GREENOMICS: THE ECONOMICS OF SUSTAINABLE DEVELOPMENT AND ENVIRONMENTAL STEWARDSHIP

Abstract

This review research paper aims to analyze the intersection of economics, sustainability, and environmental stewardship, focusing on the concept of "Greenomics" and its implications for global economic development. The paper is grounded in the theories of sustainable development, ecological economics, and environmental economics, providing a comprehensive framework for understanding the economic principles behind sustainable practices and their impact on societal well-being. A systematic literature review approach is employed to gather and analyze relevant scholarly articles, reports, and case studies from various disciplines such as economics, environmental science, and policy studies. The methodology includes a critical analysis of key concepts, theories, and empirical evidence related to Greenomics. The paper synthesizes findings to highlight the economic benefits and challenges associated with adopting sustainable practices, including resource efficiency, green technologies, circular economy models, and policy frameworks for environmental governance. It also explores the role of businesses, governments, and civil society in promoting sustainable development goals. The research contributes to enhancing understanding of the economic drivers and barriers to sustainable development, offering insights for policymakers, businesses, and stakeholders on integrating environmental considerations into economic decision-making processes. The practical implications include strategies for green investments, eco-friendly innovations, and sustainable business models, while the social implications focus on fostering environmental consciousness and societal resilience. This paper provides a comprehensive analysis of Greenomics as a multidimensional approach to sustainable development, offering original insights into the economic mechanisms that underpin environmental stewardship and the creation of value in a green economy.