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Energy sector sustainability for a fast-growing economy like Bangladesh: an empirical assessment
Fast-growing economies like Bangladesh are expected to experience high growth in GDP, and in energy use with structural shifts towards digitalization and industrialization in the coming decades. However, given the goal of global net zero carbon growth, energy sector development will need to satisfy multiple sustainability criteria simultaneously. This paper examines empirically the trends in sustainability indicators for Bangladesh’s energy sector to assess the current status based on past trend. A long list of 438 indicators is compiled from the literature used in various country contexts for understanding energy sector sustainability but this study identifies a short list of 38 Bangladesh-specific indicators and develops a composite index. Principal Component Analysis (PCA) method was used for weighting individual indicators to arrive at the composite index. Results show that Bangladesh is showing marginal progress towards sustainability of the energy sector. While progress in social and economic indicators such as increasing access to cleaner fuel, electrification, productive use of energy, increased diversity of fuel mix has aided in advancing sustainability, the deteriorating environmental indicators over time is pulling down the sustainability status of the energy sector. Among other things, increasing share of fossil fuel in energy mix, lack of adequate improvement in energy efficiency in all sectors, increase in methane emissions need attention and solution to make energy sector sustainable. These steps can also help in reducing overall energy demand and emissions without adversely impacting social and economic growth through deployment of appropriate fuel choice, technologies and infrastructure. For better monitoring of energy sector sustainability, some data gaps for Bangladesh have also been identified.
Energy sector sustainability for a fast-growing economy like Bangladesh: an empirical assessment
Fast-growing economies like Bangladesh are expected to experience high growth in GDP, and in energy use with structural shifts towards digitalization and industrialization in the coming decades. However, given the goal of global net zero carbon growth, energy sector development will need to satisfy multiple sustainability criteria simultaneously. This paper examines empirically the trends in sustainability indicators for Bangladesh’s energy sector to assess the current status based on past trend. A long list of 438 indicators is compiled from the literature used in various country contexts for understanding energy sector sustainability but this study identifies a short list of 38 Bangladesh-specific indicators and develops a composite index. Principal Component Analysis (PCA) method was used for weighting individual indicators to arrive at the composite index. Results show that Bangladesh is showing marginal progress towards sustainability of the energy sector. While progress in social and economic indicators such as increasing access to cleaner fuel, electrification, productive use of energy, increased diversity of fuel mix has aided in advancing sustainability, the deteriorating environmental indicators over time is pulling down the sustainability status of the energy sector. Among other things, increasing share of fossil fuel in energy mix, lack of adequate improvement in energy efficiency in all sectors, increase in methane emissions need attention and solution to make energy sector sustainable. These steps can also help in reducing overall energy demand and emissions without adversely impacting social and economic growth through deployment of appropriate fuel choice, technologies and infrastructure. For better monitoring of energy sector sustainability, some data gaps for Bangladesh have also been identified.
Energy sector sustainability for a fast-growing economy like Bangladesh: an empirical assessment
Sustain Sci
Mahmud, Hasan (Autor:in) / Roy, Joyashree (Autor:in)
Sustainability Science ; 19 ; 51-73
01.01.2024
23 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
Sustainable development goals , Sustainable energy sector , Energy demand , Developing countries , Composite sustainability index Environment , Environmental Management , Climate Change Management and Policy , Environmental Economics , Landscape Ecology , Sustainable Development , Public Health , Earth and Environmental Science
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