The Impact of Green Investment on Sustainable Development in Saudi Arabia

Abstract

The green economy has become a trend for all countries of the world to move towards what is known as a new strategy to reduce the environmental risks associated with the economy, as the green economy helps to achieve sustainable development without that development leading to a state of environmental degradation that is conscious, and the topics of renewable energy, green economy and green investment are of interest to most countries of the world, which led to an increase in global investment rates by a large percentage, which contributed to reducing carbon dioxide emissions. The study aimed to find ways and six strong concussions. To implement the green economy in Saudi Arabia by encouraging green investments and knowing their financing methods to achieve the sustainable development goals, through the implementation of many projects that suit the economic and environmental priorities of the country, the Saudi experience is the most effective experience in implementing the sustainable development strategy and green investment 2030 program. In preparing the applied part of this study, the researchers used the descriptive analytical approach for a sample consisting of (50 An individual (from the employees of the Saudi Investment Platform) and a questionnaire form was distributed to the sample under study and some explanations were provided by the researchers. The study found that there is a statistically significant relationship between green investment and economic growth and poverty reduction as one of the dimensions of sustainable development, and the possibilities, resistances and mechanisms for financing green investment are available in Saudi Arabia. The researcher has proposed several recommendations aimed at benefiting from the outputs of this study, including maximizing the use of renewable energies and alternative waste, product recycling policy, encouraging foreign direct investment, especially smart sustainable green investments.