Strategies for sustainable economic growth: The role of green taxation and renewable energy investment in the U.S

Abstract

This review paper delves into the critical role of green taxation policies and renewable energy investments in fostering sustainable economic growth in the United States. It scrutinizes the effectiveness of current tax incentives and policies in propelling investments in renewable energy, evaluating their contributions to environmental conservation and sustainable development. The study is anchored on a comprehensive literature review approach, focusing on selecting relevant studies and reports that shed light on the integration of technology in social work, particularly in the African context and its implications for U.S. practice. The findings reveal that while green taxation and renewable energy investments offer significant benefits in terms of reducing pollution and promoting sustainable energy sources, their environmental impacts must be carefully managed. The paper also explores the interplay between green taxation and public health policy, assessing how environmental tax reforms can contribute to a healthier U.S. population. In conclusion, the study provides policy recommendations for enhancing the U.S. position as a leader in environmental stewardship and sustainable economic practices. It underscores the need for a multifaceted approach that includes fiscal incentives, supportive regulatory frameworks, strategic financing mechanisms, and public-private collaboration. Future research should focus on addressing the identified gaps, particularly in exploring innovative financing mechanisms and assessing the long-term impacts of these policies on economic growth and environmental sustainability.