In this study, the Group of 20 (G20; excluding EU economies) were selected as the research objects, and the dynamic network slacks-based model (SBM) was used to evaluate the impact of carbon dioxide (CO2) emissions and forested area on the efficiency and productivity of the industrial and agricultural sectors from 2011 to 2015. Empirical results showed that: (1) The efficiency of the industrial sector was superior to that of the agricultural sector among the G20 countries. Argentina, Australia, Indonesia, Saudi Arabia, South Africa, Turkey, the UK, and the US maintained the best industrial sector efficiency values, falling on the efficiency boundary, whereas Argentina, Brazil, Canada, France, Indonesia, South Korea, Russia, and the US had the best agricultural sector efficiency values. (2) Argentina, Indonesia, and the US had the best overall efficiency value of G20 countries. Saudi Arabia (0.0303), China (0.2721), and the UK (0.2809) had the lowest efficiency values. (3) Only France and Germany had higher than average total factor productivity, while Indonesia and Saudi Arabia had declining industrial and agricultural sector productivity. (4) The proportion of forested area (546.02%) was the most important variable to be improved due to the influence of desert topography, followed by the proportion of agricultural output values (60.86%) and the proportion of industrial output values (38.02%) in some countries.