Journal of Recycling Economy & Sustainability Policy

A Sustainable and Inclusive Economic Development: A Global Imperative

Akhilesh Prabhakar — Sat, 28 Dec 2024 00:00:00 +0300

Achieving sustainable and inclusive economic development stands as an urgent global imperative amidst profound challenges impacting global prosperity. This paper explores the complex interplay of factors such as the COVID-19 pandemic aftermath, geopolitical conflicts, climate change-induced natural disasters, and demographic shifts, all of which pose formidable obstacles to realising the Sustainable Development Goals (SDGs) by 2030. The methodology involves a comprehensive review and synthesis of recent literature, including reports from the Sustainable Development Report 2023, academic research, and policy documents. Analysis of these sources elucidates the current state of SDG progress and identifies critical barriers and opportunities for advancing sustainable development globally. Findings: The Sustainable Development Report 2023 indicates a stark reality where only 15% of the SDGs are on track, underscoring significant setbacks exacerbated by recent global disruptions. Financial deficits in international SDG financing, particularly for developing economies, present a substantial impediment to achieving sustainable development targets. Results: Enhanced multilateral cooperation and innovative financing mechanisms are identified as essential strategies to address these challenges effectively. Prioritizing vulnerable populations, including those in fragile and conflict-affected regions, emerges as a crucial priority. Additionally, facilitating economic transformation through technology transfer, capacity-building initiatives, and promoting inclusive growth models are highlighted as pivotal approaches to accelerate progress towards the SDGs. Recommendations: Based on the findings, this paper recommends several actionable steps to foster sustainable and inclusive economic development: Strengthening Multilateral Cooperation: Foster deeper collaboration among nations, international organizations, and stakeholders to mobilize resources and expertise effectively. Innovative Financing Mechanisms: Explore and implement innovative financing models such as blended finance, leveraging private sector investments aligned with sustainable development goals. Prioritizing Vulnerable Populations: Direct targeted development assistance, including grants and social protection measures, to vulnerable groups most affected by economic disparities and climate change impacts. Promoting Technology Transfer and Capacity Building: Facilitate technology transfer initiatives and enhance local capacities in developing countries to foster sustainable industrialization and innovation. Supporting South-South Cooperation: Empower developing countries as donors through South-South Cooperation, enabling them to share knowledge, resources, and experiences in sustainable development practices.

The Influence of Financial Innovation and Market Capitalization on Economic Growth: A Comparative Review of Global and Emerging Markets

Salaah Saada — Sat, 28 Dec 2024 00:00:00 +0300

The financial market is essential in fostering economic growth, with volatility and shocks playing a crucial role in the development of the economy. The growth of stock markets in emerging economies has led to significant research on the causes of the growth of the share market. Positive shocks in financial inclusion and well-developed financial markets, particularly stock markets, encourage foreign portfolio investment and improve the structure of the financial system. Financial innovation promotes financial activity in the economy through new forms and structures of financial institutions, enhanced financial services via technology advances, and enhanced financial goods, leading to economic growth. Equity financing is particularly beneficial for economic growth in both the US and Europe, with the effect being more significant in Europe. This study aims to explore the theoretical and literature-based connection between Market Capitalization and macroeconomic growth drivers.

Leveraging AI for Sustainable Development: A Scoping Review on Social Work’s Contribution to the SDGs

Hatice Hale Yurttabir — Wed, 08 Jan 2025 00:00:00 +0300

The intersection of artificial intelligence (AI) and social work presents significant opportunities for advancing social good, particularly in alignment with the Sustainable Development Goals (SDGs). This scoping review aims to map the existing literature on the application of AI in social work and its contributions to the SDGs. Conducting a comprehensive search across multiple databases to identify studies that explore the use of AI in various social work practices, the findings highlight key areas where AI has been utilized, including child welfare, mental health, and community development, and discuss the benefits, challenges, and ethical considerations associated with these applications. This review underscores the need for further research and collaboration between social work professionals and AI experts to harness AI's potential for achieving the SDGs.

