From COP27 to COP28: Global Climate Concerns Fair Transition to a Green Economy

Abstract

The transition to a green economy is a crucial axis in the current era, to which the United Nations paid great attention during COP27, held in Sharm el-Sheikh, in November 2022 in Egypt. Egypt assumed its presidency. One of its most important recommendations was to support the transition to a green economy in preparation for COP28 conference, which will be chaired by the United Arab Emirates to ensure the achievement of the global sustainability agenda along with the achievement of social and economic justice. The study seeks to measure and analyze the pace and level of green economy growth in developed and developing countries, in addition to clarifying the role of COP27 and its outcomes to pave the way for COP28 to address global concerns about climate and a just transition to a green economy. For this purpose, a state-of-the-art literature review is conducted by systematically collecting the existing literature over a period of ten years (2013-2022) and classifying it on attributes such as countries, years, journals, methodology, and the methods used for the transition to a green economy. The results show that the green economy will pose more challenges and present more opportunities for various economies and business enterprises during the coming periods leading to more expansion of concepts and theoretical contributions. The study proves that countries must embrace the transition to a green economy to achieve the sustainable development goals and improve economic growth and human well-being in a sustainable manner. The study's limitation is that it focuses on research trends in the past ten years only. Moreover, only good quality papers, peer-reviewed journals are considered in the study.