Abstract
Global economic trends have shown the progression of social inequalities and environmental deterioration in the grey economy. New economic practices and policies need to be developed in order to achieve the sustainable development goals (SDGs). A green economy (GE) has a correlative role with the implementation of sustainable development (SD), which could revive the grey economy, human well-being, and social equity, as well as substantially decrease environmental risks and ecological scarcities. This study aims to develop a hybrid methodological and mathematical approach to prioritize the most effective variables from classified GE and SDGs criteria (23 criteria) to implement SD. This study has deliberated over the Decision making trial and evaluation laboratory (DEMATEL) technique for considering interconnections among numerous criteria to collect the most effective variables (12 criteria) based on three pillars (3Ps) of SD. Likewise, the analytic network process (ANP) technique ranked these effective variables by considering their network relations based on three indicators. Lastly, integration was used to finalize and prioritize the most effective variables based on their weight from the ANP technique. This study will highlight the green economy with exclusive environmental issues and sustainable growth as the greatest effective variables among GE and SDGs criteria for SD implementation.
Highlights
Various indications have demonstrated that the current rate of global economic growth is not sustainable [1]
The average of the four-point Likert scale questions finalized the initial information (Table 4) in Decision making trial and evaluation laboratory (DEMATEL) method to identify the interrelations among GI criteria
Sustainable development could afford a comprehensive strategy of performance, and measurable improvement for social inclusion, environmental sustainability, and economic development
Summary
Various indications have demonstrated that the current rate of global economic growth is not sustainable [1] This economic growth has brought around one billion people out of extreme poverty during the last two decades, approximately another billion are still experiencing hardship. Around 1.1 billion of the population are deprived of electricity and 2.5 billion are without access to sanitation [2] Failure to meet these basic human needs can be a threat to the environment. The economic growth is affecting the environment because it is the main source of economy. This situation has led to environmental degradation and climate change, which are affecting everyone in the world [3]. It is vital to overcome these obstacles, a necessity that has led to the birth of the sustainable movement and inclusive economic growth
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