Abstract
This study strives to assess the long-run dynamic relationship between carbon emission, and phenomena such as globalization, industrialization, electricity consumption, and agriculture for Bangladesh by utilizing annual Time series data for 1971-2014. To this end, ARDL co-integration approach is utilized in this study to investigate the particularly targeted dynamics. The findings reveal strong positive long-run relation between carbon emission, and globalization, and electricity consumption while exhibiting weak relation between emission, and industrialization. For agriculture, no significant long-run relation could be found. The current economic status of the country is liable for the relation dynamics. Improvement from the existing physical, and governance infrastructure of the country holds the key to mitigating the emission problem generating as a by-product of growth, and globalization in general.Keywords: Climate change; Economic growth; Carbon emission; Energy consumption; Co-integration; Environmental economics.JEL Classifications: C32, F64, Q56DOI: https://doi.org/10.32479/ijeep.11817
Highlights
The story of development over the last hundred years can be perceived into two broad divisions
The growth has brought about spectacular economic benefit, the impact it is rendering by degrading the environment has become a hot-button issue as climate change issue can be regarded to be irrevocable, posing an impending threat for the most natural disaster-prone countries like Bangladesh and for the whole world
Over the last few decades, Bangladesh’s economy has been maintaining a steady growth path. Though this journey of high economic growth has confirmed different socioeconomic benefits, the impact it is rendering by degrading the environment has become a hot-button issue
Summary
The story of development over the last hundred years can be perceived into two broad divisions. There are stories of concern regarding our very existence in the world. The latter comprises nothing much other than the story of environmental degradation, which puts all the achievements of the former at great peril. The Intergovernmental Panel on Climate Change (IPCC) forecasted that by the end of 21st Century, the global warming will rise between 1.8 and 4 degree, and at best 6.4 degree as compared to that of 20th century (Richard Alley et al, 2007; Ryan-Collins et al, 2011). The leading cause of global warming is the activity of humans that discharges greenhouse gases (GHG) into the atmosphere (Ryan-Collins et al, 2011). Due to COVID-19 launchings such as lockdowns, though a worldwide drop in GHG emission is noticeable, assessments suggest
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