Sustainable Governance in the Digital Age: E-Government Innovations for Climate Action

Junaid Sattar BUTT, Dalia Kadry Ahmed Abdelaziz — Wed, 08 Jan 2025 00:00:00 +0300

As the specter of climate change looms larger, the imperative for effective governance in addressing environmental challenges becomes ever more pressing. This study delves into the intersection of sustainable governance and digital innovation, focusing on the pivotal role of E-Government in catalyzing climate action. In an era defined by rapid technological advancement, E-Government offers unprecedented opportunities for governments to streamline processes, enhance transparency, and engage citizens in collaborative efforts toward environmental sustainability. Through case studies, theoretical frameworks, and empirical analyses, this study aims to showcase innovative strategies and best practices in leveraging digital technologies for climate resilience. From data-driven decision-making and open governance initiatives to citizen science and participatory platforms, the study will explore how E-Government innovations are reshaping the landscape of climate governance. By fostering dialogue among policymakers, researchers, and practitioners, this study seeks to inspire actionable insights and forge pathways toward a sustainable future in the digital age.

Taxation Of Artificial Intelligence Solutions – A Chinese Approach

Tue, 04 Feb 2025 00:00:00 +0300

The rapid growth of artificial intelligence (AI) is prompting governments to address its economic, social, and ethical impacts through regulatory and tax policies. In China, AI is central to its innovation strategy, with tax incentives like reduced corporate income tax rates for high-tech enterprises, R&D expense deductions, and VAT exemptions on AI-related software services. Regional hubs such as Shenzhen and Hangzhou further support AI growth through subsidies and tax holidays. However, AI companies face challenges like complex tax codes, compliance costs, and classification ambiguities. Globally, AI taxation debates explore solutions like "robot taxes," automation levies, and adapting corporate tax structures to address revenue losses from reduced human employment while ensuring equitable contributions. Alternatives include taxing businesses for workforce reductions or providing credits for prioritizing human hiring. Effective AI taxation policies must balance innovation, social equity, and economic sustainability by ensuring neutrality, simplicity, and adaptability to future shifts. This paper examines China’s AI tax framework within this global context.

Sustainability and Smart Cities: Linking Renewable Energy with Gender-inclusive Urban Policies

Meltem Ince Yenilmez, Özgür Yenilmez — Thu, 20 Feb 2025 00:00:00 +0300

Urban economies contribute greatly to global decarbonization because they account for a huge volume of greenhouse gas emissions, and they can drive sustainable energy transition. Smart cities would recognize the way renewables can rely on efficient grids, decentralization, and green infrastructure altogether through digital technologies that uniquely integrate renewable energy systems. There exist obstacles to equitable energy access and workforce inclusion. Gender-responsive policies can ensure inclusive transitions into embedding equity in urban energy planning, diverse workforce participation, and finally integrating underserved communities. Best practices are drawn from Copenhagen, Amsterdam, and Fujisawa. The focus will link urban development to global climate goals and transform environmental and economic policies toward social equity for sustainable, inclusive, and resilient cities worldwide.

The Impact of Renewable Energy Consumption on Economic Growth: Empirical Findings for Türkiye (1990-2022)

Yunus Budak — Thu, 05 Jun 2025 00:00:00 +0300

Energy is an important factor of production. The efficient use of this factor is closely related to the economic growth of countries. There are many factors that affect economic growth; however, energy has recently become even more significant than other factors of production With technology and industrialization, energy use has gradually increased and become more important. Energy consumption has become increasingly important for economic growth. Renewable energy production and consumption have become crucial variables that no economy can afford to ignore. The aim of this study is to investigate the long-term and short-term effects of renewable energy consumption on economic growth using annual data from 1990 to 2022. In the study, Augmented Dickey-Fuller (ADF) and Phillips-Perron (PP) stationarity tests revealed that the variables are stationary at first difference. Bayer-Hanck Cointegration Analysis was applied to investigate the long-run relationship, revealing that the variables move together in the long run and are cointegrated. According to the coefficient estimation results obtained by the FMOLS method, a 1% increase in the share of renewable energy consumption in total energy consumption leads to a 5.7% increase in the growth variable in the long run. As a result of the error correction model, it is determined that the variables are also correlated in the short run. In the long run, 40.5% of the short-run deviations between the co-moving series disappear and the series converge back to the long-run equilibrium value. Moreover, a bidirectional causality relationship between renewable energy consumption and economic growth has been identified.