Reinvigorating the role of clean energy transition for achieving a low-carbon economy: evidence from Bangladesh
Abstract
Achieving carbon-neutrality has become a global agenda following the ratification of the Paris Agreement. For the developing countries, in particular, attaining a low-carbon economy is particularly important since these economies are predominantly fossil-fuel dependent, to which Bangladesh is no exception. Therefore, this study specifically aimed at evaluating the environmental impacts associated with energy consumption and other key macroeconomic variables in the context of Bangladesh over the 1975-2016 period. As opposed to the conventional practice of using carbon dioxide emissions to proxy environmental quality, this study makes a novel attempt to use the carbon footprints to measure environmental welfare in Bangldesh. The outcomes from this study are expected to facilitate the carbon-neutrality objective of Bangladesh and, therefore, enable the nation to comply with its commitments concerning the attainment of the targets enlisted under the Paris Agreement and the United Nations Sustainable Development Goals declarations. The econometric analysis involved the application of methods that are suitable for handling the structural break issues in the data. The overall findings from empirical exercises reveal that aggregate energy consumption, fossil fuel consumption, and natural gas consumption boost the carbon footprint figures of Bangladesh. In contrast, nonfossil fuel consumption and hydroelectricity consumption are witnessed to abate the carbon footprint levels. Besides, economic growth and international trade are also evidenced to further increase the carbon footprints. Hence, these findings suggest that a clean energy transition within the Bangladesh economy can be the panacea to the nation's persitently aggravating environmental hardships. Furthermore, the causality analysis confirmed the presence of unidirectional causalities stemming from total energy consumption, fossil fuel consumption, natural gas consumption, hydroelectricity consumption, economic growth, and international trade to the carbon footprints. On the other hand, nonfossil fuel consumption is found to be bidirectionally associated with carbon footprints. In line with these aforementioned findings, several key policy suggestions are put forward regarding the facilitation of the carbon-neutrality agenda in Bangladesh.
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In Bangladesh, renewable energy use for electricity production is as low as 1%, which is insufficient to reduce carbon emissions.
“Renewable energy sources improve environmental quality; nevertheless, their use in Bangladesh for electricity production is as low as 1%, which is insufficient to reduce carbon emissions (Murshed et al. 2021).”
From Strategies to achieve a carbon neutral society: a review (2022) · cites this paper as Murshed et al. 2021
Increasing per capita hydroelectricity consumption by 1% reduced the carbon footprint by 0.02-0.03%, all other things being equal.
“The findings indicated that increasing per capita hydroelectricity consumption by 1% reduced the carbon footprint by 0.02–0.03%, all other things being equal.”
From Strategies to achieve a carbon neutral society: a review (2022) · cites this paper as Murshed et al. 2021
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Ahmed, A. M., Bekiros, S. D., Rosklint-Lindvall, E., et al. (2018) · Energy Systems · doi:10.1007/s12667-018-0309-5 · Cited by 16 · see citing works
Iqbal, B. A. (2020) · RUDN Journal of Economics · doi:10.22363/2313-2329-2020-28-4-858-865 · Cited by 3 · see citing works
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Strategies to achieve a carbon neutral society: a review
Chen, L., Msigwa, G., Yang, M., Osman, A. I., Fawzy, S., Rooney, D. W., & Yap, P.-S. (2022) · Environmental Chemistry Letters · doi:10.1007/s10311-022-01435-8 · Cited by 1,326 · see citing works
- Authors
- Murshed, M., Ahmed, Z., Alam, M. S., Mahmood, H., Rehman, A., & Dagar, V.
- Affiliations
- North South University (BD)
- Beijing Institute of Technology (CN)
- University of Bahrain (BH)
- Prince Sattam Bin Abdulaziz University (SA)
- Henan Agricultural University (CN)
- Amity University (IN)
- Corresponding author
- Murshed, Muntasir
- Venue
- Environmental Science and Pollution Research
- Published
- 2021-07-14
- Volume
- 28
- Issue
- 47
- Pages
- 67689-67710
- ISSN
- 0944-1344 (ISSN-L)
- 1614-7499
- OpenAlex
- W3182559737
- Cited by
- 179
- References
- 121
- Citations by year
- 2026: 15 · 2025: 25 · 2024: 26 · 2023: 39 · 2022: 56 · 2021: 18
- FWCI
- 26.53
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Environmental Science and Pollution Research (publishedVersion)
- PubMed (publishedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Energy, Environment, Economic Growth
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Climate Change Policy and Economics
- Physical Sciences › Energy › Renewable Energy, Sustainability and the Environment › Renewable energy and sustainable power systems
- Keywords
- clean energy transition, carbon footprint, low-carbon economy, carbon neutrality, energy consumption, fossil fuel consumption, natural gas consumption, hydropower, economic growth, international trade, environmental quality, structural breaks, causality, Bangladesh
- MeSH terms
- Bangladesh, Carbon Dioxide, Commerce, Internationality, Economic Development, Renewable Energy, Natural Gas
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