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Modeling the critical success factors of implementing net zero emission (NZE) and promoting resilience and social value creation

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  • Sindhwani, Rahul
  • Singh, Punj Lata
  • Behl, Abhishek
  • Afridi, Mohd. Shayan
  • Sammanit, Debaroti
  • Tiwari, Aviral Kumar

Abstract

An urgent need for reasonable practices has been introduced and familiarized in institutions in every sector to control the impending disaster due to climate change. Significant steps have been initiated to control the escalating emissions, climate change, and global warming. Recently, an international contract was signed in Paris targeting net zero emissions by 2050. This study was conducted to positively support the cause and assist in its progress. This study identifies some of the critical factors hindering the progress of net-zero emission (NZE)-supporting technologies and methods within firms in various sectors. For a broader understanding of these factors, they were sorted according to suitable criteria. A novel methodological approach of PF-Delphi-AHP-CoCoSo and sensitivity analysis was utilized to draw results regarding the priority of consideration for the critical factors relating to the importance of their criteria. A questionnaire was prepared, and a panel of experts was consulted for their opinions, according to which the analysis was conducted. The results show that managerial issues and a lack of professional expertise have the highest importance, meaning that these are the key fields where attention is needed to implement the NZE agenda.

Suggested Citation

  • Sindhwani, Rahul & Singh, Punj Lata & Behl, Abhishek & Afridi, Mohd. Shayan & Sammanit, Debaroti & Tiwari, Aviral Kumar, 2022. "Modeling the critical success factors of implementing net zero emission (NZE) and promoting resilience and social value creation," Technological Forecasting and Social Change, Elsevier, vol. 181(C).
    • Handle: RePEc:eee:tefoso:v:181:y:2022:i:c:s0040162522002840
    DOI: 10.1016/j.techfore.2022.121759
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