INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
Vol. 1 No. 5 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)

TRANSFORMATION TOWARDS A GREEN ECONOMY: LITERATURE REVIEW AND PRACTICAL IMPLICATIONS

Loso Judijanto (IPOSS Jakarta, Indonesia)
Al-Amin (Universitas Airlangga, Surabaya, Indonesia)



Article Info

Publish Date
17 Feb 2026

Abstract

This article explores the transformation towards a green economy, by reviewing literature that presents the concept, benefits and challenges faced in its implementation. The green economy is considered a solution to achieving sustainable development by reducing negative environmental impacts, improving resource efficiency and promoting inclusive economic growth. The research highlights the importance of cross-sector collaboration, technological innovation and policy change in supporting this transition. However, barriers such as limited funding, lack of awareness, and socio-cultural resistance need to be overcome through holistic and inclusive strategies. The study concludes that with multi-stakeholder support and the adoption of innovative practices, the transformation to a green economy can be achieved, delivering significant environmental and socio-economic benefits.

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Journal Info

Abbrev

IJEFE

Publisher

Subject

Economics, Econometrics & Finance

Description

INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE) is a scientific journal that publishes articles in the field of Business and finance that contain conceptual ideas in the fields of Economics, Accounting, Management, Business and finance. The scope is Human Resource Management, Marketing ...