Environmental Economics and the SDGs: A Review of Their Relationships and Barriers

Abstract

Recently, environmental issues have increased, whereas the Earth’s natural resources have deteriorated. These problems have forced people and companies to engage in environmental economics to achieve sustainability. However, several barriers have been identified in the implementation of environmental economics. This literature review provides insights into environmental economics and the sustainable development goals (SDGs), as well as the correlation between these two subjects in general. Thus, information about potential barriers to the implementation of environmental economics and possible solutions will be presented. A total of 75 documents were analyzed, including articles, books, official reports, or paperwork from governments and/or related institutions. This study is beneficial, especially for developing countries that are just preparing for, or in the process of conducting, the initial implementation of environmental economics, as well as achieving the sustainable development goals. Interdisciplinary topics that integrate human aspects with environmental economics are limited yet crucial for future research.

Sustainable Economic Development: A Systematic Literature Review on Global Perspectives and Strategies

“…Implementing sustainable economic development strategies faces various challenges across different contexts. These challenges include barriers such as inadequate funding, technology, expertise, and awareness of the importance of sustainable economic activities (Setioningtyas et al, 2022). Additionally, challenges in sustainable development encompass the lack of clean energy, sustainable transport, natural resource management, public health, and sustainable production and consumption, which hinder the effectiveness of sustainable development (Alyami, 2019).…”

When the alarm bells ring: Why the UN sustainable development goals may not be achieved by 2030

“…The UN highlights sanitation as an ideal indicator for the progress of human well-being, however, it is still a key issue around the world that has caused many diseases and raised mortality rates (Adhikari & Halden, 2022). In addition to it, water pollution causes about 2 million human deaths by year (Setioningtyas et al, 2022). Furthermore, Castañeda Camey et al (2020 found an association between water availability and gender issues, considering that, in Kenya, a strategy often used to reduce families' economic stress is the marriage of child daughters.…”

Crisis Resilience of Startup Companies (The Case of Hungary among the Visegrad Countries with a Focus on the Pandemic)

“…To sum up, startups can be described as a subgroup of SMEs-young, innovative companies addressing global markets based on technological, process or business model innovation [43,48,50,51]. They differ from large companies in terms of their organizational structure, leadership style, reactions to the environment, available resources and the internal context in which they operate [52,53] especially due to the fact that startup companies lack expertise, resources, funding, and technology [54]. In today's knowledge-based economy, innovation is seen as the driving force of the economy.…”