• Printed Journal
  • Indexed Journal
  • Refereed Journal
  • Peer Reviewed Journal
Journal of Pharmacognosy and Phytochemistry

Journal of Pharmacognosy and Phytochemistry

Vol. 13, Issue 3 (2024)

Understanding the adoption index of green investment practices among emerging market firms in Himachal Pradesh: A empirical analysis

Author(s):

Swapandeep Kaur and Dr. Rashmi Chaudhary

Abstract:

This study investigates the adoption of green practices among enterprises in Himachal Pradesh, India, with a focus on environmental sustainability. Utilizing data from 300 industrial units, the research sheds light on patterns of green technology adoption, identifies areas of progress, and highlights challenges hindering widespread adoption. The findings reveal a commendable level of adoption of certain green practices, such as recycling, material reuse, and the incorporation of biomass and biofuels, indicating a growing awareness of environmental stewardship among businesses. However, a significant proportion of enterprises are categorized as low adopters, suggesting the need for targeted interventions to overcome barriers like awareness, technical proficiency, and regulatory constraints. The study also acknowledges its limitations, including geographic constraints and reliance on self-reported data, and offers implications for future research, such as longitudinal studies and exploration of nascent green technologies. Recommendations for policymakers, practitioners, and researchers are provided to foster green technology adoption and promote environmental sustainability. Overall, this research underscores the importance of collaborative efforts to address environmental challenges and pave the way for a sustainable future.

Pages: 187-194  |  124 Views  55 Downloads


Journal of Pharmacognosy and Phytochemistry Journal of Pharmacognosy and Phytochemistry
How to cite this article:
Swapandeep Kaur and Dr. Rashmi Chaudhary. Understanding the adoption index of green investment practices among emerging market firms in Himachal Pradesh: A empirical analysis. J Pharmacogn Phytochem 2024;13(3):187-194. DOI: 10.22271/phyto.2024.v13.i3c.14958

Call for book chapter