The process of manufacturing Carbon Fiber Reinforced Plastic (CFRP) parts—what we call "carbon" bikes—stands apart from the rest as extremely undesirable for the environment. Some bike companies have even decided they won't make carbon frames because of that.
The impact of carbon fiber itself is about 14 times more emissions than steel, but it's offset by its light weight - only 1/4 as much is needed. Almost all of the harm comes from the epoxy resin the fiber is bonded with. The process involves toxic chemicals in the resin, prolonged heating to set it, and leaves behind several times the frame's weight in plastic waste from single-use equipment. One unavoidable source of waste is the molds, made out of plastic, filling the entire inside of the frame while carbon is laid on top of them; these molds are destroyed to free the part and new ones are made for each frame. Avoidable waste includes tubing, wrapping, and excess resin. Unused material and used-up supplementary plastics end up as trash.
Recycling CFRP is somewhat possible, by burning off the epoxy (toxic) and chopping it into a powder, but the resulting material can't be used for products requiring strength. It's a growing problem in the aviation industry, and they're looking at environmentally friendlier thermoplastics to replace epoxy. Aviation's justification is that a plane burns over 1000 times its weight in fuel. Aerospace parts and processes also involve a lot less waste and toxic exposure.
As long as you're going with any metal rather than carbon, it doesn't really matter: being so light, bike frames have a very small environmental footprint. There's very little waste in making metal frames, and it's easily recycled. If any of the bike factory's workers commute by car, that's likely to have more impact than the metal used for the frame itself.
This is a big redeeming point for carbon bikes. The "worst" bike still has far less impact than even the "best", most-environmentally-friendly, even electric car, just due to the 100-fold difference in size. So if a carbon frame, fork, or full bike helps you enjoy the ride and skip the car, even sometimes, don't worry - it's well worth it! As an individual rider, any bike is better for the environment than any motorized transport it replaces. So any bike saves more than it costs.
But if I was in the business of making a million bikes, I'd check if I can meet each part's target specs with metal first. It's often possible (all-metal sub-6.8 bike), sometimes metal's better, it's also why planes aren't all-carbon. So if one needs more reasons to avoid cheap off-brand carbon parts, that's one - no-name factories also take more liberties with worker safety and waste disposal than high-end ones in Japan and Taiwan.
Bamboo is mostly an aesthetic choice. The highly stressed parts are still metal (or even carbon), only the tubes are replaced with bamboo. It's a cool look, but bamboo comprises about 10% of the bike's total weight, and the lacquer offsets the small amount of metal saved.
To go in depth about metals... Aluminium vs steel is an ongoing industry debate. Steel makers offer compelling reasons for steel, while impact studies slightly favor aluminum. When doing design analysis, steel starts out as more sustainable, but aluminum takes over when the proportions of non-fossil power and recycled metal in the mix increase. They're very close and are easily the most sustainable materials short of wood and concrete.
Titanium production involves more waste than steel or Al, but it's partially offset by its longevity. A bike-specific study found 3x more impact from titanium and stainless steel (which is up to 30% alloy) compared to carbon steel. In general, materials that cost more usually take more steps or resources to produce, and this holds here.
Summary:
- Regular carbon steel has the least environmental impact out of any frame material.
- Aluminum has slightly more impact than carbon steel, but slightly less with mass recycling.
- Titanium and stainless steel have ~3x the impact of aluminum or carbon steel. Their longevity might offset it however.
- Carbon fiber has the most impact, at 14x, and additionally involves toxic chemicals and non-recyclable waste. Off-brand carbon is worse.
- With bamboo, refer to the rest of the bike's material.
- The impact of any bike is small compared to the fuel it saves.