Ovidius University Annals: Economic Sciences Series (Aug 2024)
Towards Sustainable Futures: An Analysis of Green Entrepreneurship Environmental, Social, and Economic Contributions
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.