Assessing the Impact of Sustainable Technological Changes in the Transition to a Green Economy

Lyudmila N. Usenko, Victoriya A. Guzey, Natalia M. Usenko and Svetlana S. Lavrenchenko

Chapter 5 in Sustainable Development of the Green Entrepreneurial Economy, 2025, pp 45-59 from World Scientific Publishing Co. Pte. Ltd.

Abstract: During the research, the authors highlighted the main key factors that will contribute to the formation of the idea of transforming toward a green economy, which is relevant at present. They also outlined a set of technological changes necessary to realize a green economy and identified several criteria to assess these technological changes. Implementing the green economy as an innovative business model is necessary to ensure its sustainable development. The green economy model will contribute to the development of technological transformation and favor the achievement of a new vector of economic development, which will consequently offset the negative impact on the environment when using exhaustible natural resources. The implementation of the business model of a green economy everywhere can be realistically realized only if the necessary prerequisites are provided. Their presence will ensure the formation and development of progressive technological changes in the economy. It is necessary to recognize the existence of a set of technological limitations that slow down the successful development of the green economy and reduce the possibilities of using renewable energy sources. These include the high cost of wind and solar power plants, the high cost of production of electric vehicles, which are an environmentally friendly mode of transport, and the underdevelopment of infrastructure facilities for charging and servicing electric vehicles.

Keywords: Green Entrepreneurial Economy; Sustainable Development; Sustainable Development Goals (SDGs); Economy of Transformations; Green Economy; Energy Efficiency; Renewable Energy Sources; Waste Disposal; Carbon Footprint; Green Technologies; Eco-City; Green Finance; Green Banking; ESG Strategies; Digitalization (search for similar items in EconPapers)
JEL-codes: O13 Q01 Q4 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789811290770_0005 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789811290770_0005 (text/html)
Ebook Access is available upon purchase.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:wschap:9789811290770_0005

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().