Relationship between industrial development and energy-related industrial CO 2 emissions in Bangladesh: application of ARDL and LMDI models

Md. Atikur Rahaman, Md. Afzal Hossain and Kanasani Rajesh

International Journal of Sustainable Economy, 2025, vol. 17, issue 4, 345-372

Abstract: This research investigates the relationship between industrial development and CO₂ emissions stemming from energy consumption in Bangladesh's industrial sector. Employing the ARDL bound test and LMDI decomposition index model, our analysis reveals that energy consumption and industrial development exert long-term positive effects on CO₂ emissions. LMDI decomposition index model shows that industrial economic activity and labour factor are the two key factors driving up CO₂ emissions. But only to the degree that industry energy intensity, emissions, and energy structure variables allow for the minimisation of CO₂ emissions. By elucidating these relationships and proposing actionable strategies, this study contributes to the discourse on responsible industrial development amidst the imperative to combat global warming.

Keywords: industrial development; energy consumption; CO 2 emissions; decompositions; decoupling; ARDL model; Bangladesh. (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijsuse:v:17:y:2025:i:4:p:345-372

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