“Green Chemistry in the Fight Against Climate Change†Kpis, Reporting and Carbon Accountability in Chemical Innovation
Abhay Kaushik
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Abhay Kaushik: Parishkar College of Excellence
International Journal of Research and Innovation in Applied Science, 2025, vol. 10, issue 9, 537-545
Abstract:
The chemical industry, which is among the most vital industries to the global economy, contributes significantly to climate change because of the emissions of CO2 due to fossil fuels and hazardous waste. Green chemistry finds solutions toers by using the Twelve Principles by decreasing toxicity, energy requirements and wastes. The Atom Economy, Carbon Efficiency, and Renewable Feedstock Utilisation are examples of such Key Performance Indicators (KPIs) that are used to measure the development and ensure compliance with the regulatory (e.g., REACH, CSRD) and decarbonisation. Poor standardisation and high transition costs form the barrier to success; predicted investment opportunities in the circular economy became ESG investment and circular economy innovations. The implementation of KPIs as a mandatory and inseparable component of measurable and reportable systems would help transform green chemistry into a viable action plan that would render the industry synonymous with net-zero goals and sustainable growth.
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:bjf:journl:v:10:y:2025:i:9:p:537-545
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