Green finance for support emergency services strategies and Sustainable Development Goals (SDGs)
Dr. Faris Alshubiri, Associate Professor of Finance, College of Commerce and Business Administration, Chairperson of Finance and Economics, Dhofar University, Oman, Reginal Editor of International Journal of Emergency Services – Middle East – Email: [email protected]
Dr. Mansour Alraja, Associate Professor of MIS, College of Commerce and Business Administration, Chairperson of Management Information System, Dhofar University, Oman, College’s Chief Accreditation Officer for AACSB– Email: [email protected]
Background to the topic
Economic growth is a prerequisite for poverty alleviation. Therefore, the processes of economic development exert great pressure on the environment in determining the basic safe resources for the development of future generations. In recent years, the sudden economic crises and continuous environmental changes have been considered an important challenge. To overcome these challenges, societies must pay attention to ecological strategies in achieving sustainable development goals; these strategies lead to growth and increased social justice with an emphasis on preserving environmental resources. Therefore, governments work continuously to respond to environmental and technological changes and forecast financial and economic crises by way of the continuous assessment of managing business sector risk models with accountability and governance of emergency services. The financial sector plays a prominent role in stimulating all active economic sectors to support green growth strategies that encourage them towards less risky industries that can predict the emergency services that societies need to achieve sustainable development goals.
The financial sustainability and the extent of countries’ ability to control economic crises are limited due to less availability of financing funds, which is often one of the important challenges for most countries. In addition, many financial institutions are not sufficiently aware of the risks of the commercial activities they finance and their implications for the environment, or don’t work in an efficient and effective manner.
The pursuit of green growth as an emergency strategic approach in countries leads to mitigate financing shortcomings and confront risk models in the market. Therefore, by green growth most of countries are able to smoothly adapt to environmental changes and technological innovations to present innovative models in stimulating investments without achieving a social crisis in development. The process of allocating funds to confront services’ emergency crises is imperative for all countries to conduct analytical risk processes, legislative and institutional frameworks, coordination, communication and information technologies, response planning and training on emergency plans. All these analyses are to mitigate potential losses to ensure effective response and rapid empowerment. They also provide means for identifying practical and feasible interventions to create resilience and enhance the financial support portfolio through the availability of flexible financing mechanisms.
However, the research gaps are still concentrated in the lack of studies on the analysis of the availability of the necessary funding for emergency preparedness, which is considered much less than needed in light of the urgent need to build risk management structures, models of economic and environmental crises, and measure the cost of managing uncertainty in projects for future. Furthermore, at the present time, governments are facing a major challenge in their ability to provide emergency capital for the Covid 19 response to protect societies and lives. The crisis phase will require governments to prepare long-term recovery and stimulus packages to support economic growth and job security. As a result, it requires governments to provide emergency capital allocations to confront this crisis that accompanies the economic and environmental crises. There is still a critical opportunity to reconfigure the economic structures in a way that is consistent and in harmony with the current crises. The need has become necessary to provide emergency capital that meets these needs and achieves the 17 goals of sustainable development, which aim in their entirety to alleviate poverty and achieve justice and social welfare. Here, the importance of green financing strategies appears, and the extent of the convergence of the public and private sectors in providing flexible projects that respond to urgent changes and create sustainable jobs that work on economic growth.
The special issue aims to close these gaps in research by presenting experimental and analytical studies on green financing policies and mechanisms that enable the mobilization of sufficient funding that societies need to face emergency services crises and risks in all industrial activities. In addition, focusing on the efficient and effective use of resources to achieve sustainable development goals and coming up with some green recovery plans. Yet, limited financial provisions are known to hinder such efforts. This special issue will thus contribute to the provision of sustainable financial, economic, technological models in the business sector, from social, financial, technological, political and environmental perspectives.
Topics for submissions include, but are not limited to:
- Forecasting of financial, accounting models to mitigate the emergency services crises and Sustainable Development Goals (SDGs);
- Risk management models for emergency planning and SDGs;
- Financial crises and preparation, planning and contingencies in responses to emergencies for achieving SDGs;
- Green financing and value of international responses to emergencies;
- Technological innovations models and effectiveness, efficiency of international responses to emergencies for achieving SDGs;
- Green financing and governance of emergency services to support SDGs;
- Green financing and capital emergency to support SDGs;
- Environmental and economic issues and capital emergency to support SDGs.
Submissions and deadlines
The closing date for submissions for this special issue is December 31st, 2021.
Submissions should be made via ScholarOne Manuscripts, selecting the special issue title from the list.
Please check the author guidelines before submitting.
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