STRATEGIES FOR TRANSITIONING TO A GREEN ECONOMY FOR SMALL BUSINESSES
Keywords:
Green economy, small businesses, sustainability, circular economy, energy efficiency, renewable energy, innovative financing, policy support, environmental impact, sustainable development.Abstract
The transition to a green economy is increasingly becoming a priority for sustainable development, particularly for small businesses. This article explores effective strategies that small enterprises can adopt to align with green economic principles, reduce environmental impact, and enhance competitiveness. It examines the critical role of policy support, innovative financing mechanisms, and capacity-building initiatives in facilitating this transition. The study highlights practical approaches such as adopting energy-efficient technologies, leveraging renewable energy sources, and integrating circular economy principles into business models. Case studies and best practices from various sectors are analyzed to demonstrate the economic and ecological benefits of green transformations. By addressing challenges such as financial constraints and knowledge gaps, the article provides actionable recommendations to empower small businesses in their journey toward sustainability, fostering long-term growth and resilience in a rapidly changing global economy.
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