Bangladesh's constant growth with an annual 6% plus Gross Domestic Product (GDP) for more than the last two decades and achievements in other socio-economic metrics in recent times is impressive and recognized by various global authoritative bodies. The extent of overwhelming economic ventures in the private sector coupled with the commitments of the government clearly demonstrates the transformation of the country from a primarily agro-based economy to one influenced by the manufacturing and service sectors. Bangladesh is fortunate to have fossil fuel reserves on a limited scale, though these are not enough to run the ongoing massive scale development activities, both in private and public sectors. Thus, the constant and uninterrupted supply of energy at an affordable price remains a serious concern for the successive governments. Therefore, this issue of supply of constant energy has turned to be an important part in the national development agenda. Besides, the country is one of the worst victim nations of the devastating effects of global warming and climate change. As Bangladesh is geographically located in a favorable place in the world map with the availability of plenty of renewable energy sources (RES), the policymakers started to take initiatives leading to exploiting these sources to meet the energy demand of the country. There are both prospects and administrative, legal, technological, socio-cultural and environmental challenges. To address these challenges, it requires comprehensive policy initiatives. A good number of technical and scientific research containing findings and recommendations are available. This paper, which is based on adopting a qualitative research methodology where the contents of secondary sources were analyzed, is an initial attempt to highlight the renewable energy developments in Bangladesh, and subsequently, to evaluate the relevant legal and policy initiatives in the light of international best practices. We advance several recommendations that the stakeholders can consider exploiting RES effectively to attain inclusive, equitable and sustainable development in Bangladesh. These include, inter alia: (1) Enhancing government participation to lead the development of renewable energy (RE); (2) ensuring localization of RE technology; (3) reducing the expenses of energy generation through RES and providing assistance in initial investments; (4) introducing comprehensive legal and regulatory policy for the development of RE industry in Bangladesh; and (5) conducting effective public awareness. Sustainability 2019, 11, 5774 2 of 30 every year [25], and starting from 2014, more than 164 nations have embraced the renewables targets 199 [26]. In 2012, the utilization of RES helped to provide up to 13.2% of the worldwide essential energy 200 supply. The same figure rose to 22% of worldwide power usage in 2013. It was estimated that this 201 number is expected to rise to 26% in 2020. To share this in a practical setting, this number is greater 202 than the current overall power demands...
It is a challenging task for Bangladesh to meet its increasing demand of energy while its economy is rapidly growing. Though prices of oil, coal, and fossil fuels around the world have been volatile, the price trend in Bangladesh demonstrates a persistent rise in the immediate past. This is further exacerbated by depleting reserves of natural gas. Cumulatively, these two effects heighten Bangladesh's energy needs. Bangladesh presently mitigates her energy requirements predominantly through natural gas, supplemented by a handful of coal and furnace oil plants. Consequently, due to scarcity of natural gas, oil and coal resources, nuclear power surfaces as a palatable strategic option for Bangladesh's future development agenda. However, a successful nuclear power program entails an extensive infrastructure. Just like the other nuclear energy-producing countries, Bangladesh also face challenges to safeguard the health and security of nuclear reactors, the proper management for nuclear waste treatment and the security concerns over the safe usage of nuclear materials. Additionally, the development of nuclear energy is also bewildered because of the complex nature of fission technology, lack of efficient human resources, and non-existence of proper legal instruments to guide safe nuclear power production. Moreover, the further challenges include the questions, for example: whether the nuclear power plant project is supported by the mass people or not? What are the strategies for nuclear waste disposal? Whether the recent initiatives for nuclear energy production is necessary or the country should more concern with renewable sources? This paper evaluates the nuclear energy development in Bangladesh. It operates under qualitative methodological framework and utilises secondary sources for analysis. We advance several recommendations in this paper to remedy the highlighted issues: (1) creating a comprehensive legal and regulatory system; (2) fortifying home-based technology of nuclear development and simultaneously localising of foreign-based technology; (3) reducing the cost of nuclear energy production; (4) fast-tracking the procedure of efficient development of nuclear technology; (5) accelerating the procedure of switching to more
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