Pragati-NBL EP Climate Talks | Nazmul Haque | COP30

In this episode of EP Climate Talks, host Molla Amjad Hossain interviews Nazmul Haque, Chief Investment Officer of Infrastructure Development Company Limited (IDCOL), about the outcomes of COP30 in Belém, Brazil. The discussion focuses on the failure to finalize a roadmap for climate finance, particularly the commitment to mobilize $1.3 trillion annually by 2035. Haque expresses disappointment over the lack of clarity on funding sources and the insufficient commitment from developed countries. He highlights the global geopolitical tensions and the shift in priorities that hinder progress. The conversation shifts to Bangladesh’s energy transition challenges, noting that only 2% of electricity comes from renewables, and the need for significant investment. Haque emphasizes the importance of domestic financing and the role of commercial banks, citing IDCOL’s efforts in green financing and energy efficiency. He discusses the potential of merchant power plants and the need for market-based energy pricing. The episode concludes with a call for Bangladesh to prepare for reduced international grants and low-cost funding, advocating for a more commercial approach to energy financing.