Environment, Development and Sustainability
Md. Monirul Islam Chowdhury, Syed Masiur Rahman, Ismaila Rimi Abubakar, Yusuf A. Aina, Md. Arif Hasan & A. N. Khondaker
Abstract
Mitigating climate change via initiatives such as reducing emissions of greenhouse gases (GHG) and renewable energy (RE) generation helps in reducing environmental pollution, increasing efficiency, and saving costs in the energy industry. Bangladesh recently formulated some policies and initiatives for reducing GHG emissions that have been increasing at an alarming rate lately, which are driven largely by economic growth, energy security, and local environmental concerns. However, little is known about the impacts of the existing policies and initiatives on curbing GHG emissions and promoting environmental sustainability, especially from the agriculture and energy sectors that contribute 44% and 39% to the country’s net emissions, respectively. This study, therefore, reviews the extent of GHG emissions in the country and analyzes the country’s key policies and initiatives for mitigating climate change and promoting environmental sustainability. The key finding is that despite the existence of a national energy policy and initiatives such as RE development, rational and efficient use of energy, Intended Nationally Determined Contributions, clean development mechanism, international and private sector collaboration, GHG emissions are projected to continue to grow at high rates due to population growth, industrialization, energy consumption growth that outpace government initiatives to reduce emission levels. The paper concludes that good governance, behavioral transformation, and public awareness about climate change are vital steps for reducing GHG emissions and promoting environmental sustainability.
Keywords
Greenhouse gas emissions, Carbon trading, Renewable energy, Clean development mechanism, Solar home systems