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Businesses Created for a Green Economy

Author

Listed:
  • Oana-Mihaela Vestale (Amăriucăi)

    (Student University “Petre Andrei†of Iaşi)

  • Alexandru Trifu

    (Professor Ph.D., †Petre Andrei†University of Iasi, Romania)

Abstract

We are entering an unprecedented phase of innovation. The green growth opportunities are at the forefront and occur at a rapid pace. We work with climate-focused innovators, from pre-funded start-ups and unicorns to entrepreneurial operators. In order to implement the policies associated with the green economy and the sustainable development (Stiglitz, 2010), it is necessary to have, first of all, a joint effort of all countries, campaigns to raise the awareness of the importance of this phenomenon, as well as to provide timely and applicable solutions. The green economy involves using natural resources, energy and new technologies alongside clean production methods in order to foster economic growth and create new jobs. This concept calls for the creation of new sustainable consumption and production models that do not push the ecosystem to its limits. It is clear that the transition to a green and circular economy will benefit some groups and sectors and put pressure on others. The policy makers will need to be fair toward all parties and provide support measures to facilitate and guide the necessary socio-economic transition.

Suggested Citation

  • Oana-Mihaela Vestale (Amăriucăi) & Alexandru Trifu, 2022. "Businesses Created for a Green Economy," Anuarul Universitatii „Petre Andrei” din Iasi / Year-Book „Petre Andrei” University from Iasi, Fascicula: Drept, Stiinte Economice, Stiinte Politice / Fascicle: Law, Economic Sciences, Political Scien, Editura Lumen, Department of Economics, vol. 30, pages 301-318, December.
  • Handle: RePEc:lum:rev11d:v:30:y:2022:i::p:301-318
    DOI: https://doi.org/10.18662/upalaw/109
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    More about this item

    Keywords

    Circular economy; sustainable development; green products/services; high quality;
    All these keywords.

    JEL classification:

    • K1 - Law and Economics - - Basic Areas of Law
    • K2 - Law and Economics - - Regulation and Business Law
    • K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior

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