This article investigates the current status of the relationship between CO2 emissions, energy consumption, final output and trade openness for Bangladesh over a period of time (1972-2008). The empirical results for the case of Bangladesh suggest that there is an existence of a robust long-run relationship along with the short-run dynamic adjustment between the variables. The study indicates that high economic growth may increase environmental degradation in future and therefore, policies to tackle environmental pollution are imperative where the use of both market and non-market based management tools are important. Finally, this study provides some future research directions which are beyond the scope of current research.