Publication Details
Abstract
The issue of global climate change has made calls of sustainable low-carbon and resilient economic systems in the developing and vulnerable regions. Green entrepreneurship has also become one of the notable avenues of gathering innovation, renewable technologies, and environmentally accountable business patterns that enable economic progress and climate resiliency. Although the extant scholarship has made progress in understanding the sustainability transitions, the nature of change that is brought about by the green entrepreneurs in the emerging economies is not well understood. This essay looks into green entrepreneurship as a driver of sustainable innovation and climate-reliant economic transformation. It combines modern works on sustainable system of innovation, ecological modernization, circular economy and mission-oriented entrepreneurship. The article claims that the strategic contribution that green entrepreneurs can make to lower environmental risk, boost adaptive and transformative capacities, and increase long-term economic resilience in emerging economies is their frugal eco-innovation, resource efficiency, renewable energy solutions, and circular business models. The research determines that there are significant limitations such as institutional weaknesses, gaps in financing, inconsistencies in policies, and technological limitations. An analytical model of the Ecological Modernization Theory and the Sustainable Innovation System approach is worked out to lead further empirical investigations. The paper ends by giving suggestions to the policymakers, researchers and entrepreneurs on how to empower green entrepreneurship to become climate resilient in its development.