Bast fiber textiles have become increasingly popular as a sustainable alternative in recent years. Although the carbon emissions of bast fiber textiles have been studied using life cycle assessment method, there is a lack of comprehensive literature analyzing and summarizing the results. This study reviews the current state of research on the carbon emissions of bast fiber textiles. Compared to other plant fibers, there are fewer studies on the carbon footprint or life cycle assessment of bast fiber textiles, and these studies lack a comprehensive “cradle to grave” or “gate to grave” analysis. In addition, inconsistencies exist in the allocation methods used for carbon footprint assessments. This study suggests a combination of physical and economic allocation to conduct a more accurate environmental impact assessment of bast fiber textiles. On the basis of the above review, this study modularizes the process of the entire life cycle of textiles and analyzes the carbon sequestration and emission characteristics to determine the main considerations for carbon footprint assessment. The carbon sequestration effect of bast fiber textiles should be analyzed at the raw material extraction stage and at the end-of-life stage. Oxygen release and consumption are also considered as additional factors to be quantified and analyzed in this study. In the future, the modular method should be used for all carbon footprint evaluation reports for bast fiber textiles. This method helps to comprehensively quantify and evaluate the carbon footprint of bast fiber textiles throughout their entire life cycle. It can provide recommendations for green design, green production and sustainable consumption.