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

Author

Listed:
  • Gideon Simon Ghajiga

    (Veritas University Bwari, Abuja, Nigeria)

  • Dikeledi Jacobeth Warlimont

    (Mzansi Youth Leadership Academy NPO|NGO, North-West Province, South Africa)

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.

Suggested Citation

  • Gideon Simon Ghajiga & Dikeledi Jacobeth Warlimont, 2024. "Towards Sustainable Futures: An Analysis of Green Entrepreneurship Environmental, Social, and Economic Contributions," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 90-97, August.
    • Handle: RePEc:ovi:oviste:v:xxiv:y:2024:i:1:p:90-97
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    More about this item

    Keywords

    green entrepreneurship; sustainable development; environmental contributions; social impact; economic growth;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth

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