Bangladesh to produce lithium batteries, electric vehicles to cut emissions
Bangladesh to produce lithium batteries, electric vehicles to cut ... Mongabay.com
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Sustainable Development Goals (SDGs)
- According to Bangladesh’s nationally determined contribution (NDC) toward reduced emissions under the Paris Agreement, the transport sector accounts for 9% of total greenhouse gas (GHG) emissions in Bangladesh. The country has proposed 3.4 million metric tons of CO₂ equivalent GHG emission reduction by 2030 in the transport sector.
- To facilitate policies aimed at reduced emissions, such as tax holidays and financial incentives for local manufacturing of electric cars and the expansion of technology and infrastructure for vehicles that need less fuel, Bangladesh has formulated the Automobile Industry Development Policy 2021.
- It is hoped that by encouraging the uptake of electric vehicles — among two-, three- and four-wheelers — Bangladesh can achieve its goal.
- The production of locally made lithium batteries and transformation of the sector through electric vehicles will aid the country’s emission reduction plan, industry insiders say.
In order to fulfill its promise of cutting greenhouse gas (GHG) emissions as part of the country’s nationally determined contribution (NDC) under the Paris Agreement, Bangladesh is on the way to setting up a lithium battery production plant with an annual capacity of 1 gigawatt. Simultaneously, several electric vehicle manufacturing projects are in line as well. Business insiders believe these moves might change the energy landscape of the country.
NDCs are individual countries’ plans to help keep global temperature rise below 2 degrees by the end of the century. Bangladesh has proposed 3.4 million metric tons of CO2 equivalent GHG emission reduction unconditionally by 2030 in the transport sector, which accounts for 9% of the country’s total GHG emissions.
To lessen pollution and reliance on fossil fuels, Bangladesh intends to phase out internal combustion engines in favor of electric vehicles. EVs favor lithium-ion battery technology over other types of batteries for propulsion.
As part of this, lithium battery production is the first step to implementing the targets. Bangladesh Lithium Battery Ltd. is the company first to take on this venture.
The company has already finished the infrastructural development of the plant and hopes to start producing batteries at the beginning of 2024, said Mir Masud Kabir, managing director of Bangladesh Lithium Battery Ltd., in a media interview.
According to the Bangladesh Road Transport Authority, about 1.5 million lead acid-based battery-run three-wheelers are running on the country’s roads, which consume much power from the national grid. The proposed domestically-made lithium battery is intended to replace those.
In addition to setting up the lithium battery production facility, the company also plans to set up a facility to manufacture EVs.
Gradually, Kabir said, the company will go for EV productions where the battery unit will act as a backward linkage of the EV production.
According to government data, several local and international investors, including Bangladesh Auto Industries Ltd., Nitol Motors Ltd., Omega Seiki and others, are currently working to set up EV manufacturing facilities in Bangladesh with the collaboration of giant automobile producers like Toyota.
Bangladesh has formulated the Automobile Industry Development Policy 2021 to facilitate assistance with policies aimed at reducing emissions, such as tax holidays and financial incentives for local manufacturing of electric cars and the expansion of technology and infrastructure for vehicles that need less fuel.
According to Mordor Intelligence, a market intelligence and advisory firm, the Bangladesh lithium-ion battery market size is likely to rise from $256 million in 202
SDGs, Targets, and Indicators
1. SDGs Addressed or Connected to the Issues
- SDG 7: Affordable and Clean Energy
- SDG 9: Industry, Innovation, and Infrastructure
- SDG 11: Sustainable Cities and Communities
- SDG 13: Climate Action
2. Specific Targets Based on the Article’s Content
- SDG 7.2: Increase substantially the share of renewable energy in the global energy mix
- SDG 9.4: Upgrade infrastructure and retrofit industries to make them sustainable
- SDG 11.6: Reduce the adverse per capita environmental impact of cities
- SDG 13.2: Integrate climate change measures into national policies, strategies, and planning
3. Indicators Mentioned or Implied in the Article
- GHG emissions reduction in the transport sector by 2030
- Number of electric vehicles registered in Bangladesh
- Lithium-ion battery market size in Bangladesh
- Percentage share of renewable energy in the country’s energy mix
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 7: Affordable and Clean Energy | Increase substantially the share of renewable energy in the global energy mix | Percentage share of renewable energy in the country’s energy mix |
| SDG 9: Industry, Innovation, and Infrastructure | Upgrade infrastructure and retrofit industries to make them sustainable | Lithium-ion battery market size in Bangladesh |
| SDG 11: Sustainable Cities and Communities | Reduce the adverse per capita environmental impact of cities | Number of electric vehicles registered in Bangladesh |
| SDG 13: Climate Action | Integrate climate change measures into national policies, strategies, and planning | GHG emissions reduction in the transport sector by 2030 |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: news.mongabay.com
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