Australia Keen To Assist B’desh With Energy Resources: Envoy

Australian The High Commissioner of Australia for Bangladesh Jeremy Bruer has said that his country is planning to lead an initiative that is clean-energy-based to the Indo-Pacific region. He also said that Australia can help countries such as Bangladesh by providing energy resources that are renewable in order to boost the development of Bangladesh.

He also said that Australia has released their first "Low Emission Technology Statement" in the roadmap for investment in technology and they're eager to work in this area with Bangladesh in this field.

"The growth of our region rests on Australia being an honest and reliable energy partner in the global economy of clean energy," said the High Commissioner, noting that they would be willing to consider the possibility of a substantial amount of financial support to guarantee that it can deliver.

The Australian envoy made the remarks while delivering his keynote speech at a virtual dialogue titled "Bangladesh-Australia Relations: Prognosis for the Future."

Cosmos Foundation, the philanthropic part that is part of Cosmos Group, hosted the event as part of the regular Ambassadors' Lecture Series.

Opening remarks given in the presence of Cosmos Foundation Chairman Enayetullah Khan. The session was presided over by Dr. Iftekhar Ahmed Chowdhury. Ahmed is an internationally renowned scholar-diplomat, and the former Foreign Affairs Advisor of the Bangladesh the Caretaker government.

Former Secretary of State for Foreign Affairs Shamsher Mobin Chowdhury is a Distinguished Fellow at the Centre for Policy Dialogue (CPD) Dr Debapriya Bhattacharya, Professor at International Relations Department of Dhaka University Imtiaz Ahmed Brig Gen (retd) Shahedul Anam Khan and Honorary Advisor Emeritus Cosmos Foundation Ambassador (retd) Tariq A Karim made up the panel of panelists.

Enayetullah Khan stated that Australia is seen as a reliable development partner in Bangladesh since the 1970s . She was reminded of when Bangladesh's Declaration of Independence was first broadcasted via Radio Australia, through which the the world first came learn about the country.

As independence was finally achieved He said Australia was the fourth country and the first country in the industrialized nations to grant Bangladesh recognition on the 31st of January, 1972.

The two nations, Khan said, continue to seek new ways of cooperation and connection between their institutions, people and companies.

Dr. Iftekhar stated that the ties between Australia and Bangladesh go way beyond cricket and curry and the shared values that make two nations natural partners.

"We're looking to expand our collaboration across the entire spectrum of tasks including infrastructure, e-commerce, power and energy as well as water, sanitation and hygiene; and tapping into the potential in the blue-based economy - our marine resources," He stated.

High Commissioner Bruer stated that Australia is a potential source to become a major source to LNG (liquefied natural gas) as well as various energy sources, such as renewable energy sources to power Bangladesh's growth. "We'd appreciate support for expanding commercial energy collaborations."

He added that Australia has a strategy in place to make sure they keep their obligations and assist its partners to meet theirs by developing on a larger scale and with the cost of green energy technologies we all require.

"Our strategy -the long-term emission reduction strategy, outlines the way Australia will use low-emission technologies to achieve its net zero commitments , and will remain a reliable source of sustainable energy," said the envoy.

This plan, as he explained is supported by Australian government investments that is $20 billion into low-emission technologies over the next decade up to 2030.

In the same time during the same time, in the same period, the Australian High Commissioner stated that they anticipate leveraging an additional $80 billion in overall investment by the private sector in order to facilitate the commercialisation of the technologies will help reduce emissions in Australia as well as around the world.

Australia's main focus is cost-cutting breakthroughs in the field of clean hydrogen and long-duration energy storage carbon-capture storage and storage low-carbon steel and aluminium as well as soil carbon measurements He said.

The removal of the green premium, or the cost differential between the latest technology and low emission options is the most important factor to a widespread acceptance across the globe.

Tariq Karim has said that Bangladesh has to make the change to clean energy and away from dirty energy sources, but this is not going to be done in a single day.

"I know that. It isn't possible to suddenly stop coal-powered power plants. If we decide to do that in Bangladesh the economy will be severely affected. However, we need to move forward," said the noted diplomat.

In a way the way he described it, Australia can assist Bangladesh through this change. "But I'm disappointed Australia isn't part of the equation. Australia is the largest source in natural gas. It is, I believe, even greater than Qatar or maybe even equal to Qatar. However, we import LNG currently from other sources that Australia."

Tariq declared that Australia is able to step forward and help Bangladesh's efforts in changing from dirty power stations to more environmentally friendly power stations.

"Without fuel growth engines, they will cease to run everywhere, and we'll need to find new sources of fuel. We're naturally shifting towards cleaner sources. We've reverted to nuclear energy , which has been our long-held dream and the Prime Minister is currently discussing building a second nuclear power station," He said.

However, nuclear energy requires taking a more controlled approach to manage it, as it is a boon that could easily turn into huge disaster, the diplomat suggested.

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