Concept Of Green Economy Research Articles

Correlation of Sales, Business Climate Change Through Economic The Correlation of SME Sales, Business Climate Change Impact, and Economic Growth in Sustainable Green Economy Implementation

East Java actively promotes the concept of green economy as an integral part of its efforts to sustain national development. This concept emphasizes not only job creation, economic growth, and environmental preservation but also serves as a foundation for advancing the province further. The implementation of green economy is expected to manage natural resources sustainably while strengthening existing economic sectors. This study aims to examine the direct impacts of green economy practices on key aspects in East Java, including overall economic growth, climate change, SME sales, and their contribution to sustainable development. With a focus on over one million SMEs in the province, the study employs quantitative survey methods to gather comprehensive data. The Economic Base Theory serves as the theoretical framework, highlighting that regional economic growth is driven by external demand for local goods and services. The research aims to provide valuable insights for policymakers and economic practitioners in developing effective and sustainable green economy strategies at the regional level. It also aims to contribute positively to global efforts addressing climate change challenges and environmental conservation.

Pelatihan Penggunaan Aplikasi Pengelolaan Bank Sampah Dan Laporan Keuangan Berbasis Website Pada Bank Sampah Melati Bersih, Bojonggede, Bogor

Clean Melati Waste Bank (BSMB) Atsiri Permai is an institution driving community empowerment in terms of effective waste management as an application of the green economy concept which will provide great benefits for the community's economy and environmental sustainability. BSMB Atsiri Permai activities have been running since 2013 with the motto Clean and Smile Movement starting from 3 R (Reduce, Reuse, Recycle) which is an inorganic waste management technique starting from providing information about how to sort inorganic waste and collect used cooking oil. The aim of this PKM Program is to apply digital technology to the management of BSMB Atsiri Permai RW. 12 to improve BSMB activity services for its customers in obtaining the necessary information anytime and anywhere as well as making it easier to create website-based financial reports. The method used is by providing counseling, training and assistance regarding the use of waste bank management applications and website-based financial reports on BSMB and evaluation by providing questionnaires with indicators of website usability, ease of recording and accessing data, types of information and reports on the Waste Bank website Atsiri Permai. The results of the PkM show that the website-based Waste Bank Application Training is very beneficial for BSMB Atsiri Permai, such as providing activity information that can be accessed at any time and can be widely reached as well as making it easier to record, manage the Waste Bank, report to customers and prepare financial reports to increase transparency. and accountability in fund management. Technology and to minimize recording errors. There has been an increase in understanding and skills in using waste bank management applications and preparing financial reports by 90%.

КОНЦЕПЦІЯ НИЗЬКОВУГЛЕЦЕВОЇ ЕКОНОМІКИ: МІСЦЕ В СИСТЕМІ СУЧАСНИХ ЕКОЛОГООРІЄНТОВАНИХ СУСПІЛЬНИХ КОНЦЕПЦІЙ

Introduction. The concept of a low-carbon economy is designed to solve the problem of climate change by transforming the socio-ecological-economic system based on the principles of zero greenhouse gas emissions. However, this issue is also addressed in most other environmentally oriented social concepts. The purpose of the article. The purpose of this article is to determine the place of the low-carbon economy within the system of modern environmentally oriented concepts of social development. Methods. The research was conducted by using general scientific and general economic methods. In particular, the most common methods were abstraction, generalization, comparison, induction, deduction, monographic method, axiomatic method, methods of retrospective and systematic analysis. Results. To achieve this goal, the author analyzed the most popular of environmentally oriented social concepts: the concept of sustainable development, the green economy concept, the blue economy concept, the concept of the blue (ocean) economy, and the circular economy concept. Additionally, a schematic model was constructed to illustrate the position of the low-carbon economy within the system of environmentally oriented concepts of social development. The study provides a retrospective analysis of the inception and evolutionary development of each of the researched concepts. Their guiding ideas, main principles, goals, and tasks were identified. Furthermore, the article differentiates between complementary and interchangeable concepts and shows the horizontal and vertical connections among the reviewed concepts. It was established that the issue of global warming is considered in each of the analyzed concepts. Moreover, the relationship between the analyzed concepts and the low-carbon economy concept was examined. Conclusions. Based on the results of the research, it can be concluded that the low-carbon economy concept consolidates measures and mechanisms to address the important and urgent problem of climate change. Within the system of environmentally-oriented social concepts, the investigated concept occupies the place of a specialized concept focused on reducing greenhouse gas emissions and combating climate change to achieve green growth and sustainable development. It is closely related to several other concepts through the common goal of finding ways to combat climate change. Consequently, the ideas of a low-carbon economy have become widespread in the concepts of sustainable development, the green economy, the blue economy, the blue (ocean) economy, and the circular economy.

