Importance of Energy Efficiency in Bangladesh
Energy efficiency enhancement has been associated with foster economic development in many countries in the world. Besides, adoption of energy efficiency technologies is also believed to ensure energy security of an economy. The concept of energy efficiency is relevant for Bangladesh for many reasons. For example, Bangladesh’s domestic energy options are not promising as the nation’s natural gas reserve is on the point of being exhausted while the enormous stockpile of superior quality coal remains unexplored due to technical deficiency. The local industries are also eager to use low-efficient machinery with the notion of cost minimisation. Therefore, the government should set up the right policy so that Bangladesh’s energy security would be enhanced significantly by adding a diverse range of energy efficiency programmes. It is also crucial to ensure the participation of all the stakeholders for the successful implementation of the energy efficiency initiatives.
KeywordsEnergy efficiency Bangladesh Developing countries Renewable Energy consumption Growth Government Development
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