Fostering a Sustainable Energy Future to Combat Climate Change: EESG Impacts of Green Economy Transitions

Abstract

The transition to a green economy for any country is crucial for the sustainability development of the economy, environment, society, and governance (EESG). A green economy is a sustainable approach to combating climate change and promoting sustainable development through the adoption of sustainable energy. This research utilizes the Delphi and fuzzy analytical hierarchy process (AHP) methodologies to assess and rank the EESG criteria and policy options for transitions to a green economy. The factors and policy choices are identified using the Delphi approach for further analysis. These factors and policy alternatives for switching to a green economy for sustainable development are determined using the fuzzy AHP technique. According to the fuzzy AHP approach, environmental, social, and economic factors are best suited for green economy transitions. The findings also show that the most crucial policy options for the switch to a green economy are research and development, carbon pricing, and renewable energy targets. The findings are useful to guide the creation of policies and the selection of options for the implementation of a green economy. Finally, the conclusion can guide actions to combat climate change and develop a sustainable energy future.