The Green Economy in the Energy Transformation Process—Comparative Analysis of the European Union Member States

The article mainly examines spatial diversification of the green economy in EU countries in 2014 and 2021 in the context of the energy transformation process. In the theoretical part of the work, the green economy concept, with reference to the conditions of the green energy, was analyzed. The research procedure used in the article is based on multidimensional comparative analysis. The empirical verification was conducted using green economy indicators that are published periodically by the OECD and Eurostat. Based on 21 indicators, a synthetic green economy index was designed for 27 EU member states. In the selected set of detailed indicators, those related to green energy economy played an important role. This approach allowed for the creation of rankings and comparisons between EU countries in 2014 and 2021, i.e., the implementation period of the Europe 2020 Strategy. In this period, the priority areas of EU development were: the low-carbon economy, including the use of renewable energy sources and improvement of energy efficiency, as well as the introduction of eco-innovation. Green energy should be the basis for the functioning of highly developed countries and socio-economic progress in the case of developing countries. Based on the analysis, a large discrepancy in terms of green economy was observed in the examined countries. Particular attention was paid to disproportions in the area of green energy. The average value of the synthetic measure of the green economy in the EU countries increased in the studied years from 0.4488 to 0.4529, which can be interpreted as a slight acceleration in the greening processes. The added value of the research presented in the paper and its novelty is the analysis of the current patterns of green transformation in EU member states, with particular emphasis on energy factors.

Green Economy from a Regional Perspective – a Polish Case Study

The article presents the elaboration and specification of the green economy concept, where resource scarcity, global climate change and environmental degradation are paving a new path towards sustainable development. The article addresses the issue of implementing the principles of green economy at the regional level. The implementation of a green economy at a regional level provides an excellent space for scientific deliberations. The aim of the research is to identify and assess the level of regional disparities in green economy development across Polish regions using a synthetic measure. The basis for the analysis was a set of substantively and statistically analyzed diagnostic variables from the years 2012-2022. The synthetic indicator of the green economy was calculated for every Polish region (NUTS 2) and the regions were ranked based on their score from highest to lowest. As a result of the analysis, the regional polarization and the ordering of regions in Poland in terms of the synthetic metric - green economy development - were discussed. Keywords: green economy, green growth, sustainable development, taxonomic methods.

Analisis Islamic Green Economy dalam Penanganan Limbah PKS dengan Pendekatan Pentahelix

Handling efforts by reusing palm oil industry waste in accordance with the green economy concept are considered capable of minimizing the negative effects of industrial activities. The aim of this research is to explore green economy opportunities in overcoming the negative impacts of the industry. Data collected through field observations, interviews and questionnaires, was tested using EFAS and IFAS techniques and then formulated using the SOAR matrix. The results of analysis found that the S-A strategy in green industrial activities uses power to achieve aspirations so that companies can use it as an excuse to continue implementing and developing sustainable concepts. With efforts to reuse waste and with assistance and monitoring of the five elements of the pentahelix in efforts to handle waste, it is found that the negative influence of palm oil industry activities can be minimized.

Analysis of the Role of Garbage Bank in Improving the Community Economy in Medan Belawan District

Waste is a serious problem in Indonesia, including in Medan Belawan Regency. The Waste Bank Program is presented as a solution for waste management and community economic empowerment. This study aims to determine the role of the Waste Bank in community income. The research method used is descriptive statistics presented in the form of frequency distribution tables, histograms, steam and leaf (stem and leaf diagrams) or box plots (box line diagrams). Data collection was carried out through interviews, questionnaires and observations. The data analysis technique used is statistical analysis. The Waste Bank Program in Medan Belawan Regency has provided economic, social and environmental benefits. Economic benefits include increasing community income, creating jobs, and saving waste transportation costs. Social benefits include increasing public awareness of the importance of good waste management, and increasing public concern for the environment. Environmental benefits include reducing rubber production, reducing environmental pollution, and preserving natural resources. The Waste Bank Program in Medan Belawan Regency is one example of the application of an effective and sustainable green economy concept. This program can be a model for other waste management programs in Indonesia.

