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Economics of energy security and sustainable energy policy in Bangladesh

In: A Modern Guide to Energy Economics

Author

Listed:
  • Sakib Bin Amin
  • Youngho Chang
  • Farhad Taghizadeh-Hesary
  • Farhan Khan
  • Faria Manal Rahman

Abstract

Energy security is believed to be an essential component of sustainable development for a fast-growing country like Bangladesh. In this chapter, we quantitatively analyse Bangladesh’s energy security level by employing the 4-As framework. We find that Bangladesh’s energy security experienced a downward trend from 2014, reaching its minimum in 2016, before rising again from 2017 onwards. The scenario improved mainly due to advances in the Availability and Applicability dimensions; however, the performance of the Acceptability and Affordability dimensions proved that country is yet to reach a level of energy security that is sustainable. We establish that, even though the energy sector of Bangladesh has shown considerable improvements in energy security, further policy initiatives with special focus towards symmetrical improvements in all four dimensions of the 4-As framework are required for sustainable energy security in the long-run.

Suggested Citation

  • Sakib Bin Amin & Youngho Chang & Farhad Taghizadeh-Hesary & Farhan Khan & Faria Manal Rahman, 2024. "Economics of energy security and sustainable energy policy in Bangladesh," Chapters, in: Farhad Taghizadeh-Hesary & Ehsan Rasoulinezhad & Naoyuki Yoshino (ed.), A Modern Guide to Energy Economics, chapter 8, pages 194-221, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21780_8
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    File URL: https://www.elgaronline.com/doi/10.4337/9781803927732.00019
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    Keywords

    Economics and Finance; Environment;

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