
UN/Regina Merkova Rural woman in a village in Bangladesh
Author: Shirley Chen, Founder and CEO, Narrativ
A transition technology bridges the gap between the old and the new. Once legacy technologies and incumbent business models stop producing the desired results, a transition mode starts. However, energy technology is moving too fast for any prolonged transition mode. Its speed of development has cost the big legacy players in certain markets dearly. In Germany, for example, energy companies have always had strong backing from the government, and strong leverage through their oligopoly. So while ministers contemplated a greener future, they continued to place bets on coal and on atomic power. However, through a mix of strong public opinion – significantly reinforced by the Fukushima disaster – and falling prices in the renewables industry due to technological progress, the Energiewende (energy transition) suddenly accelerated. The big players found themselves in existential crisis. Their hesitance to embrace the new energy world proved to be their Waterloo. In Bangladesh, the energy policy realm could not be more different. Yet a closer look at the two countries reveals plenty of scope for mutual learning, from past mistakes and future technologies. Here are three arguments why Bangladesh should avoid a lengthy transition mode.1. The danger of energy lock-in effects – don’t bet on transition technologies combined with old business models, but leapfrog instead
2. Solar energy is the superior choice based on cost, food, health and safety
3. Bangladesh has been a new energy pioneer all along
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