Strategic Green Growth Transitions in Bangladesh: Toward a post-COVID recovery

Project Summary:

The objective of this grant is to conduct a building back greener diagnostic and to help identify policy reforms and investment options for selected priorities towards green growth in Bangladesh. Specifically, this grant will support Bangladesh to take a multi-sectoral approach to advance green growth involving: green finance and fiscal policy, the agriculture/water/forest nexus, clean energy and transport, resilient infrastructure and urban development, nature-based tourism, biodiversity, and waste and pollution. Knowledge and institutions could benefit from the value addition and support offered by the KGGTF providing an opportunity to influence and inform decision-making in Bangladesh to transition to green economies and recovery. This grant will be mapped to, Bangladesh CMU Green Growth DPC (Pipeline) based on the Bangladesh Build Back Greener project. 

List of Activities:

• Activity 1: Green growth diagnostics and thematic deep dives. 
• Activity 2: Green growth platforms for policy dialogue, knowledge promotion and dissemination.
• Activity 3: Green growth capacity building, pilot and demonstration. Outputs include (i) Review of policies for identified new technology to create new jobs; (ii) Report on green skills in Bangladesh; (iii) Pilot on green tech in Bangladesh; (iv) Training programs to develop new skills; (v) Knowledge Exchange (virtual and in person)

Outcomes:

Output 1 

• Prioritized list of financial and fiscal instruments for green growth for Bangladesh
• Case study of Korean experience, and benchmarking with Bangladesh in promoting green investment by public and private sector
• Report on Economic valuation of natural capital for the southwest
• Report on Bangladesh’s systems for environmental risk management
• Air Quality Action Plan.

Output 3

• Review of policies for identified new technology to create new jobs
• Report on green skills in Bangladesh
• Pilot on green tech in Bangladesh
• Training programs to develop new skills
• Knowledge Exchange (virtual and in person)

Outcomes 

• Investment dialogues on WBG pipeline development informed by diagnostics
• Improved country capacity on EIA and risk management
• Increased awareness on air pollution and its impacts leading to behavioral change contribution towards the development of a green growth roadmap and action plans for Bangladesh
• Enhanced awareness on green growth, environmental issues amongst policy and decision-makers in Bangladesh
• Increased green jobs
• New partnerships created for knowledge exchange and industrial capacity building on green tech
• Technology transfer and investments in new green tech in the countries

Collaboration with K-Partners and Others:

• Korea Environment Institute (KEI)
• Korea Energy Agency (KEA)
• Korea Management Association Consulting (KMAC)
• Korea Environmental Industry & Technology Institute (KEITI)
• Korea Environment Corporation (KECO)
• Korea Development Institute (KDI)
• Korea Economic Development Cooperation Fund (EDCF)
• European Union (EU)
• Foreign, Commonwealth and Development Office (FCDO)

(tentative)