On Energy, Economics, Environment and Ethics: The Case of Bangladesh

Shaharia Akter and Sakib B. Amin

Sustainable economic development is required for any country. Thus, energy policy should be carefully taken since energy can affect both growth and economy. Ethics can also help to coordinate all these. The social value depends crucially on the social objective, which is not necessarily self-evident, e.g., since some individuals tend to value nature intrinsically. The importance of being explicit about value judgments is emphasized, and it is argued that environmental economics should consider non-conventional assumptions which take the social context into account to a larger degree. In a fast growing country like Bangladesh, the concept of ethical energy policy structuring is of utmost importance following the fact that energy has been enlisted as one of the crucial factors of production complementing labor and capital. Existing literature reveals that how much they paid attention on the role of ethics. But no one focus on the fact of ethics. Therefore, the paper objective of this paper is to combined ethics with energy, economics and environment for sustainable development in Bangladesh economy. The paper concludes that energy economists and policy makers are often bombarded with ethical issues in developing energy policies whereby unequal access to energy is resulted amongst the population of developing countries in particular.