Reshaping Tomorrow through Green Governance and Circular Economy: An Emerging Paradigm
Abstract
Circular economy and green governance are gaining momentum and traction with industry and policymakers. The circular economy is viewed as a restoration and regeneration system in which resources, energy usage, and greenhouse gases are minimized. At the same time, the Green Governance structure is a good transition to a circular economy and helps enterprises to move toward sustainable development. This study’s objective is to explore the hidden possible relationship that exists between the Green Governance of companies and the much-anticipated Circular Economy for low waste and carbon society. Furthermore, an extensive literature review was undertaken to create the first green governance circular economy framework (GGCE) for businesses to integrate the proposed model into their operational activities. This GGCE framework will be developed by exploring the similarities between green governance and circular economy. This study has three expected findings; firstly, the proposed framework will help firms to change their business approach to addressing climate change. Secondly, the GGCE framework will help policymakers to develop policies for circular economy governance. Lastly, it will be the point of reference to the academician for further extension of the GGCE framework.
Keywords: green governance, circular economy, GGCE framework, Nigeria oil and gas sector
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