Technological Advancements and Their Impact on Sustainable Development: A Policy Review on Green Innovation and Environmental Taxation
DOI:
https://doi.org/10.22399/ijcesen.1570Keywords:
Technological Advancements, Sustainable Development, Green Innovation, Environmental Taxation, Renewable Energy, Smart GridsAbstract
Technological innovation plays a pivotal role in shaping sustainable development through fostering green innovations and influencing environmental tax policies. This investigation explores the intersection of technology, sustainability, and economic policy, focusing on how technological advances spur environmentally-friendly solutions while necessitating regulatory frameworks including green taxation. By reviewing existing literature and policy frameworks, this study evaluates the effectiveness of green taxes in promoting sustainable practices and mitigating environmental degradation. Additionally, the research highlights the purpose of rising technologies, such as renewable energy infrastructure, smart grids, and carbon capture mechanisms, in decreasing the ecological footprint of industrial and urban growth. The findings suggest that a balanced approach integrating innovation incentives with strategic taxation techniques can optimize environmental and financial outcomes. This study contributes to policy discussions by offering insights into how technological progress and green taxation can jointly drive sustainable development goals. Occasionally, a shorter or less complex sentence is included to provide variation alongside sentences with greater complexity.
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