The dynamics of green supply chain management within the framework of renewable energy

This study provides an overview of green supply chain management (GSCM) in the context of renewable energy sources. Thus, it establishes a green management standard with GSCM that companies can adopt. The environmental, economic, and social components determine the concept of GSCM. However, the development and commercialization of renewable energy and sustainable manufacturing practices play a fundamental role in shaping the traditional supply chain management (SCM) and business models. GSCM means that firms and organizations must balance economic and environmental performance to stay competitive, and conform with regulatory and community pressures. This has forced enterprises to design and implement strategies such as eco‐efficiency, greener production, and cleaner environmental practices, for green management practices, which aim at reducing the environmental impacts of their operations. This study further highlights insights needed to significantly improve performance and overcome barriers to the development of renewable energy green supply chain management (REGSCM). It also presents useful techniques by outlining better control chain costs to make renewable energy more affordable and efficient, and a new conceptual model that is mainly grounded within the network of distributed energy systems in the context of GSCM. This concept allows renewable energy producers to sell their surplus electricity based on a peer‐to‐peer (P2P) network or sell directly via the general market. Specifically, this model brings to bear the linkages to the creation of value by firms.