Impact of Global Markets on Green Supply Chain Management, Economic Growth, and Environment
Keywords:
Green Logistics, Management, Environmental Sustainability, CO2, Emissions, Renewable Energy SourceAbstract
The goal of this research is to learn how green logistics operations affect energy consumption, GDP growth, and environmental stability. The study will use panel data from 43 diverse nations all around the world to better understand the factors that influence the relationship between these variables. In order to draw reliable conclusions from the findings, the researchers used the panel GMM estimates. Findings demonstrated the consumption of energy and fossil fuel by logistics operations, with the quantity of these fuels and other non-green energy sources having an important negative impact on environmental sustainability. As well as a negatively influence on monetary development. Inadequate transport-related organization and logistics services are a major contribution to both CO2 and total emissions of greenhouse gases. Carbon emissions, on the other hand, cause harm to both flora and fauna and slow down economic progress. According to the findings, the use of green practices and renewable sources of energy may be able to reduce the negative impact of logistical operations on the long-term viability of the environment and stimulate economic activity in a region, resulting in increased opportunities to export goods.
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