Authors: Madhukar Karky, Mumo Nzau & Elijah Munyi
National Defence University-Kenya,
P.O Box, 370, Nakuru Kenya
C.A Email: madhukarkarky@hotmail.com
Abstract: This article delves into the intricate relationship between energy security, industrial development, and environmental sustainability in South Asia, focusing on India, Bangladesh, and Nepal. It scrutinizes the challenges posed by heavy reliance on fossil fuels and industrial activities, particularly in terms of air pollution and its repercussions. By analyzing the regulatory frameworks and policy initiatives in these countries, the essay evaluates their efficacy in promoting clean energy adaptation and sustainable development. Moreover, it explores Nepal’s hydropower potential and its implications for regional energy cooperation, highlighting opportunities for cross-border electricity trade. The study employs a political economy theoretical lens to understand the complex interplay of political, economic, and social forces shaping the energy landscape in South Asia. The findings underscore the importance of transitioning towards renewable energy sources and fostering regional cooperation to address energy insecurity and environmental challenges while promoting sustainable development. Furthermore, the essay emphasizes the role of organizations like BIMSTEC in facilitating clean energy adaptation and bolstering energy security in the region. Overall, it argues that harnessing clean energy solutions, particularly through the hydroelectric potential in Nepal, offers a pathway towards achieving energy security, fostering economic growth, and ensuring environmental resilience in South Asia.
Key Words: Adaptation, clean energy, climate change mitigation, cross-border electricity trade, energy insecurity, environmental degradation, grid interconnection
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Suggested Citation
Madhukar, K., Mumo N. & Munyi, E.(2024). Assessing The Impact Of Energy Insecurity On Industrial Development In South Asia: a Comparative Study Of India, Bangladesh And Nepal. Journal of Management and Business Administration, 4, 36-50. Available online at https://writersbureau.net/journals/jmba/assessing-the-impact-of-energy-insecurity-on-industrial-development-in-south-asia-a-comparative-study-of-india-bangladesh-and-nepal.pdf
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