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Fuel Diversification and Future Energy Security in Bangladesh

The Energy Security of Any Country Like Bangladesh Depends on the Fuel Diversification and Its Optimal Uses
  • Sakib Bin AminEmail author
  • Saanjaana Rahman
Chapter

Abstract

Despite the success of increasing generation capacity, still, Bangladesh is heavily dependent on natural gas and imported fuels. Constraints of primary fuel cause inability to generate sufficient electricity to meet standards. The nation’s huge dependence on imported fuel has also attributed to fiscal burden, exerting multidimensional pressures on its economic development drives. Thus, proper preparation for the near future and planning for fuel diversification strategies, keeping in line with the trends in the global markets, is very crucial for Bangladesh. Bangladesh can look forward to replacing fossil fuel and non-renewable energy with the renewables to match its local energy demand as a part of its fuel diversification drive and to ensure energy security.

Keywords

Fuel diversification Energy security Bangladesh Traditional Bioenergy Biogas Imported Non-renewable Natural gas Oil 

References

  1. Amin, S. B. (2015). The macroeconomics of energy price shocks and electricity market reforms: The case of Bangladesh. Ph.D. thesis, Durham University, Durham. Available at Durham E-Thesis: http://etheses.dur.ac.uk/11241/.
  2. Amin S. B., Murshed, M., & Jannat, F. T. (2017). How can Bangladesh prepare for the new era of global energy transition? USAEE Working Paper Number 17–316. https://dx.doi.org/10.2139/ssrn.2994976.
  3. Khalid, I., & Mukhtar, A. (2016). Energy crisis: An issue of good governance, a way forward. Journal of Political Studies, 23(1), 101–116. Available at https://www.questia.com/library/journal/1P3-4123261181/energy-crisis-an-issue-of-good-governance-a-way.
  4. Labandeira, X., & Manzano, B. (2012). Some economic aspects of energy security. Economics for Energy Vigo Economics for Energy, 15(4), 47–63. Available at https://labandeira.eu/publicacions/wp092012.pdf.

Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  1. 1.School of Business and EconomicsNorth South UniversityDhakaBangladesh

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