This study investigates efficient adaptation and mitigation measures intended for green transformation of small and medium-sized enterprises (SMEs) with constrained resource availability. The major outcome is to support government initiatives to create policies that promote environmentally conscious transformations among businesses and foster sustainable economies. The research project will focus on clusters of Indian SMEs, with the potential to solve comparable issues in South Asian developing countries.
This research investigates SMEs willingness to invest in sustainable initiatives, establishing a foundation for understanding their preparedness for such projects. It explores green transformation projects aligned with SMEs objectives and climate goals, fostering engagement.
Utilizing the “choice experiment” method, the study identifies SME preferences, assisting in the selection of choices with significant effective programmes. Evaluation of current green initiatives assesses SMEs investment appeal, identifies improvement areas.
Barriers, notably financial ones, obstructing SMEs sustainability efforts are identified, providing policymakers insights for mitigation and adaptation. Comparative assessments of tailored green programmes prioritize feasible, high-impact solutions using metrics like Net Present Value. The research completes in a comprehensive cost-benefit analysis, offering an improved methodology to evaluate green programmes viability and financing, empowering resilient, eco-friendly economies. Ultimately, the study guides SMEs and governments in navigating resource constraints towards sustainable practices.
The project is funded by DAAD under the Development-Related Postgraduate Courses (EPOS) programme.