Global Sustainability in the presence of Green Technology Transfer.

Abstract

The literature gives credence to the role of energy consumption, and air transport to induce economic growth, without much attention to the role of green technology transfer. However, as economic growth upsurges, utilization of energy increases, thereby releasing toxic chemicals, which causes environmental degradation. There are also evidences that green technology, in place of unreplenished resources, have a potential to enhance sustainable development. As a result, recent research suggests that policy makers stabilize and/or subsidize investment in green technology for a sustained economic and social development. This also extends to promoting a green environment. Conversely, not much research has been carried out on the role of green technology transfer for a sustainable energy system, and unless clean, alternative sources of energy are available, reducing global warming will be challenging.