Climate Smart Innovation Social Entrepreneurship And Sustainable Development In The Environmental Economy

This book studies smart green innovation through the prism of social entrepreneurship as a driver for sustainable development and the development of an environmental economy. It systematizes and analyzes the modern challenges of the environmental economy: climate change and environmental pollution. The tendencies and scenarios for the environmental economy are considered in the context of implementing the Sustainable Development Goals. Globalization and international trade are also considered factors in the sustainable development of the environmental economy.The book hones in on the international experience of ecological responsibility and fighting climate change through social entrepreneurship. The contribution of corporate responsibility in the fight against climate change is determined, and state regulation of corporate responsibility in the resource-based economies of developing countries is considered. The market mechanisms for stimulating the fight against climate change through social entrepreneurship in countries with developed environmental economies are also considered. The advantages of digitalization for fighting climate change through social entrepreneurship are offered.The book also reflects on the possibilities for the sustainable development of the environmental economy based on climate-smart innovation in social entrepreneurship. It presents a model of climate-smart enterprise and substantiates its advantages for corporate responsibility and sustainable development. The key climate-smart innovations in social entrepreneurship for sustainable development of the environmental economy—robots big data, AI, blockchain, and green finance—are determined. The book also develops policy recommendations to support climate-smart innovation in social entrepreneurship.

This book is devoted to strengthening the theoretical and methodological basis, systematization of international experience, and scientific elaboration of prospects for developing a climate-smart economy and business as a vector of the sustainable development of Industry 4.0 in the Decade of Action. The first part of the book focuses on climate-responsible entrepreneurship in support of the sustainable development of Industry 4.0. The part systematizes best practices for climate-smart green innovations across sectors of the digital economy. The third part reveals the experience of climate risk management based on smart green innovations in regions and countries. Particular attention is paid to the best practices of the European Union (EU) and the Eurasian Economic Union (EAEU). The book ends with part four, which explores ESG climate risk management and green finance in support of combating climate change. The book’s novelty is that it rethinks the environmental footprints of Industry 4.0 from the perspective of climate risks and their management. The theoretical significance of the book lies in the formation of an innovative concept of climate change risk management, in which the economy, society, nature, and technology are presented and interact effectively. The book is intended for scientists. In this book, they will find an innovative and systemic vision of smart green innovations in Industry 4.0 for climate change risk management.

The rapid and formative rise in research on social innovation and entrepreneurship means that theoretical frameworks are still being created, while traditional notions of economic efficiency and social welfare are tested. The field is progressing fastest in the measurement and measuring of social entrepreneurial effectiveness. Social innovators, who draw from philanthropy, as well as capital markets, for financial resources, have adopted the lean start up as a paradigm for their organization logics.

This book is concerned with the study of climate change from the perspective of risks for the economy and business. Rethinking climate change from a risk perspective allows making a significant transition from the consideration of climate as a predetermined and permanent context to its interpretation as a factor that influences the economy and business. Thanks to the new risk perspective on climate change, the book offers opportunities and offers recommendations for adapting businesses and economic sectors to climate risks. As a forward-looking response (management measure) to the risks of climate change in the economy and business, this book suggests using smart green innovations in Industry 4.0 – high technologies in support of the sustainable development goals (SDGs). The advantage of smart technologies to combat climate change is their increased flexibility and adaptability, as well as the resistance of smart (automated, robotic) machines to different environmental conditions. The academic significance of the book is attributable to the fact that it covers, as widely and comprehensively as possible, the full range of ground-breaking smart green innovations in Industry 4.0 with a potential of climate change risk management: from green finance (for example, blockchain-based cryptocurrencies) to smart and clean energy, as well as smart industrial innovations in Industry 4.0. The combination of public and corporate risk management measures of climate change allows achieving a “synergetic effect” in the form of enhanced support for the implementation of the SDGs.

With current environmental, social and financial challenges facing society and the economy, there has been a rapid growth in interest in the role of social and sustainable enterprise. This volume seeks to draw together contemporary entrepreneurial research which addresses social and environmental issues.

This volume examines the relationships among social ecology, innovation, sustainable development and economic growth. The Quintuple Helix innovation model focuses on the interactions among five key elements of society: academia, industry, government, culture, and the environment--with particular respect to harnessing knowledge to promote social, political, and economic development. The Quintuple Helix is a powerful theoretical and practical lens for analyzing and understanding such critical and complex ecological and socioeconomic issues as global warming and climate change and their implications for sustainability. The authors provide policy approaches and strategies to help create a balance among the often competing forces of environmental protection, innovation, entrepreneurship, and social and economic growth that will successfully benefit society and protect democratic values.

In the face of limited progress toward meeting Millennium Development Goals or addressing climate change and resource degradation, increasing attention turns to harnessing the entrepreneurial, innovative, managerial and financial capacities of business for improved social and environmental outcomes. A more proactive role for business in sustainable development is especially pertinent in sub-Saharan Africa, which has been plagued by conflict and poverty but shows signs of a brighter future as the world’s second-fastest-growing region. The book considers how the socio-economic context influences the objectives of social innovation and even our definition of what we mean by social innovation. Secondly, the book aims to show how social innovation initiatives emerge and fare in context of the limited ability of many African countries to provide public goods and services.

This volume discusses the seminal interface between social entrepreneurship and sustainable development along with their inter-linkages. It traces the role of social entrepreneurship and innovations in societal transformation in creating sustainable societies, especially in developing nations. It explores how social entrepreneurship and enterprise is integral to the promise of fostering opportunities for socially disadvantaged groups (including the poor, women, and young people), as well as in addressing environmental and ecological issues apart from wealth creation. The book presents key concepts, case studies, and multiple innovative models involving social entrepreneurship, such as green financing, serial social entrepreneurship, sustainable livelihood creation, and well-being, in addition to highlighting global sustainable development goals of the United Nations. The chapters are organised under the broad themes of sustainability of the organisation, sustainability of the community, sustainability of the development, and sustainability of the community–organisation interface. They examine social change, social innovation, social enterprise, small and micro-enterprises, microfinance institutions, inclusive growth, education, productivity, physical health, waste management, energy retention, self-reliance, and corporate social responsibility. They contain emerging research issues in the field as well as critical assessments while bringing together theoretical and practitioners’ perspectives. This book will be useful to scholars and researchers of development studies, social entrepreneurship, sustainable development, environmental studies, public policy, and political sociology. It will also greatly interest professionals from non-profit, corporate, and public sectors, other development practitioners, and international bodies.