Debate on the Decision Making Process for Green Investments in Sustainable Development Context

Roxana Mihaela Sirbu, Draghici Anca, Oana Ramona Lobont and Alin Sirbu
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Roxana Mihaela Sirbu: Politehnica University of Timisoara, Romania
Oana Ramona Lobont: West University of Timisoara, Romania
Alin Sirbu: Politehnica University of Timisoara, Romania

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Abstract: Sustainability represents the new paradigm for the development of contemporary society. In order to achieve the desideratum to use rationally the natural resources to meet the needs of the present without compromising the ability of future generations to meet their own needs is necessary that the investments made by countries, regions, companies and people to be green investments. The purpose of this paper is to achieve a critical study regarding two concepts: (1) green investment; (2) models, methods, and methodologies for the prioritization the investment projects so as to select those projects aimed at green investments. After this research we can underline some preliminary conclusions: (1) the green investment represents a relatively new concept, little discussed in the literature; (2) the green investments represents the support to sustainable development of society; (3) the decision making process for green investment is a complex one that takes into account many variables. The main results of this study are: (1) the own definition of the concept of green investment, and (2) proposing a model of decision making process for green investments in companies.

Keywords: decision making process; green investments; management; sustainable development; prioritization of investment projects (search for similar items in EconPapers)
Date: 2015
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