The Relationship among Environmental, Social and Governance (ESG) Factors

As the global economy slows down, enterprise development enters a new stage. In addition to scale expansion, more emphasis is placed on external factors that focus on sustainable development, such as environmental, social and governance (ESG). ESG represents the concept of green economy, emphasizing that enterprises should not develop at the cost of the environment, but should take the initiative to fulfill social responsibilities and protect the rights and interests of stakeholders. In this paper, the comprehensive impact of ESG dimensions on corporate governance is deeply studied. Through the systematic review and analysis of several domestic and international literatures, this paper reveals the key role of strong governance structures in promoting the development and implementation of corporate environmental policies, as well as their central position in enhancing social responsibility and corporate social image. Research shows that good governance can not only improve a company's environmental performance, but also further enhance its financial performance and market competitiveness by improving social interaction and meeting stakeholder needs. This paper emphasizes that the optimization of governance structure is an important strategy for enterprises to achieve sustainable development and increase shareholder

Creative Economic Development With Local Knowledge Based on Green Economics From A Sharia Economic Perspective

This study aims to better understand the existence of the creative economy as a strategy predicted to be able to trigger competitiveness both on a national and international scale in order to face the modern market. Until now, unemployment, poverty, exploitation of nature on a large scale which ultimately causes inequality both in terms of social and growth The economy is still a classic problem that requires a solution. The green economy and the application of Sharia Economics through Maqashid Syariah have synergy in sustainable development. Humans, nature and creatures on earth are a unity that must be preserved for future generations. This research aims to describe the concept of synergy between the green economy concept and the Sharia Economic concept in Indonesia in order to realize sustainable development. Therefore, it is necessary to Harmony in getting this solution, one of which is economic harmonization and local wisdom which of course can trigger economic competitiveness, ultimately increasing productivity improve the standard of living of the community while maintaining existing culture and customs distinctive character viewed from an Islamic economic perspective.. This research is a qualitative descriptive research with literature study methods and content analysis. The results showed that the concept of green economy is in line with the concept of Sharia Economy. The role of Sharia Economy in Indonesia in the perspective of the Green Economy, including: Social Principles and Ethics of Islamic Business, Principles of Environmental Preservation and Reducing Social Problems, Principles of Sustainable Development, and Falah Principles which include the maintenance of religion, the maintenance of souls, the maintenance of reason, the maintenance of offspring, and the maintenance of property

UMKM berbasis ekonomi hijau syariah: Menuju pembangunan berkelanjutan dengan dukungan lembaga filantropi Islam

The concept of a Sharia green economy emerges as an innovative approach that integrates Islamic economic principles with green economy concepts. In the Indonesian context, where Micro, Small, and Medium Enterprises (MSMEs) play a vital role in the national economy, exploring the potential implementation of a Sharia green economy in this sector becomes highly relevant. However, there remains a gap in understanding how these principles can be operationalized in Micro, Small, and Medium Enterprises (MSME) business practices. This research aims to explore the relevance and potential implementation of the Sharia green economy in developing MSME productivity in Indonesia, specifically focusing on the strategic role of philanthropic institutions in supporting this transition. This study employs a descriptive method with a literature review approach. The analysis will be conducted on various literature sources such as journal articles, books, research reports, and policy documents relevant to the Sharia green economy, MSMEs, and Islamic philanthropy. This approach will allow for a comprehensive synthesis of existing knowledge and identification of gaps in the literature. Expected results: The research is expected to produce a conceptual framework illustrating how Sharia green economy principles can be operationalized in the MSME context, as well as a theoretical model of the strategic role of philanthropic institutions in supporting this transition. The research findings are also expected to provide directions for future empirical research and policy recommendations for creating an ecosystem that promotes the development of sharia green economy-based MSMEs in Indonesia.

