Abstract:
Bangladesh is experiencing fastest GDP
growth rate than anticipation in recent years. To
maintain this pace of economic development,
Government of Bangladesh (GOB) has successfully
drafted energy policies to fuel the increasing energy
demand by considering the targets of sustainable
development goal 7 (SDG7). The measures taken in the
seventh five-year plan of Bangladesh to achieve the
targets of SDG7 are set out to enhance the energy
accessibility of nation in affordable, reliable, sustainable
way with modern technology. The aim of this paper is to
explore the progress and challenges for Bangladesh
toward seamless achievement of SDG 7. Analysis reveals
that Government of Bangladesh is prone to solve the
energy crisis on emergency basis rather than
materializing the action plans of masterplan through
appropriate policy, reforms and regulation.
Consequently, Energy sector is driven to be costly,
unreliable and unsustainable in long term. It is suggested
that execution of fuel diversification plan, finalization of
appropriate incentives and tariff policy for renewable
energy market development, local as well as foreign fund
allocation for energy efficiency improvement should be
implemented to lead energy sector of Bangladesh toward
sustainable development.
