Existing situation and prospects of green economy: evidence from Bangladesh

Abstract

Economy for green is currently becoming a “buzz word” among producers, suppliers and consumers, which is also receiving impetus in Bangladesh. Based on the literature review, a number of theoretical relationships were empirically tested. An investigative query is: to what extent the green economy is flourishing with a via to extend sustainability of the state with competitive advantage? Structured questionnaire was deliberated in order to find the relationships between the demographic variables and the green ecosystem. Time period of the research was October 1, 2017 to March 31, 2018. It was empirically observed that the relationship between the respondents of both genders and usability of green production in the country exists; the connection between business type and sensitivity of any green product is easily obtainable; the linkage between business type and awareness of any green product is accessible in the market; the linkage between type of institution and encouraging goods and services of any “Green Product” in Bangladesh occurs; the relationship between different types of institutes and use of Green Product consumption is applicable in the country. Economy for Green can possibly reduce the magnitude of the worst shock of natural disasters which increasingly occur as regular variation in addition to severe problems on human being and non-human assets. Consumers and producers are essential by conscious of green concept. Green Investment Bank in Bangladesh may be established to accomplish a broad range of economic support for innovative green projects and technologies leading to increasing capacity and sustainable connections.

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