Transition to a low carbon economy: an SME perspective.

Abstract

This chapter provides in-depth insights into small and medium-sized enterprises’ (SMEs) organisational practices and strategies in the context of the transition to a low carbon economy. The focus is drawn towards the importance of SMEs’ role in the development of markets for low carbon products and services as well as their contributions towards a decarbonised economy (DECC 2008, 2011, 2013). A range of case studies presented in the chapter illustrates strategies adopted by SMEs towards achieving advantage in their respective industries through green and/or low carbon innovation and organisational practices towards sustainability. The chapter explores the complexity of challenges and opportunities presented by the transition to a low carbon economy in the UK and internationally. The chapter concludes by developing a range of recommendations towards strengthening SMEs' potential to ensure their competitiveness and their continuous pivotal role as an economic and social force in transition towards a low carbon economy.