Description
Navigate the complex intersection of green finance, circular economics, and technological innovation with this definitive guide to the interdisciplinary solutions currently reshaping the global landscape.
In recent years, the global push toward sustainability has transformed finance, economics, and technology from siloed disciplines into interconnected drivers of environmental and social progress. Governments, investors, and businesses are increasingly aligning their strategies with the United Nations Sustainable Development Goals, leading to rapid growth in areas such as green finance, sustainable economic policy, and climate-conscious technological innovation. Industry and academia alike are embracing tools like ESG reporting, circular economy models, digital automation, and AI-driven analytics to address pressing global challenges, ranging from poverty and pollution to energy access and inclusive growth. The intersection of these fields is where the most impactful solutions are emerging, making interdisciplinary research and cross-sector collaboration more important than ever. This book showcases current developments, future trends, and practical approaches at the nexus of sustainability, finance, economics, and technology. It presents a comprehensive, interdisciplinary exploration of how sustainable development is reshaping the global landscape across key sectors. Bringing together contributions from scholars and practitioners around the world, this edited volume bridges theory and practice to address urgent challenges and emerging opportunities in green finance, circular economy, responsible investment, and technological innovation.
Readers will find the volume:
- Integrates finance, economics, and technology to offer a holistic approach to sustainability challenges and solutions;
- Features real-world case studies and research from diverse regions, including India, Iraq, Europe, the Caribbean, and Azerbaijan;
- Chapters directly address sustainable development goals, particularly those focused on poverty alleviation, clean energy, and responsible consumption;
- Includes cutting-edge research techniques like bibliometric analysis, machine learning models, and systems theory;
- Explores emerging topics such as green finance, circular economy, digital transformation, and central bank digital currencies.
Audience
Academics, researchers, financial industry professionals, policymakers, and corporate strategists in the fields of economics, environmental studies, and technology.
Table of Contents
Foreword xix
Preface xix
Part 1: Foundations of Sustainability 1
1 Introduction to the Concept of Sustainability and Its Relevance to Finance, Economics, and Technology 3
Radka MacGregor Pelikánová
1.1 Introduction 4
1.2 Theoretical Foundation and Literature Review 6
1.3 Methodology 10
1.4 Roots, Evolution, and Present of the Concept of Sustainability 11
1.5 The Relevance of the Concept of Sustainability 19
1.6 Conclusion 26
2 Harnessing Tourism Corporate Social Responsibility to Combat Rural Poverty in Iraq Aligned with SDG1 37
Paiman Ahmad
2.1 Introduction 38
2.2 Review of Literature 40
2.3 Research Methodology 44
2.4 The Impact of Tourism Development on Poverty Reduction 44
2.5 The Role of Tourism Corporations in Committing to CSR for Alleviating Poverty 46
2.6 Practical Implications 47
2.7 Conclusions 48
3 Investigating the Horizon of Green Finance Research: A Bibliometric Approach 55
Bhawna and Renuka Sharma
3.1 Overview 56
3.2 Theoretical Grounding 58
3.3 Materials and Methods 59
3.4 Findings 61
3.5 Limitations and Future Research Recommendations 74
3.6 Conclusion 75
3.7 Implications of the Study 75
4 The Paradigm of Sustainable Finance – An Indian Overview 81
Neha Verma
4.1 Introduction 82
4.2 How is Traditional Finance Different from Sustainable Finance? 84
4.3 Why is Sustainable Finance Becoming Increasingly Important? 84
4.4 The Scenario of Sustainable Finance in India 87
4.5 The Factors Impeding the Growth of Sustainable Finance in India 90
4.6 How Can India Improve Its Growth in Sustainable Finance? 92
4.7 The Bottomline 96
Part 2: Finance for a Sustainable Future 101
5 Case Studies of Green Bonds, Renewable Energy Financing, and Innovative Funding Models for Sustainable Projects 103
Narayanage Jayantha Dewasiri and Mohamed Ismail Mohamed Riyath
5.1 Introduction 104
5.2 Methodology 105
5.3 Findings and Discussion 107
5.4 Implications for Policy and Practice 118
6 Discussion on the Role of Financial Institutions in Driving Sustainable Initiatives and Supporting Environmentally Responsible Businesses 125
Mohamed Ismail Mohamed Riyath, Narayanage Jayantha Dewasiri and Mohamed Alkashami
6.1 Introduction 126
6.2 Methodology 128
6.3 Findings and Discussion 131
6.4 Thematic Analysis 142
6.5 Direction for Future Research 149
6.6 Conclusion 154
7 Investors' Emotional Intelligence, Personality Traits, and Risk Tolerance: A Measure of Investment Decisions 161
Saloni Raheja and Amanjot Singh Syan
7.1 Introduction 162
7.2 Review of Literature 162
7.3 Objective of the Study 167
7.4 Research Methodology 167
7.5 Data Analysis and Interpretation 168
7.6 Findings and Suggestions 181
7.7 Conclusion 183
8 Systems Theory of Financial Inclusion 189
Peterson K. Ozili
8.1 Introduction 189
8.2 Overview of Financial Inclusion 191
8.3 Systems Theory of Financial Inclusion 191
8.4 Conceptual Understanding of the Theory 193
8.5 The Sub-Systems Enabling Financial Inclusion 195
8.6 How the Sub-Systems Benefit from Financial Inclusion 200
8.7 Conclusion 202
Part 3: Economics and the Circular Economy 207
9 Unveiling Dynamics in Circular Economy Research: A Systematic and Bibliometric Analysis 209
Hiranya Dissanayake and Leena B. Dam
9.1 Purpose of the Study 210
9.2 Need for the Study 210
9.3 Methodology 211
9.4 Results 213
9.5 Conclusion 237
9.6 Practical Implications 238
10 Sustainable Consumption Patterns, Eco-Friendly Production Methods, and Sustainability of Textile and Apparel Supply Chains 243
Amita Venkatesh and Kusuma G.
