Economic impacts of replacing natural gas with renewable energy in SASEC region
In this study, IRADe is assessing the economic and environmental implications (investment, energy supply cost, energy trade, and emissions etc) of replacing natural gas with renewable energy in SASEC countries- Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, and Sri Lanka, considering regional energy trade wherever possible. Based on current and projected future use of gas, IRADe will develop a scenario and roadmap to promote renewable energy to meet energy needs and accelerate reduction in dependence on gas over time in SASEC countries. The study activities will include:
Review plans and projections of energy demand and use of gas in SASEC countries;
Review plans and policies as well as targets of SASEC countries in promoting renewable and meeting climate change targets;
Develop long term scenarios consistent with economic growth and energy resources;
Explore role of renewable in replacing natural gas as countries pursue their low carbon development;
Quantify impact on economy and  emissions by indicating pathways  of  generation  mix, cost of capacity expansion requirements, fuel requirements for power generation and emerging trade patterns and profile of emissions;
Organize stakeholder consultation meetings and lead the discussion on draft report (Economic benefits of replacement of natural gas with renewable energy sources/systems gradually in the SASEC region) and incorporate comments.