Journal of Emerging Trends in Economics and Management Sciences: Home

Article Title:
Lateef A. Agbetunde, Mosud T. Ajala, Olatunji M. Dawodu, and Ibrahim K. Muritala
by Harnessing Green Taxation To Drive The Performance Of Circular Economy: A Research Synthesis For Inclusive Sustainable Development In Business

Abstract:
Concerns regarding environmental effect of human activities have grown significantly over time, leading to greater attempts to address and mitigate the harmful effects of human activities on the environment. The adoption of a Circular Economy (CE) is considered to be crucial for the advancement of capacity building for inclusive sustainable development, as it is focused on minimizing waste, optimizing resource utilization and decreasing environmental expenses. Nevertheless, the impact of fiscal measures, such as green taxation, on driving this shift is not yet thoroughly investigated. This study fills in the knowledge vacuum by examining green taxation and CE in Nigeria, with a view to synthesizing research focus on the potential of harnessing the former to drive capacity building for inclusive sustainable development, through performance of CE. Specifically, it focuses on harnessing green taxation to: promoting innovative product design for durability and repairability; enhancing resource efficiency through lean manufacturing and closed-loop supply chains; extending product life; reducing waste; as well as proposing a framework for leveraging green taxation to support CE and sustainable development in Nigeria. The study adopts secondary data for a desk review of the two concepts in the context of developing nations. This study would therefore give important insights into how green taxes might be used to promote capacity building for sustainable development and CE in Nigeria. It would also offer a framework for stakeholders and policymakers to attain both environmental and economic sustainability. _____________________________________________________________________________________________ Keywords: Capacity Building, Circular Economy, Product Lifecycle Management, Resource Efficiency

Keywords: Capacity Building, Circular Economy, Product Lifecycle Management, Resource Efficiency

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