Green shipping effect on sustainable economy and environmental performance

Abstract

This paper focuses on green shipping and its’ influence on the sustainable economy and environmental performance. Based on the green shipping approach, this empirical study examines a survey sample of 193 responses from Portuguese and Spanish executive managers and uses exploratory factor analysis and structural equation model. The Green shipping approach supports the green theory. The results show the importance of green efficiency, green management, and pollution impact. The confirmation of the sizeable influence of green shipping on the sustainable economy and environmental performance constructs constitutes a major contribution to the literature. Green management and green efficiency contribute to controlling the impact of pollution with practical effects on economic sustainability. Another contribution arises from the fact that tax and financial incentives and environmental sustainability regulations indicate the relevance of the pollution impact and sustainable economy.