Nexus Between Agriculture, Industrialization, Imports, and Carbon Emissions in Bangladesh

Abstract

Global warming is a significant worldwide challenge, principally caused by the ongoing increase in carbon dioxide (CO₂) concentrations. Confronting this dilemma necessitates inventive solutions and anticipatory actions to alleviate the consequences. This paper analyzes the influence of Bangladesh’s agriculture, industrialization, and imports on CO₂ emissions to inform sustainable development strategies. The dynamic ordinary least squares (DOLS) method was applied by utilizing time-series data from 1971 to 2023. The unit root tests were used to ensure the data stationarity. The results of the DOLS estimation revealed that a 1% increment in the agricultural value added would reduce CO₂ pollution by 0.51% in the long run. However, a 1% increase in industrialization and imports causes higher carbon emissions in Bangladesh by 1.39% and 0.64%, respectively. The research highlights the significance of advancing green manufacturing methods, improving agricultural efficacy, and limiting imports as crucial gauges for reducing CO₂ emissions and attaining ecological longevity in Bangladesh.