Entrepreneurship in the renewable energy sector of Bangladesh: A conceptual analysis for exploring opportunity and challenge

Abstract

Bangladesh is endowed with ample supply of renewable sources of energy. By acknowledging the potential of renewable energy resources, Bangladesh could possibly meet its unprecedented energy demand, thus enhancing electricity accessibility to all and increasing energy security through their progression. A significant number of studies demonstrated the socioeconomic impact of the renewable energy especially in Bangladesh. According to these studies, it is realized that the entrepreneurial perspective of renewable energy is missing, with the exception of a few studies on innovation theory, social entrepreneurship, and micro-finance. The endeavor of this article is to argue that the renewable energy is an opportunity to slow environmental degradation opening a new perspective of the research agenda in entrepreneurship. In addition to that, it is hoped that this article contributes to the connection of entrepreneurial perspective, its opportunities and challenges, with renewable energy in the emerging markets in Bangladesh. This work allows introducing Bangladesh as an emerging context of entrepreneurship in renewable energy sectors of Bangladesh.

Assessment of biomass energy barriers towards sustainable development: Application of Pythagorean fuzzy AHP

“…The legal and regulatory environment presented the most significant obstacles. These obstacles are categorized as lack of policy, legislative and tax incentives, lack of enforcement, property rights, and contracts (Gabriel, 2016; Shithila et al, 2018; Stel, 2013). Instability on the political level, institutional cooperation, and a lack of government incentives are further barriers to the biomass business (Rupf et al, 2015).…”

Entrepreneur barrier analysis on renewable energy promotion in the context of Pakistan using Pythagorean fuzzy AHP method

“…These technologies are not only more expensive to develop, but they are also viewed as higher-risk investments. Entrepreneurs face numerous obstacles to promoting renewable energy, including a lack of available capital and difficulty obtaining credit (Bianchi 2010 ; Loock 2012 ; Gabriel 2016 ; Pueyo 2018 ; Shithila et al 2018 ; Cheraghi et al 2019 ), securing investors (Shithila et al 2018 ), and accessing credit (Bianchi 2010 ; Gabriel 2016 ; Ouedraogo 2019 ).…”

“…The most critical barriers encountered are the legal and regulatory framework. These challenges are categories as lack of policy (Stel 2013 ; Nasirov et al 2015 ; Gabriel et al 2016 ; Shithila et al 2018 ) , legislative and tax incentives (Stel 2013 ) , lack of enforcement, property rights, contracts (Stel 2013 ) .…”