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Challenges of the green economy: review of concepts and definitions

Khalid Shafter

Wrocław University of Science and Technology, Polska

ul. Wybrzeże Wyspiańskiego 27, 50-370 Wrocław

e-mail: khaledshaftir@gmail.com

Keywords:
green economy, sustainable development, management style

Abstract

DOI: https://doi.org/10.5281/zenodo.4469821
received: 23.10.2020
corrected: 10.11.2020
accepted: 28.11.2020

The green economy aims to preserve environmental components and biodiversity. There are priority areas that could prompt a move towards it, such as agriculture, energy, tourism, transportation and waste and water recycling. The green economy idea revolves around sustainable development, which means creating new economic opportunities, encouraging investment and innovation. The goal of this paper is to clarify the concept of a  green economy as a path towards achieving sustainable development that includes social, environmental, and economic development. This is done through an extensive literature review, combining aspects of the green economy and sustainable development. The paper discusses the challenges of applying the green economy in Libya as an example, and clarifies the possible concepts that affect green management style in Libya. The paper found that many factors could affect Libyan green management style such as political, environmental, and social instabilities. The paper recommends that to ensure the application of green management in developing countries, such as Libya requires a movement towards a clean and safe environment and improving living standards to restore the ecological balance and reduce the gap between the rich and the poor

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