Adopting net-zero in emerging economies.

ABSTRACT

In recent years, rapid reduction in natural resources alongside climate change has prompted industries to adopt sustainable operational practices. Globalization is arguably a boon for people and societies worldwide but has also led to significant disruptions to our natural ecosystem. Consequently, it has caused environmental concerns and issues around public health. The net-zero economy has recently emerged as a pivotal way to conserve the environment, mitigate health issues and address sustainable development goals (SDGs). The extant literature and relevant industrial reports have shown that automobiles significantly contribute to greenhouse gas emissions. Therefore, the current study is conducted to identify the critical success factors (CSFs) of net-zero adoption with respect to the automobile industry. The fuzzy decision-making trial and evaluation laboratory (DEMATEL) technique is applied to establish a dyadic relationship (cause-effect) among the identified CSFs. The top three CSFs are found to be focus on research and development activities, International Collaborations and Strategic Planning and Effective Roadmap. Finally, this study provides theoretical and practical implications for relevant industries to implement net-zero effectively.