10.1 Introduction 244
10.2 Research Methodology 245
10.3 Results and Discussion 247
10.4 Systematic Review Using TCCM Framework 255
10.5 Nomological Model Based on SOR Framework 264
10.6 Implications of the Study 266xii Contents
10.7 Future Research Avenues 267
10.8 Conclusions 268
11 Does the Circular Economy Drive Sustainable Economic Growth? Evidence from the European Countries (NMS 11) 275
Mehmed Ganic
11.1 Introduction 276
11.2 Literature Review 277
11.3 Methodology and Data 279
11.4 Empirical Results 281
11.5 Conclusion 287
12 Analysis of Economic Policies and Regulations Incentivizing Green Practices and Discouraging Harmful Environmental Impact 293
Manju Dahiya, Anmol Gupta and Ritu Singh
12.1 Introduction 294
12.2 Evolution of International Climate Agreements 295
12.3 Economic Policies and Regulation 297
12.4 Other Environmental Tools 308
12.5 Circular Economy 309
12.6 Impact Assessment of Environmental Policies 310
12.6 Conclusion 315
13 The Impact of Public Expenditures on Economic Growth: A Theoretical Analysis and Development Perspectives 325
Lekë Pula and Vlora Prenaj
13.1 The Role of Public Spending in Economic Development and Market Stability 326Contents xiii
13.2 Historical Perspective on Public Expenditure Development 327
13.3 Economic Systems and Their Role in Market Functioning 330
13.4 The Armey Curve 332
13.5 The Role of Public Expenditures in Poverty Reduction: A Theoretical Perspective 335
13.6 Literature Review on Empirical Analyses 337
13.7 Conclusions 343
14 Exploration of Future Trends and Potential Disruptions in the Fields of Finance, Economics, and Technology That Could Further Advance Global Green Practices 349
Anand Bharathi S., Vinoth Kumar S., S. Rajamohan, D. Unika and Prince Jason A.
14.1 Introduction 350
14.2 Background and Literature Review 351
14.3 Methodology 354
14.4 Analysis and Findings 354
14.5 Discussion: Implications for Policymakers, Industries, and Researchers 379
14.6 Limitations, Challenges, and Future Directions 382
14.7 Conclusions and Recommendations 382
Part 4: Technological Innovations for Sustainability 391
15 A Comparative Analysis of Machine Learning and Traditional Time Series Forecasting Models to Predict Solar Energy Power 393
Adriana AnaMaria Davidescu, Eduard Mihai Manta and Diana Popa
16 Acceleration SDGs: The Global Goals with Hyperautomation 423
Adriana AnaMaria Davidescu, Eduard Mihai Manta and Marina Diana Agafiței
16.1 Introduction 424
16.2 Literature Review 425
16.3 A Summary of the Key Studies in the Research Area 427
16.4 Data and Methodology 427
16.5 Descriptive Analysis and Results 432
16.6 Conclusions 451
17 Determinants of the Development of Enterprise Personnel Management Systems: Use of Digital Tools 457
George Abuselidze, Anna Slobodianyk, Liudmyla Parii, Lina Melnichuk, Mykhailo Lishchynskyi and Anna Soroka
17.1 Introduction 458
17.2 Methodological Foundations 459
17.3 Results and Discussion 460
17.4 Conclusions 473
18 Evaluating the Effects of Technological Innovation Spending on Productivity Growth in Azerbaijan's Manufacturing Industry 477
Aliagha Gasimov, Vekil Ibrahimov, Kiran Sood, Nargiz Hajiyeva and Natavan Baymmamadli
18.1 Introduction 478
18.2 Review of Literature 479
18.3 Material and Methods 483
18.4 Discussions and Conclusion 486
Part 5: Synergy and Future Prospects 499
19 Exploring the Economic Landscape Post-CBDC in Caribbean Nations 501
Hajra Arshi and Hem Shweta Rathore
19.1 Introduction 502
19.2 Literature Review 503
19.3 Objectives of Study 509
19.4 Research Methodology 509
19.5 Data Analysis and Interpretation 511
19.6 Interpretation of Results 517
19.7 Suggestions for Future Research 520
19.8 Implications of Study 520
19.9 Conclusion 521
Part 6: Forging a Sustainable Path Forward 527
20 Emphasis on the Vital Role of Individuals, Businesses, Policymakers, and Innovators in Driving Positive Change 529
Elwira Gross-Go?acka
20.1 Introduction 530
20.2 Theoretical Review 530
20.3 The Importance of Collaboration among Various Actors 531
20.4 Synergistic Collaboration 543
20.5 Conclusion 544
References 547
Index 553
