Bangladesh economy to be 24th biggest in 2036, CEBR predicts
The Centre for Economics and Business Research (CEBR) has predicted that Bangladesh is set to take the crown for the 24th largest economy of the world within 14 years, according to a report published Sunday. This would represent an 18-place gain in the rankings. CEBR, one of the UK's leading economics consultancies, in its annual World Economic League Table also predicted that Bangladesh is likely to move up one notch in 2022 to place 41st on list of 191 countries. Moreover, the country is expected to reach the 34th place in 2026, the 29th position in 2031, and finally the 24th position in 2036. The London-based think tank said that previously, Bangladesh held 58th, 59th, and 46th positions in 2006, 2011, and 2016, respectively, indicating an upward trend in economic performance and consistency in growth. “As of 2021, Bangladesh is estimated to have a PPP adjusted GDP per capita of $5,733 and is classified as a lower middle-income country. Prior to the onset of the Covid-19 pandemic, per capita incomes were on an upward trajectory, owing to a robust rate of economic expansion twinned with a low rate of population growth, which has averaged just 1.0% per year between 2016 and 2021,” the report reads. Bangladesh has been amongst the world’s fastest growing economies over the last decade due to a number of factors, the report adds. “It benefits from a demographic dividend, with the share of its working age population exceeding that of non-working age. In addition, strong international demand for its readymade garments [RMG] has bolstered income from exports, against a backdrop of stable macroeconomic conditions,” CEBR said.
India targets net-zero carbon emissions by 2070, says Modi
India’s economy will become carbon neutral by the year 2070, the country’s prime minster has announced at the COP26 climate crisis summit in Glasgow. The target date is two decades beyond what scientists say is needed to avert catastrophic climate impacts. India is the last of the world’s major carbon polluters to announce a net-zero target, with China saying it would reach that goal in 2060, and the United States and the European Union aiming for 2050.
COP26: What climate summit means for one woman in Bangladesh
China's carbon emissions are vast and growing, dwarfing those of other countries. Experts agree that without big reductions in China's emissions, the world cannot win the fight against climate change. In 2020, China's President Xi Jinping said his country would aim for its emissions to reach their highest point before 2030 and for carbon neutrality before 2060. His statement has now been confirmed as China's official position ahead of the COP26 global climate summit in Glasgow. But China has not said exactly how these goals will be achieved.
Why China's climate policy matters to us all
China's carbon emissions are vast and growing, dwarfing those of other countries. Experts agree that without big reductions in China's emissions, the world cannot win the fight against climate change. In 2020, China's President Xi Jinping said his country would aim for its emissions to reach their highest point before 2030 and for carbon neutrality before 2060. His statement has now been confirmed as China's official position ahead of the COP26 global climate summit in Glasgow. But China has not said exactly how these goals will be achieved.
Deliver on promises, developing world tells rich at climate talks
A crucial U.N. conference heard calls on its first day for the world's major economies to keep their promises of financial help to address the climate crisis, while big polluters India and Brazil made new commitments to cut emissions. World leaders, environmental experts and activists all pleaded for decisive action to halt the global warming which threatens the future of the planet at the start of the two-week COP26 summit in the Scottish city of Glasgow on Monday. The task facing negotiators was made even more daunting by the failure of the Group of 20 major industrial nations to agree ambitious new commitments at the weekend.