Sustainable growth strategy promoting green innovation processes, mass production, and climate change adaptation: A win-win situation

Abstract

The shift from the linear to the circular model is primarily facilitated by sustainability practices, which create new networks and offers choices in product manufacturing, environmental management, and after-sale functions—demonstrating that eco-friendly technological advancement is essential to the development of circular economies. Therefore, businesses of all sizes need to think about green process innovation (Awan et al., 2022, Awan and Sroufe, 2022, Zaman et al., 2022). The global economy and the environment are both affected by climate change. Unpredictable weather conditions and a rise in temperature of around 0.8°C pose problems for Indonesia’s agricultural sector (Oktaviani et al., 2011). The global economic climate is challenging, and the pandemic threat to Indonesia is considerable. Domestic demand and the private sector, notably SMEs and microenterprises, were hit severely by the epidemic of COVID-19, as were the effects of rising inflation, harsh weather, and the government’s efforts to stimulate the economy (World Bank, 2022a). As USAID (2022) reported, millions of Indonesians rely on the country’s natural resources for their daily needs and economic well-being. The country’s growth is being hampered by climate change and extreme weather events, including cyclones, floods, landslides, droughts, and earthquakes. From Gunawan et al. (2022) Analysis of sensitive and non-sensitive Indonesian sectors across economic, social, and environmental dimensions revealed a consistent upward trend in sustainability over time. The economic complexity index for environmental sustainability in Indonesia, as reported by Chandrarin et al. (2022), predicts that a combination of GDP growth, economic complexity, and technological advancements in the natural resource sectors will drastically cut carbon emissions and subsequent climate change. Sustainable development strategy has a significant impact on changing climatic circumstances, suggesting the need for a framework of regulations to minimize emissions in order to save the environment and human civilization.