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Assessment of green development level performance in G20 countries: A dynamic evaluation framework
1Department of Quantitative Methods, School of Business, King Faisal University, Al-Ahsa, 31982, Saudi Arabia.
Abstract:
To achieve sustainable development goals and foster future prosperity globally, the promotion of green development is essential. Nevertheless, persistent regional disparities in green development among the G20 nations stem from differing economic and environmental conditions in dynamic contexts. In light of these conditions, it is essential for governments to evaluate their country's current green development performance in comparison with higher-performing nations and to learn from their experiences. This study introduces a new dynamic evaluation framework that integrates the importance of evaluation indicators using the dynamic entropy weighting method, a Dynamic Technique for Order Preference by Similarity to Ideal Solution method, and principal component analysis. This framework serves as a tool for G20 countries to assess their green development levels between 2015 and 2021. A key contribution of this study is the facilitation of the G20's ability to implement relevant reform measures and monitor green development progress in a dynamic environment. This framework can serve as a model for similar evaluations in other regions globally. The study's main findings indicate that G20 countries with high levels of green development possess strong economic foundations and prioritise the balanced development of their economies, societies, environments, and innovation.
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