Green Electricity Costs a Bundle

On the sidelines of the 2015 Paris climate summit, then-UK prime minister David Cameron and 19 other world leaders made a promise to double green energy research and development by 2020.

The United Kingdom is on course to break that promise. As a percentage of GDP, spending on low-carbon energy R&D has stayed sluggishly around 0.02 per cent since 2015, according to data from the International Energy Agency (IEA).

Copenhagen Consensus President Bjorn Lomborg says it’s “immoral” to tell the poor world not to use fossil fuels.

“Of course, they want to do the same thing,” he told Sky News host Chris Smith.

“India, Africa, want to do what China did.”

Transparency, fair competition and accountability are three defining features of an efficient public procurement system. Until 2011, the Bangladesh procurement process was paper-based and plagued by corruption and malpractices. Short bidding periods, nondisclosure of the selection criteria, pre-tender negotiation with bidders were some of the defining features of guiding Bangladesh’s public procurement activities.