Citation:

Vinsensa Vitalonga, Yos Sunitiyoso. "The Impact of Sustainable Business Strategies on Achieving a Green Economy in Indonesia" International Research Journal of Economics and Management Studies, Vol. 3, No. 5, pp. 359-366, 2024.

Abstract:

Amidst global changes, extreme challenges shake the global industry, including worrying climate change, prolonged depletion of natural resources, pollution, and growing economic imbalances. Unsustainable exploitation of natural resources has a significant impact on the environmental crisis and global economic stability. A theory of the Environmental Kuznets Curve (EKC) explains that economic growth initially increases emissions due to industrial and infrastructure expansion. In developing countries such as Indonesia, this theory is very relevant. However, implementing sustainable business strategies can help turn this trend towards a green economy. This study focuses on how sustainable business strategies can be the solution to achieving a green economy in Indonesia. Through quantitative methods and data analysis from 2003-2023, this study aims to identify factors that influence the success of sustainable business strategies in achieving a more balanced and sustainable green economy in Indonesia.

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Keywords:

Economic growth, Environmental impacts, Green economy, Indonesia, Sustainable business strategies.