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The role of environmental initiatives and green value co-creation as mediators: promoting corporate entrepreneurship and green innovation

Author

Listed:
  • Ijaz Ahmed

    (Pakistan Institute of Engineering and Applied Sciences (PIEAS))

  • Alveena Irshad

    (University of Aveiro)

  • Sarah Zafar

    (Capital University of Science & Technology)

  • Basim Ali Khan

    (Capital University of Science & Technology)

  • Muhammad Raza

    (Pakistan Institute of Development Economics)

  • Pahgunda Roheela Ali

    (Pakistan Institute of Engineering and Applied Sciences (PIEAS))

Abstract

Currently, the conflict between Russia and Ukraine could have an impact on the EU region’s energy-dependent relationships. This study lays out a strategy for luring energy corporate investors to make investments in clean energy technology, thereby helping to mitigate the effects of global warming caused by wood burning while also advancing the regional long-term technological development and energy sustainability. On the other hand, we assessed the financial, technological, and environmental elements of suggested energy plans for the country using RETScreen simulation. We used a NASA satellite database to evaluate the climate data of the proposed site, and the local currency, the Euro, was used to assess the financial viability. In addition, our analysis encouraged policymakers, energy operators, entrepreneurs, and energy industry stakeholders to invest in green technology innovation. The research details the technical analysis and optimal orientation for installing solar arrays in the Porto/Pedras Rubras area, as well as discussing the architecture of a 100 MW grid-connected solar photovoltaic system. Financial, carbon emission, and risk analyses of the proposed system are also presented in this study. There are a number of other significant benefits to this study as well. It makes the state less reliant on volatile energy markets in other countries and shows how to get long-term energy security. Second, the RETScreen results inspired business owners and other stakeholders to make investments in green technologies.

Suggested Citation

  • Ijaz Ahmed & Alveena Irshad & Sarah Zafar & Basim Ali Khan & Muhammad Raza & Pahgunda Roheela Ali, 2023. "The role of environmental initiatives and green value co-creation as mediators: promoting corporate entrepreneurship and green innovation," SN Business & Economics, Springer, vol. 3(4), pages 1-22, April.
    • Handle: RePEc:spr:snbeco:v:3:y:2023:i:4:d:10.1007_s43546-023-00465-w
    DOI: 10.1007/s43546-023-00465-w
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    More about this item

    Keywords

    Energy policy; Innovation; Green energy; RETScreen; Financial and environmental feasibility;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • E47 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Forecasting and Simulation: Models and Applications
    • F18 - International Economics - - Trade - - - Trade and Environment

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