Industry 5.0 transition offers a crucial turning point for integrating green technologies, driving carbon neutrality and reconciling productivity with environmental responsibility.
Authors
Karambir Singh Dhayal, Department of Economics and Finance, Birla Institute of Technology and Science – Pilani Campus, Pilani, India
Arun Kumar Giri, Department of Economics and Finance, Birla Institute of Technology and Science – Pilani Campus, Pilani, India
Rohit Agrawal, Department of Operations Management and Quantitative Techniques, Indian Institute of Management Bodh Gaya, Bodh Gaya, India
Shruti Agrawal, Department of Humanities and Social Sciences, Malaviya National Institute of Technology Jaipur, Jaipur, India
Ashutosh Samadhiya, Assistant Professor, Jindal Global Business School, O.P. Jindal Global University, Sonipat, India
Anil Kumar, London Metropolitan University, London, UK
Summary
Purpose: Industries have been the most significant contributor to carbon emissions since the beginning of the Industrial Revolution. The transition to Industry 5.0 (I5.0) marks a pivotal moment in the industrial revolution, which aims to reconcile productivity with environmental responsibility. As concerns about the decline of environmental quality increase and the demand for sustainable industrial methods intensifies, experts recognize the shift toward the I5.0 transition as a crucial turning point.
Design/methodology/approach: This review study explores the convergence of green technological advancements with the evolving landscape of I5.0, thereby presenting a roadmap toward carbon neutrality. Through an extensive analysis of literature spanning from 2012 to 2024, sourced from the Scopus database, the research study unravels the transformative potential of green technological innovations, artificial intelligence, green supply chain management and the metaverse.
Findings: The findings underscore the urgent imperative of integrating green technologies into the fabric of I5.0, highlighting the opportunities and challenges inherent in this endeavor. Furthermore, the study provides insights tailored for policymakers, regulators, researchers and environmental stakeholders, fostering informed decision-making toward a carbon-neutral future.
Originality/value: This review serves as a call to action, urging collective efforts to harness innovation for the betterment of industry and the environment.
Published in: Benchmarking
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