The increased quest to utilize resources efficiently, in a manner that will have minimal impact on the environment and thereby improve sustainability, has led to the sustained relevance of green entrepreneurship in both developed and developing countries the world over, including Nigeria.
The issue of global warming and the destruction of aquatic live and natural inhabitants, water pollution, as well as increased loss of diversity, have imposed much pressure on policy-makers globally, thus propelling them to advocate for a more sustainable production and consumption pattern and innovative technologies by entrepreneurs.
Questions pertaining to environmental degradation, economic improvement and growth, carbon footprint reduction, along with pollution control and waste management, remain mostly unanswered or addressed, in the case of Nigeria. Closer examination of development, economic growth, non-compliance to policy or poor policy, and corrupt practices by environmental and other government official has become critical. Inadequate infrastructure should also be queried, along with an unconducive business environment, unreliable institutions and regulations, and unfriendly consumption of natural resources, in addition to a lack of access to finance, and many others.
There is an urgent need to address these challenges faced by society, due to unethical and non-compliance with environmental sustainability by business operators, specifically entrepreneurs, in order to foster green initiatives that can assist in stemming the tide of this environmental degradation.
This paper examines the concept of green entrepreneurship and provides guidelines for environmental sustainability through improved decision-making by government and other relevant stakeholders, while encouraging entrepreneurs to incorporate green initiatives into their overall strategy and entrepreneurial practices.
The increased quest to utilize resources efficiently, in a manner that will have minimal impact on the environment and thereby improve sustainability, has led to the sustained relevance of green entrepreneurship in both developed and developing countries the world over, including Nigeria.
The issue of global warming and the destruction of aquatic live and natural inhabitants, water pollution, as well as increased loss of diversity, have imposed much pressure on policy-makers globally, thus propelling them to advocate for a more sustainable production and consumption pattern and innovative technologies by entrepreneurs.
Questions pertaining to environmental degradation, economic improvement and growth, carbon footprint reduction, along with pollution control and waste management, remain mostly unanswered or addressed, in the case of Nigeria. Closer examination of development, economic growth, non-compliance to policy or poor policy, and corrupt practices by environmental and other government official has become critical. Inadequate infrastructure should also be queried, along with an unconducive business environment, unreliable institutions and regulations, and unfriendly consumption of natural resources, in addition to a lack of access to finance, and many others.
There is an urgent need to address these challenges faced by society, due to unethical and non-compliance with environmental sustainability by business operators, specifically entrepreneurs, in order to foster green initiatives that can assist in stemming the tide of this environmental degradation.
This paper examines the concept of green entrepreneurship and provides guidelines for environmental sustainability through improved decision-making by government and other relevant stakeholders, while encouraging entrepreneurs to incorporate green initiatives into their overall strategy and entrepreneurial practices.