Static worldview illustrates that the environmental regulation and standards lead to an increase in the costs of production and decrease the market share of domestic products in the international market. However, the notion of this change is based on the innovation because the companies who are leading the global market are not growing on cheap production, currently depending on innovation and research. A few studies suggest that if the firms started incorporating environmental standards earlier, the firms would get competitive advantages in the global markets than their competitors. For enhancing competitiveness in the market, stimulations for innovation and strict environmental regulations are required, however, policy should be lessening the tradeoff of environment-competitiveness relationship. The environmental regulations will create pressure and motivate the firms to follow the policy, thus will help reducing the uncertainty of energy supply. The chapter focuses on the environmental competitiveness of green energy production, usages, and benefits for industries. Furthermore, it explains how investing in green energy contributes to global sustainability from the viewpoint of mitigating greenhouse gas emissions and reducing human-induced disaster risk. Through content analysis, the study concludes that the firms who will be able to snatch the opportunities of lessening tradeoff between environment and competitiveness through green energy innovations, will have the chance of creating challenges for the competitors in the global market. It recommends that motivating business enterprises for adopting renewable energy practices is crucial, and at the same time, transferring technologies and knowledge among the organizations and governments will help to extend green energy movements.

Mia, M. J., Hossain, M. S., Biswas, R. N., Akon, M. S. (2025). Environmental Competitiveness, Green Energy, and Global Sustainability. In: Das, R. C. (Ed.) Green Energy Investments and Economic Development. (pp. 147–169). Palgrave Macmillan, Singapore. https://doi.org/10.1007/978-981-96-6166-4_9