The Role of the "Green Economy" In Ensuring Sustainable Development

Аннотация

Over the past few years, the concept of a green economy has been recognized as a vital COPYRIGHT mechanism for achieving economic progress in both © 2025 Original content from this work may be used under the terms developed and emerging nations. This study aims to of the creative commons attributes 4.0 License. analyze the role of the green economy in Indonesia's economic expansion based on an Islamic economic perspective. The research methodology employs library analysis and content assessment. The data sources utilized in this study were gathered from previous research, articles, regulations, and reference literature pertaining to green economics, economic growth, and Islamic economics. The results denote that the green economy bears tremendous potential to support economic advancement in Indonesia under an Islamic economic lens. By applying key tenets such as the obligation to safeguard nature and the judicious utilization of resources, Indonesia can cultivate a development paradigm that is sustainable and beneficial across all societal strata. This research recommends that private and public sector entities continue endorsing and integrating green economy principles moving forward. Specifically, Islamic financial instruments can be directed toward eco-friendly investments like renewable energy, sustainable agriculture, green technologies, and environmentally- conscious infrastructure. Such participations from Islamic economics in "greening" the economy signify promising trajectories aligning ethical and sustainable finance. As the world grapples with urgent ecological crises, policy frameworks in Indonesia should incentivize collective societal and commercial transitions toward greener fiscal practices. Islamic finance with its underlying moral philosophy can potentially transform finance itself into an apparatus upholding both economic and environmental welfare. European International Journal of Multidisciplinary Research 60 https://eipublication.com/index.php/eijmrms and Management Studies European International Journal of Multidisciplinary Research and Management Studies Keywords: Green Economy; Economic Growth; Islamic based activities. Fourth, it should support sustainable Economics. levels of consumption and production. Fifth, it requires a robust, integrated, and accountable system (Chaaben et al., 2022). A green economy needs to tackle the Introduction: The detrimental impacts of negative overall issue of economies of scale by considering economic expansion on the natural environment and materials and energy. GDP can continue growing if scarce natural resources have emerged as a global production is limited to green products. The "green concern. Frequent topics of discussion related to economy" concept is valuable insofar as it spurs sustainable development include the high carbon policymakers, economists, and industry players into emissions produced by pollution, overutilization of critical discourse with other stakeholders, comparing natural resources, and social inequity (Soehardi, 2022). alternative developmental paths. Such comparisons In recent years, the concept of a "Green Economy" has should evaluate economic criteria along with social, gained traction across various forums. Some may political, cultural, and ecological sustainability metrics. assume a Green Economy is one where the economy Economic policies and practices steer sustainable itself becomes environmentally friendly. However, a growth models since they drive the key problems of Green Economy is specifically one that does not overproducing waste and overexploiting natural ecologically damage the environment (Iskandar & resources, as well as the primary determinants of Aqbar, 2019). There are three key principles: low prosperity in jobs, education, and health. Creating an emissions, inclusive society, and efficient resource use. ecologically sustainable future necessitates a collective Essentially, a Green Economy seeks to eliminate the societal pledge toward greener employment, harmful effects of economic growth on environmental production, consumption, energy, transportation, sustainability and natural resource availability. agriculture, waste management, water supply and Succinctly put, a Green Economy has low carbon sanitation, and disease prevention and healthcare. Not emissions, preserves natural resources, and promotes just one area but all are explicitly interrelated as social justice (Iskandar et al., 2021). This green dynamic socioeconomic and ecological frameworks. economy concept arises because human behaviour Authentic and innovative green economy perspectives tends to be profit-oriented compared to sustainable- and actions could form a new conceptualization of oriented. Economy by following the current situation "economy" that is essentially centered on sustainability that is demanded fast-paced. Of course, this will make and social equity (Anwar, 2022). Economic growth is a humans have the urge to use all means