Abstract

Being a densely populated country with limited natural resources, Bangladesh is deadly suffering from the energy crisis since the past few decades. The geographical location of the country has even made it more vulnerable to the natural disasters. As a result, the country is experiencing the impact of current weather change and the economy is struggling to improve against the periodic occurrence of natural calamities such as cyclones, floods and drought. In spite of being in the row of least carbon producers, Bangladesh is one of the worst sufferers. Due to the limitation in fossil fuel reserve, the only way to minimize the supply-demand gaps in the energy sector is switching towards the alternative renewable energy sources. The initiatives in sourcing out alternative energy resources with low carbon emission from both the government and the private investors are still on the infancy stages. Local investors have started the initiations to switch towards renewable energy systems. There have been some remarkable achievements as the rural people have started using these green energy systems. Government has already taken necessary steps to energize the local economy through inspiring them by low interest loan schemes, and introducing the energy usage in the government owned offices. The renewable energy system is showing a lot of promise in Bangladesh, with the proper technical support and large-scale production Bangladesh will be one of the world leaders in adaptation of renewable energy system.

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