Are emerging technologies unlocking the potential of sustainable practices in the context of a net zero economy? An analysis of driving forces

Agrawal, Rohit, Priyadarshinee, Pragati, Kumar, Anil, Luthra, Sunil, Garza-Reyes, Jose Arturo and Kadyan, Sneha (2023) Are emerging technologies unlocking the potential of sustainable practices in the context of a net zero economy? An analysis of driving forces. Environmental Science and Pollution Research. ISSN 0944-1344

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Official URL: https://doi.org/10.1007/s11356-023-26434-2

Abstract / Description

Increasing globalization and climate change have significantly affected business activities. Government and other stakeholders are creating pressure to have a sustainable business model for efficient resource utilization and minimizing negative environmental impact. Many organizations have started focusing on sustainable and cleaner production through the adoption of net zero economy (NZE) practices. Certain technological advancements are required to put these concepts into practice. Firms have begun to adopt digital technologies (such as Big Data Analytics, Artificial Intelligence, and Internet of Things, among others), and have been widely used in practice to achieve NZE. Is digitalization unlocking the potential of sustainable practices in the context of a net zero economy? This question is still unanswered, therefore this study aims to identify and analyse the drivers of digitalization that ensure sustainable practices to achieve net zero economy. Through an extensive literature review and experts’ opinions, a list of drivers was identified. An empirical investigation was conducted to validate the identified drivers and further understand the influencing relationship among the drivers, Pythagorean Fuzzy-Decision Making Trial and Evaluation Laboratory (PF-DEMATEL) was employed. The findings of the study show that ‘high degree of automation’, ‘enhancing the flexibility in the manufacturing process’, and ‘real-time sensing capability’ are the main influencer drivers among all cause group forces. The present study can be a source for industrial practitioners and academia that can provide significant guidance on how the adoption of digitalization can unlock the potential to achieve CE, which can lead us towards net-zero.

Item Type: Article
Additional Information: This version of the article has been accepted for publication, after peer review and is subject to Springer Nature’s AM terms of use, but is not the Version of Record and does not reflect post-acceptance improvements, or any corrections. The Version of Record is available online at: http://dx.doi.org/10.1007/s11356-023-26434-2
Uncontrolled Keywords: emerging technologies; sustainable practices; net zero economy; circular economy; drivers; Pythagorean fuzzy DEMATEL
Subjects: 300 Social sciences > 330 Economics
600 Technology > 650 Management & auxiliary services
Department: Guildhall School of Business and Law
Depositing User: Anil Kumar
Date Deposited: 09 Mar 2023 11:58
Last Modified: 11 Jan 2024 09:44
URI: https://repository.londonmet.ac.uk/id/eprint/8385

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