Bangladesh will pay households Tk 10.50 (about 9 US cents) for every surplus unit of rooftop sunshine

Bangladesh is putting a price on spare sunshine. Under a new policy reported this week, households and institutions that generate more solar power on their roofs than they use will be paid Tk 10.50 (about 9 US cents) for every surplus unit they feed into the national grid. The government has made rooftop solar mandatory at government establishments and cut import duties on solar equipment from 17% to 1%, as part of a push for energy security and less reliance on fossil fuels. The example starts at the top: the Prime Minister is using rooftop solar at his own residence and supplying surplus power to the grid — 1,200 units in three days, according to the state minister for local government.

SDG 7 · Affordable and clean energy — Mechanism: policy reform