ENERGY CONSERVATION AND INVESTMENT IN RENEWABLE ENERGY IN BANGLADESH

Outline

1. Introduction 2. Demand for Energy Consumption in Bangladesh 3. Review of Literature 4. Theoretical Settings 5. Data Sources and Analytical Framework 5. Empirical Analyses 6. Policy Implications of the Empirical Study 7. Clean Energy Technologies 8. Conclusions and Policy Recommendations

ENERGY CONSERVATION AND INVESTMENT IN RENEWABLE ENERGY IN BANGLADESH

Author: Shuddhasattwa Rafiq

DOI Link: DOI: https://www.doi.org/10.56888/ BIISSj2011v32n4a2

ABSTRACT

This paper investigates the dynamic relationships between output, energy consumption, carbon emission and price levels of Bangladesh during the period 1973-2009using multivariate vector error-correction model. To complement the findings of the co-integration analysis, this study performs various causality tests to she dlight on the causal links between output-energy and output-pollution. The empirical results reveal that in Bangladesh there is short-run unidirectional causality from energy consumption to output. The direction of causality indicates that any energy conservation measure might be detrimental to the current Bangladesh economy. Since Bangladesh cannot aggressively implement energy conservation mechanisms, the only environment-friendly policy option could be to implement clean energy technologies. Therefore, this paper further investigates the prospects of clean energy technologies and offers some way forward in this regard for Bangladesh.

BANGLADESH INSTITUTE OF INTERNATIONAL AND STRATEGIC STUDIES

Outline