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

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.

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