Nexus of Green Innovation and Sustainable Development: A Systematic Review of Literature

Samwel Kiptoo Bett
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Samwel Kiptoo Bett: Lecturer, School of Business, Kenya Highlands University, Kenya.

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 14, 80-90

Abstract: Climate change has prompted scholars to seek solutions, with many proposing that green innovation can drive sustainable development. This study examines the relationship between green innovation and sustainable development through a systematic review of existing literature. The review is framed by three key theories: Diffusion of Innovation Theory, Institutional Theory, and Triple Bottom Line Theory. A systematic review methodology was employed, involving a thorough search of scholarly databases to identify relevant articles, reports, and book chapters. These studies were critically appraised and synthesized to highlight key themes, theoretical frameworks, methodologies, and findings related to the green innovation-sustainable development nexus. The review reveals a complex, multidimensional relationship between green innovation and sustainable development. Green innovation positively impacts sustainable development, particularly in enhancing environmental and social sustainability. While numerous benefits are identified, significant challenges remain, including the lack of policies, regulations, and frameworks to effectively implement green innovations across various sectors. The study concludes that green innovation has a positive and significant influence on sustainable development. It recommends enhancing collaboration among governments, businesses, academia, and civil society to promote knowledge sharing, joint research, climate finance, policy frameworks, and innovative solutions for addressing climate change.

Date: 2024
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