Towards a green economy

There is an encouraging change in the business and economic environment of Bangladesh: the growing movement to the green economy. With climate change becoming a serious threat to our agriculture, industry and our seaside settlements, policymakers and consumers are beginning to appreciate the need to pursue environmentally sound economic activities. Green economy is based on the priority of sustainable production, renewable energy, reduction of waste and efficient use of resources which are becoming crucial to the prosperity of a country in the long term. Across the country, a large number of enterprises are starting to invest in solar power, energy-saving technologies and environmentally-friendly production cycles. The emergence of green startups, which advance recyclable goods, organic agriculture, and clean energy, is a good move towards the process of balancing economic growth and environmental conservation. These changes eliminate carbon emissions as well as incorporate new sources of employment and innovation avenues.

However, there are still a number of challenges. There are companies that are still strongly dependent on the old and rather polluting techniques, and rules are not always followed strictly. Also, the lack of awareness and expensive start-up prices do not encourage the use of green technologies among small businesses. In order to hasten the transformation, there is a need to have more powerful policy backing, economic benefits, and state-business alliance. Education of the consumer is also a very important aspect in stimulating demand of truly friendly products to the environment.

With full adoption and implementation, the green economy can transform the future of Bangladesh-to save and safeguard our environment, as well as enhance economic stability. In conclusion, sustainable development will depend on our response and responsible acts as a group of people to ensure that we attain the same sustainable development in the future.

Md. Shakil Ahmed

Dhaka

shakil.ahmed21@northsouth.edu