Bangladesh, 41st largest economy in the world now
Bangladesh is now the 41st largest economy in the world, according to new data from the International Monetary Fund (IMF). Bangladesh and India were the only two South Asian countries considered to be part of the 50 largest economies of the world. The data can be seen in a visualized statistic published by the Visual Capitalist with data from the IMF, the 50 largest economies were responsible for the $100 trillion world economy. Although India remained the sixth largest global economy, the same as last year, Bangladesh moved up a notch from 42nd in 2021 to 41st position this year. However, Bangladesh's gross domestic product (GDP) of $397 billion this year, which amounted to 0.4% of the global GDP, was lower than last year's $400 billion figure. Among other South Asian countries, only Bhutan was ranked 163rd with a GDP of $3 billion, as one of the lowest global GDP contributors. But statistics for other South Asian countries such as Pakistan and Sri Lanka were unavailable as they did not make the top 50 list. According to the latest projections, the IMF expects the global economy to reach nearly $104 trillion in nominal value by the end of 2022.
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.