A Study on Role and Importance of Green Economy for Sustainable Development

Dr. Shivangi Dwivedi

Abstract: This study investigates the role of green economic principles including clean energy investment, green financing, and efficient resource utilization in advancing the Sustainable Development Goals (SDGs), with a focus on ASEAN countries. It analyzes how environmental sustainability can be integrated with economic growth through the adoption of green technologies, supportive policy frameworks, and inclusive development approaches... Some scholars argue that addressing the environmental impact on the planet requires reducing economic activity, which would involve strict limitations on resource use. On the other hand, others believe that economic growth can continue, but with a reduced environmental footprint. Some experts suggest it is entirely feasible to strike a balance between economic growth and the well-being of both the planet and its people. Key factors influencing environmental, social, and governance (ESG) practices include green economic development, clean energy, and green financing. These elements have a positive and significant impact on the progress of ASEAN economies toward achieving the Sustainable Development Goals (SDGs). Each of these factors plays a crucial role in promoting sustainability, even when examined individually through various regression models. The relationships between the explanatory and outcome variables remain consistent, even when controlling for factors like climate regulatory quality, foreign direct investment, and gross domestic product. Using empirical evidence and regression analysis, the research underscores the transformative impact of integrating green finance with economic inclusion. The results highlight how governance quality, technological advancements, and strong institutional support drive the transition toward a resilient, low-carbon, and equitable development pathway.

Keywords: green economy, sustainable development, green finance, environmental policy, clean energy

How to Cite?: Dr. Shivangi Dwivedi, "A Study on Role and Importance of Green Economy for Sustainable Development", Volume 14 Issue 12, December 2025, International Journal of Science and Research (IJSR), Pages: 89-94, https://www.ijsr.net/getabstract.php?paperid=SR251127153517, DOI: https://dx.doi.org/10.21275/SR251127153517