Dhaka, Dec. 18 -- Bangladesh's energy efficiency targets are within reach as a supportive regulatory framework and rising awareness create a favourable ecosystem, even amid supply disruptions and higher tariffs, according to a new study by an international energy think tank.

The report, released Wednesday, finds that policy consistency and market signals have helped accelerate efficiency gains across the economy.

Over the past decade, Bangladesh has improved energy efficiency by 13.64 per cent, equivalent to an average annual gain of 1.52 per cent, according to the Institute for Energy Economics and Financial Analysis (IEEFA).

In FY2023-24 alone, the country avoided fossil fuel consumption of 7.0 million tonnes of oil equivalent (Mtoe)...