• Sunday, Sep 19, 2021
  • Last Update : 07:36 pm

Time to explore newer avenues for gas

  • Published at 12:02 am March 14th, 2019
Gas Stove
Representational Photo Bigstock

What the government should be focusing on is renewable sources of energy

The recent gas price hikes have been contentious, to say the least.

On one hand, higher gas bills will make citizens unhappy in the short-term, increasing household costs. 

On the other, with gas rates subsidized to the extent that they are, and gas supplies already running low, hikes in gas prices are somewhat essential to ensuring that gas continues to contribute significant revenue to our economy.

But, at the end of the day, this should come as no surprise, considering the fact that all our current gas fields are near depletion and we have failed to conduct the explorations required to ensure alternatives for the current scenario. 

As such, with Bangladesh currently importing Liquefied Natural Gas at high costs, a price hike was inevitable and reflects our need as a nation to look to the future, to alternative sources of energy, especially renewable. 

While we understand that the current price hike -- up to 80% for households -- is ridiculously high, subsidies on LNG and other fossil fuels are detrimental to our nation in the long run.

What the government should be focusing on is renewable sources of energy, the case for which is weakened every time government policy reflects subsidies for non-renewable energy sources.  

The administration would do well to take the increased revenue from higher gas returns and invest in wind, solar, and other forms of renewable energy to better future-proof our nation and prepare for the fight against climate change as well. 

This has the potential to not only create a better environment for our citizens and their children, but also cheapen energy costs in the long run. 

At the end of the day, such a change will not only benefit the nation, but every household in the country.

Facebook 52
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail