Do the innovative technological advancements foster the green transition pathways for Industry 5.0? A perspective towards carbon neutrality

Dhayal, Karambir Singh, Giri, Arun Kumar, Agrawal, Rohit, Agrawal, Shruti, Samadhiya, Ashutosh and Kumar, Anil (2024) Do the innovative technological advancements foster the green transition pathways for Industry 5.0? A perspective towards carbon neutrality. Benchmarking: an International Journal. ISSN 1463-5771 (In Press)

Abstract

Purpose:
Industries have been the most significant contributor to carbon emissions since the beginning of the Industrial Revolution. The transition to Industry 5.0 (I5.0) marks a pivotal moment in the industrial revolution, which aims to reconcile productivity with environmental responsibility. As concerns about the decline of environmental quality increase and the demand for sustainable industrial methods intensifies, experts recognize the shift towards the I5.0 transition as a crucial turning point.

Design/Methodology/Approach:
This review study explores the convergence of green technological advancements with the evolving landscape of I5.0, thereby presenting a roadmap towards carbon neutrality. Through an extensive analysis of literature spanning from 2012 to 2024, sourced from the Scopus database, the research study unravels the transformative potential of green technological innovations, artificial intelligence, green supply chain management, and the metaverse.

Findings:
The findings underscore the urgent imperative of integrating green technologies into the fabric of I5.0, highlighting the opportunities and challenges inherent in this endeavour. Furthermore, the study provides insights tailored for policymakers, regulators, researchers, and environmental stakeholders, fostering informed decision-making towards a carbon-neutral future.

Originality/Value:
This review serves as a call to action, urging collective efforts to harness innovation for the betterment of industry and the environment.

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