TITLE:
A Resource-Based Assessment of Renewable Energy Potential in Bangladesh: Challenges and Opportunities
AUTHORS:
Shaon Md Tariqur Rahman, Shekhor Saha, Samuel Bogale Worku, Redar Hameed Ali, Antor Mahamudul Hashan
KEYWORDS:
Energy, Renewable Energy, Policies, Energy Security, Sustainable Development
JOURNAL NAME:
Open Access Library Journal,
Vol.11 No.11,
November
21,
2024
ABSTRACT: The purpose of this study is to evaluate the renewable energy potential in Bangladesh and examine the policies and challenges influencing its adoption. Bangladesh, with its abundant solar, wind, and biomass resources, holds significant promise for renewable energy development. However, the country faces critical challenges, including inadequate infrastructure, policy barriers, and limited financing, which hinder the widespread adoption of renewable energy technologies. In this study, we conducted a comprehensive analysis of the renewable energy landscape, assessing the potential of different renewable sources and evaluating the impact of existing policies. We also identified key barriers that limit progress in this sector, such as high upfront costs, insufficient regulatory frameworks, and technical limitations. Our findings indicate that while renewable energy could play a transformative role in Bangladesh’s energy mix, contributing to energy security and reducing dependence on fossil fuels, substantial policy reforms and investments are needed to fully harness this potential. The study highlights the need for integrated strategies that address technological, financial, and regulatory challenges to promote sustainable energy development. Ultimately, this study underscores the importance of renewable energy as a critical component of Bangladesh’s transition to a low-carbon economy, offering pathways for both economic growth and environmental sustainability. The insights provided in this study can serve as a guide for policymakers and stakeholders in shaping a more resilient and sustainable energy future for Bangladesh.