The Contribution of Green Entrepreneurship in Accelerating Sustainable Development: An Analytical Study Using SWOT Model

Abstract

The present study contributes in light shedding on the pivotal role that plays green entrepreneurship in the achievement of the sustainable development goals since the latter aims primarily to deliver solutions to the accompanying and inevitable developmental challenges, either environment, social, or economic. Because economic activities generate waste that considerably impacts the environment, major economic organizations are at the obligation of adopting practices that consider the fundamental dimensions of sustainable development. A fact that created a shift from the traditional entrepreneurship model to what is known today as the Green Entrepreneurship, which plays a crucial role in the achievement of sustainable development. A fact that in turn led the present study to the examination of various, previous studies in an effort to uncover the existing relationships between the different variables using the SWOT analysis to the identification of strengths, weaknesses, opportunities, and threats, resulting from the shift towards green entrepreneurship in the context of sustainable development. The findings concluded that green entrepreneurship works towards the accelerative advantage of the sustainable development through its dimensional embodiment as part of the green entrepreneurship requirements. Additionally, the encouragement of clean energy exploitation and innovation that tends to increase economic opportunities for entrepreneurs in various fields such as renewable energy and sustainable agriculture.