Energy crisis: A growing concern

Bangladesh, a developing country with aspirations for economic growth, is currently grappling with an energy crisis that hampers its progress. As the population increases and industrialisation accelerates, there is a marked decrease in the availability of energy resources, leading to a significant energy deficit. This crisis comes at considerable costs to the economy, the welfare of citizens, and the environment.
Several factors contribute to the energy crisis in Bangladesh. Rapid population growth has led to higher energy demand for households and businesses. Industrialisation, a key driver of Bangladesh's economic growth, further amplifies this demand, as various industries require substantial amounts of electricity and other forms of energy.
Additionally, the energy sector's infrastructure is outdated and inefficient, resulting in significant losses during energy transmission and distribution. The country's reliance on imported fuels to meet most of its energy needs makes it vulnerable to fluctuations in international market prices.
The repercussions of the energy crisis are profound and multifaceted. Economic growth is hindered, as energy constraints inhibit industrial processes, leading to low export rates and sluggish development. Social welfare is also affected; the lack of consistent electricity diminishes the quality of life for millions, particularly in rural areas, reducing access to education, healthcare, and essential services. Furthermore, the reliance on fossil fuels for energy generation contributes to environmental pollution, raising significant concerns for the future.
To address the energy crisis, Bangladesh must adopt a comprehensive approach. Promoting energy efficiency through the use of energy-efficient products and services can help conserve energy and alleviate demand on the energy networks. Investing in renewable energy sources, such as solar, wind, and hydropower, will decrease dependence on imported fuels and diversify the country's energy mix. Increasing public awareness about energy conservation and implementing policies to encourage energy-saving practices are also crucial. Additionally, significant investment in infrastructure is necessary to meet the growing electricity demands of the country.
To alleviate the energy crisis, it is imperative for the government, businesses, and citizens of Bangladesh to collaborate. Adopting sustainable energy solutions and prioritising energy conservation will be essential for securing a stable and prosperous future for the population.

Meherunnesa Akhi
Student
School of Business and Economics
[email protected]