Abstract
The escalating global demand for energy has coincided with economic development, while Bangladesh's reliance on renewable energy remains modest at 4.59%. Investigating economically viable solutions such as solar, biomass, and other renewable sources, the research underscores the pivotal role of sound policies and a strategic plan in transforming the current energy landscape. Despite facing various challenges, particularly in technology, the implementation of sound policies and a strategic plan can substantially alter the current landscape. By reviewing the Renewable Energy Policy of 2008 and incorporating recommendations from United States Agency for International Development (USAID) in 2023, this paper not only delves into challenges and future prospects but also aligns with the Sustainable Development Goal (SDG) aimed at achieving affordable and clean energy. This study contributes valuable insights by proposing methodologies to generate renewable energy by offering a comprehensive overview of the present energy scenario in Bangladesh, with a focus on strategic policy recommendations, thus surpassing previous efforts in the literature. The paper, in its entirety, strives to foster the adoption of renewable energy while concurrently mitigating reliance on conventional fossil fuels.