energy sector through its Global Gateway initiative. He outlined three key factors driving EU investors to Bangladesh.

The three reasons are- investors preferred Bangladesh as a trade destination, helping the interim government as the country has a potential opportunity, and the common goals that comprise prosperity, sustainability and combating climate change.

Miller emphasized that EU investors are particularly focused on reducing carbon emissions to combat climate change. This commitment aligns with their green economy policy, making clean energy a priority sector for investments.