Integrating Green Economy Concepts to Support the Achievement of SDGs Tenganan Dauh Tukad Village, Manggis District, Karangasem Regency

The implementation of the Green Economy in MSMEs in Karangasem, Bali, highlights dedication to sustainable development and environmental preservation. Many MSMEs in the region adhere to environmentally friendly practices, such as the use of sustainable materials and technology. In the tourism sector, for example, the business world focuses on environmentally friendly tourism with effective waste management and the use of renewable energy. Likewise, agricultural MSMEs are turning to organic methods to minimize the use of harmful chemicals. Government training and mentoring programs support these environmentally friendly practices. In Tenganan Village, the Ata craftsmen group exemplifies this approach. Known for their expertise with the roots of the Ata plant, the artisans uphold traditional methods while adapting to modern trends. Although the production process is environmentally friendly, the Ata tree trunks used as raw materials cannot be cultivated, and greater awareness of Green Economy principles is needed among partners.The service team is committed to educating these craftsmen about Green Economy practices to increase productivity and economic sustainability. In addition, although craftsmen currently use simple ledgers for financial recording, they lack detailed cost accounting for raw materials and operations. Introducing financial reporting that is aligned with Green Economy principles will improve accountability and financial management. With the existence of 15 independent Ata craft groups in Tenganan Village, the establishment of an integrated supervisory body can further support the integration of Green Economy practices and overall business efficiency.

Towards achieving status of green economy in OECD countries: Articulating the role of nuclear energy, greenfield investment and environmental taxation

In today's era, the green economy has become the central focus worldwide, along with the clean energy transition. Unfortunately, the current economic development model flourishes at the expense of the natural environment and ecosystems. Thereby, the concept of green economy gets immense attention among scholars and policy analyst. Most countries are dependent on energy import due to limited and unsustainable natural resource use. In this context, environmental taxation can play a key role in restricting the unsustainable use of natural resources, and nuclear energy can reduce energy import dependency, helping to shift from conventional growth to green economic growth. In this context, this study is an attempt to explore the relationship between nuclear energy, environmental taxation, greenfield investment, and the green economy in a panel of 16 Organization for Economic Co-operation and Development (OECD) economies from 2000 to 2019. To get empirical estimate the study relies on Method of Moment Quantile Regression (MM-QR) approach. Interestingly, this study found that nuclear energy development discourages green economic growth across all quantiles in OECD countries. Furthermore, the study found that environmental taxation helps OECD countries achieve green economy status. Greenfield investments are another factor promotes the green economy. Climate policy measures are suggested in line with increasing share of nuclear energy in energy mix through greenfield investment in energy sector.

GREEN WARRIOR: Empowering Women’s Economic Innovation Program Based on Green Sociopreneur through Mission-Based Learning Method for Economically Vulnerable Women (PRSE) in West Java

Economically Vulnerable Women (PRSE) are one of the vulnerable groups affected by poverty. Thus, the strategy to accelerate poverty alleviation is not merely a matter of capital and technical skills, but also about how to instill the feeling of being able to overcome life's challenges with dignity and empowerment. The purpose of this program was to enhance innovation and productivity of Economically Vulnerable Women to become Sociopreneurs capable of establishing businesses based on the concept of Green Economy. The research location is in Cibunut Village, Sumur Sub District, Bandung City. The method involved qualitatively describing the condition of Economically Vulnerable Women and outlining the concept of Green Warrior innovation. Data collection was carried out through interviews, observations, and literature studies. Green Warrior was an innovative program designed in the form of solving a mission or challenge that involved knowledge, values, and social entrepreneurial skills. Its implementation consisted of five missions: Warrior Motivation Class, Warrior Coaching Class, Warrior Creative Class, Warrior Selling Class, and The Masterpiece of Warrior to strengthen the entrepreneurial spirit of Economically Vulnerable Women using the Mission-Based Learning method. Thus, with the presence of the Green Warrior innovation, it was hoped to drive poverty alleviation through sustainable economic growth and inclusive human development by developing human resource capacity in line with economic transformation, through skills enhancement and mentoring for vulnerable workers to become more productive, creative, and innovative, as well as being able to network as part of the supply chain to support the vision of 2045 Golden Indonesia.

