Towards Sustainable Futures: An Analysis of Green Entrepreneurship Environmental, Social, and Economic Contributions

Gideon Simon Ghajiga () and Dikeledi Jacobeth Warlimont ()
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Gideon Simon Ghajiga: Veritas University Bwari, Abuja, Nigeria
Dikeledi Jacobeth Warlimont: Mzansi Youth Leadership Academy NPO|NGO, North-West Province, South Africa

Ovidius University Annals, Economic Sciences Series, 2024, vol. XXIV, issue 1, 90-97

Abstract: This study explores the growing field of green entrepreneurship and its contributions to sustainable development. As global environmental concerns rise, green entrepreneurship’s role in promoting environmental, social, and economic sustainability is increasingly recognized. This research examines the environmental practices, social impacts, and economic outcomes of green entrepreneurial ventures. Environmentally, green entrepreneurship involves initiatives like resource conservation, pollution reduction, and renewable energy adoption, which support ecosystem resilience and biodiversity. Socially, it fosters inclusive growth, empowers marginalized communities, and promotes social equity, addressing issues such as poverty, clean water access, and health. Economically, green entrepreneurship drives innovation, creates jobs, and stimulates growth while reducing negative impacts, supporting a circular economy through resource efficiency and waste reduction. Overall, this study highlights the critical role of green entrepreneurship in integrating environmental stewardship, social inclusion, and economic prosperity, offering insights for policymakers, businesses, and stakeholders aiming to promote sustainability amidst global challenges.

Keywords: green entrepreneurship; sustainable development; environmental contributions; social impact; economic growth (search for similar items in EconPapers)
JEL-codes: L26 M1 O44 Q01 Q56 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxiv:y:2024:i:1:p:90-97

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