A Systematic Review of Green Economy and Energy Efficiency Nexus

The notion of green economy and green growth has become center of attention for many policy makers. However, green economy has diverse aspects that link with energy efficiency and sustainability. In this article, we focus on the green economy and related energy efficiency mechanism by anticipating green growth. The objective of this paper is to check systematically published literature to compile the main driving aspects of green economy. For this purpose, a systematic literature review was conducted by searching full text, peer reviewed English articles from Scopus, Science direct and PubMed databases. The Preferred Reporting Items for Systematic Review was used to select relevant articles. Accompanying the full screening, 34 articles met the selection criteria and discussed in the current study. Three main aspects that lead to green economy as; green total factor productivity, human capital and green finance were identified based on the traditional approach of, “green economy”. Therefore, this study proposes policies and practices to scale up the energy efficiency by financial support from government. It is concluded that future research can carry on identifying the various challenges in successful adoption of green economy practices and attaining energy transition.