STRATEGIC PARTNERSHIP IN SUSTAINABLE DEVELOPMENT PROJECTS IN THE CONTEXT OF DIGITAL TRANSFORMATION AND CLIMATE CHANGE

Keywords: strategic partnership, public-private partnership, sustainable development, global economy, subsidiarity, international projects, digital transformation, AI tools, green-digital transition, climate neutrality

Abstract

The article examines strategic partnership as a key mechanism for implementing sustainable development projects in the context of the green-digital transition of the global economy. The role of digital technologies in this process is defined, and the interconnection of the twin green and digital transition is considered as a bidirectional process toward sustainable development. It is established that strategic partnership, particularly public-private partnership, serves as a crucial tool for mobilizing financial, technological, and human resources to implement climate-digital initiatives. Based on an analysis of international projects and global initiatives, the study identifies the primary models of collaboration between the public, private, and civil society sectors. Climate neutrality is substantiated as the central focus of such initiatives. The study demonstrates that the most effective partnerships incorporate the principle of subsidiarity, ensuring that decision-making occurs at the local level, considering regional specificities. The article structures the main stakeholders engaged in the green-digital transition across world regions and provides a regional analysis of recipient regions in partnership-based green-digital initiatives. Through empirical research, key challenges in strategic partnership implementation are identified, including technological disparities, regulatory instability, limited access to funding, and the absence of harmonized policies among partners. The article outlines prospective directions for international cooperation, emphasizing adaptive digital strategies, the integration of artificial intelligence, advanced digital tools for climate monitoring, and the expansion of access to environmental technologies in developing countries. It has been determined that the factors which influence the establishment of a strategic partnership are the financial and technological capacity of the partners involved, effective communication and long-term interaction, as well as political and regulatory support.

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Mukhuty, S., Upadhyay, A., & Rothwell, H. (2022). Strategic sustainable development of Industry 4.0 through the lens of social responsibility: The role of human resource practices. Business Strategy and the Environment, Vol. 31, Issue 5, pp. 2068-2081. DOI: https://doi.org/10.1002/bse.3008

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Xie, Y., Zhao, Y., Chen, Y., & Allen, C. (2022). Green construction supply chain management: Integrating governmental intervention and public–private partnerships through ecological modernisation. Journal of Cleaner Production, Vol. 331, pp. 129986. DOI https://doi.org/10.1016/j.jclepro.2021.129986

Maksymova, I., Savelyev, Y., Zvarych, I. & Kurylyak V. (2023). Global Differentiation of Climate-digital Projects in Terms of Low-carbon Economy. IDAACS 12th International Conference on Intelligent Data Acquisition and Advanced Computing Systems: Technology and Applications. (September, 2023), Dortmund, vol. 1, pp. 859-864.

Renard, T. (2022). Treachery of strategies: A call for true EU strategic partnerships. Brussel: Egmont Paper, 52 p.

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Sustainability in the Digital Age (2023). Digital Climate Project Database [digital database]. URL: https://sustainabilitydigitalage.org/

Chuard, P., Garard, J., Schulz, K., Kumarasinghe, N., Rolnick, D., & Matthews, D. (2022). A portrait of the different configurations between digitally-enabled innovations and climate governance. Earth System Governance, Vol. 13, pp. 100147. DOI: https://doi.org/10.1016/j.esg.2022.100147

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Vasilescu, M., Dimian, G. & Gradinaru, G. (2023). Green entrepreneurship in challenging times: a quantitative approach for European countries. Economic research-Ekonomska istraživanja, vol. 36, no 1, pp. 1828-1847.

Santarius, T., Pohl, J. & Lange, S. (2020). Digitalization and the Decoupling Debate: Can ICT Help to Reduce Environmental Impacts While the Economy Keeps Growing?. Sustainability, Vol.12(18), pp. 74-96. DOI https://doi.org/10.3390/su12187496

Jalsenjak, B. (2023). Principle of Subsidiarity. Encyclopedia of Sustainable Management. Springer International Publishing, pp. 2668-2669.

Brocca, M. (2023). Notes on environmental subsidiarity. Società e diritti, Vol. 8, Issue 16, pp. 164-170.

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Published
2025-02-24
How to Cite
Maksymova, I. (2025). STRATEGIC PARTNERSHIP IN SUSTAINABLE DEVELOPMENT PROJECTS IN THE CONTEXT OF DIGITAL TRANSFORMATION AND CLIMATE CHANGE. Economy and Society, (72). Retrieved from https://economyandsociety.in.ua/index.php/journal/article/view/5740
Section
INTERNATIONAL ECONOMIC RELATIONS