A road toward green growth: Optimizing the role of mineral resources, fintech innovation and effective governance in G-20 economies

The concept of green economy is introduced in last few decades where it is viewed as a framework that brings justice in the form of less environmental risks and improved social welfare. Thus, green growth is now considered an effective economic strategy all across the world. On the other hand, industrial revolution also enlightens the role of financial sector which is viewed as a significant suitor of growth-driven society. However, conflicting environmentally-friendly project by financial means shove innumerable concerns that either financial market products/services comfort environment and nature. In addition to this, mineral resource abundance is also considered a positive sign for nation but compromised environment and nature makes it critical. Considering the scenario, the study makes an attempt to explore the association among fintech innovation, mineral resource utilization on green growth in the present of effective governance. The present study uses dataset spanning over a period of several years from 2004 to 2021 and concentrates on a balanced panel of G20 countries. Results obtained by FMOLS and DOLS exposed that natural resource utilization is not helpful in promoting green growth due to negative association. Results also proclaim that fintech is proved to be an effective strategy to promote green growth. Surprisingly, effective governance makes no effect on green growth. Hence, open avenues for researchers to explore the area further with other methods. Study implications enforce the idea that Fintech innovation not only reduces financial costs but also improves related services. Moreover, it also implies that there is a profound need of creating synergy during Fintech service development as it will help in the expansion of green investment and reduction of environmental risks, means, promising green growth.

Implementation Of A Waste Bank Management Program In The South Tangerang City Area (Study In Benda Baru Subdistrict)

This research aims to analyze the implementation of the waste bank management program and the waste bank management model in Benda Baru Subdistrict, South Tangerang City. This research uses a qualitative approach, data collection techniques using observations, in-depth interviews, Focus Group Discussions (FGD) and documentation. The sampling technique used in this research was purposive sampling. The informants consisted of 5 groups of informants, namely the Environmental Service, Village Employees, Waste Bank Managers, Environmental Monitoring Institutions and the Community of Banda Baru Village, South Tangerang City. This research uses the Miles and Huberman Model Qualitative Data Analysis Technique where the implementation of the waste bank management program uses policy implementation theory from George C. Edwards III, namely four variables in public policy, namely Communication, Resources, attitudes (dispositions or attitudes) and bureaucratic structure and Van Horn Theory. The latest in this research is the collaboration between the use of information technology and public policy regarding waste bank management. Waste bank management model to implement a waste bank management program by including information technology elements in the information flow, sorting/sorting flow, bookkeeping flow and customer deposit distribution flow at the waste bank. Meanwhile, the model for implementing the waste bank management program in the flow of collecting or purchasing waste from local government waste banks requires establishing a Regional Owned Enterprise or regional company that specifically handles waste produced from waste banks. This has a massive impact on the green economy concept to improve community welfare.

GREEN ECONOMY WITH ECONOMIC GROWTH AND PER CAPITA INCOME IN VIETNAM

Objective: The objective of this study is to investigate the green economy with economic growth and per capita income in Vietnam, to analyze the quantitative relationship among those factors, and to improve long-term green economic development in Vietnam towards sustainable national economic growth. Theoretical Framework: In this topic, the main concepts and theories that underpin the research are presented. The inverted U-shaped model of Kuznets; Green economy concept and regression model stand out, providing a solid basis for understanding the context of the investigation. Method: The methodology adopted for this research comprises desk research methods to clarify the theoretical basis of green economy, economic growth, and per capita income; qualitative research methods; and quantitative research methods. Data collection was carried out through the collection of time-series data: Real Gross Domestic Product (GDP), Gross Domestic Product per capita (GDPP), and CO2 emissions from 1995 to 2022 from the World Bank website. Results and Discussion: The results obtained revealed the positive relationship between economic growth, CO2 emissions, and per capita income in the short term; however, in the long term, when GDP as well as per capita income reach a certain threshold. The level of waste gradually decreases and environmental quality improves. In the discussion section, these results are contextualized in light of the theoretical framework, highlighting the implications and relationships identified. Possible discrepancies and limitations of the study are also considered in this section. Research Implications: The practical and theoretical implications of this research are discussed, providing insights into how the results can be applied or influence practices in the field of development economics. These implications could encompass many sectors, especially the processing industry. Originality/Value: This study contributes to the literature by Simon Kuznets - economic growth is not a threat, but rather a means to improve the environment in the future. The relevance and value of this research are evidenced by contributing one more case in Vietnam which approves Kuznets curve on the environment and thus is the basis for future research on this urgent problem all over the world.

Fiqh al-Bī'ah and the Concept of Green and Blue Economy for Achieving Sustainable Development in the Context of SDGs

This study aims to explore existing literature on Fiqh al-Bī’ah's role in the Green and Blue Economy concepts to achieve Sustainable Development, specifically examining implementation, principles, roles, and objectives aligned with Maqāṣid al-Sharī‘ah. The literature review identified two primary themes: first, the SDGs' foundational principles within the green and blue economy frameworks, and second, Fiqh al-Bī’ah's viewpoint on these economic models. The findings demonstrate the enactment of green and blue economies through SDGs Principles, incorporating people as principal agents in upholding and executing the green and blue economy to realize SDGs across multiple facets, including environmental, social, economic, and legal governance; Planet, which entails diverse measures to safeguard the earth from degradation in terrestrial, marine, and aerial realms; Prosperity, highlighting efforts towards achieving prosperity through economic, social, and technological initiatives; Peace, emphasizing endeavors towards establishing peace, justice, and an inclusive society free from fear and violence, alongside securing environmental safety; and Partnership, involving collaborative efforts in global development with both government and non-government entities to maintain and conserve the environment. Additionally, Fiqh al-Bī’ah in the Green Economy is characterized by safeguarding the body and soul, aligning worldly and afterlife goals, ensuring balanced production and consumption, preserving ecosystem equilibrium, upholding the dignity of all beings, and humans fulfilling their stewardship on earth. The Blue Economy includes Zero Waste, ecosystem protection, promoting environmental cleanliness and friendliness, resource utilization efficiency, and encouraging social inclusiveness and employment creation.

Hydrophobicity and performance analysis of beverage and agricultural waste torrefaction for high-grade bio-circular solid fuel

Torrefaction is recognized as a high-performance technology for converting raw biomass into high-grade solid biofuel. In this study, hydrophobic and ANOVA analyses were employed to investigate torrefied brewery waste, palm kernel shell, and water hyacinth residue. Herein, the torrefaction experiments were conducted at four temperatures (180, 230, 280, and 330 °C) for a residence time of 30 min. The biomass type and temperature were crucial in determining the optimum conditions for three response parameters: energy yield (EY), specific energy consumption (SEC), and hygroscopic reduction equilibrium (HRE). Hydrophobicity was assessed by measuring the contact angle (CA), and equilibrium moisture content (EMC) to represent hygroscopic behavior. The ANOVA results indicated that temperature had the most significant impact on the response parameters. Optimal torrefaction of brewery waste at 180 °C yielded an EY of 82.05 %, SEC of 81.88 kWh/kg, and HRE of 23.2 %. These findings highlight the advantages of biomass-derived torrefaction products in waste utilization, transport, and storage of biomass-derived torrefaction products. Furthermore, this study demonstrates an efficient method for enhancing the fuel quality of biomass, contributing significantly to the bio-circular green economy concept.

Socialization of The Green Economy Concept to PKK Women’s Group Community at Moncongloe, Gowa, South Sulawesi, Indonesia

Purpose ­ This community service aims to introduce the concept of green economy to the people of Moncongloe, Gowa, South Sulawesi, Indonesia. This initiative also aims to motivate PKK Women’s group to create environmentally friendly products that have an impact on increasing welfare Methods - The socialization was carried out in several sessions, the first was an introduction to the concept of a green economy, the second was a question and answer session, the third was an introduction to an environmentally friendly product that could be create by PKK women’s group. Result and discussions – PKK’s women group are better informed about green economy concept. They become highly motivated to create products that environmentally friendly product that have economic value. They also are able to make a flower from recyclying plastic. Conclusion –In conclusion, the community service achieved its objectives in increasing the PKK Women’s Group knowledge of green economy concept. Besides that this service also motivated the group to create a product environmentally friendly that has a value added. This will assist theachievement of the Sustainable Development Goal (SDG) to reduce environmental degradation.

The Green Economy as a New Approach to Development and Business

The traditional linear approach to business, once prevalent among commercial entities, has led to various adverse outcomes, notably increased environmental pollution and a decline in quality of life. Consequently, there's a growing consensus that this model is unsustainable over the long term, necessitating a shift towards new business practices that fulfill economic, social, and environmental criteria. This paper begins by defining the green economy, then delves into its core components, highlighting the developmental potential of its adoption. It concludes that humanity and the economy have reached an intersection where embracing the green economy concept is essential for sustainable future development. This necessitates a fundamental shift not only in our current mindset but also in the prevailing system of values.