Green governance is an emerging field, attracting increasing attention from scholars, and governments have been using a range of policy tools to support the transition to green economy, including regulation; financial incentives; voluntary agreements; fiscal measures; public sector procurement; targeting to the deployment of clean energy technologies. Greece has little experience in developing comprehensive long-term energy and climate strategies; thus, it is imperative that governance and analytical underpinning of long-term energy and climate planning be improved, and investment needs and innovative financing instruments for clean energy technologies analysed. To investigate the critical issue of state and entrepreneurship synergies in the framework of the green economy, the present survey employed a web-based questionnaire distributed to 417 small and medium sized enterprises in Western Macedonia from September to December 2021. Data analysis involved an exploratory factor and logistic regression analysis, creating a statistical model with three independent factors describing basic tools of the green economy. The results showed that, in Greece, state environmental governance is often perceived as inadequate, scarce, or constrained by considerations of economic growth. In addition, the research indicates that government policies with regards to environmental law implementation are mainly restricted to the "command and control" regulatory model, which fails to address green innovation and entrepreneurship and promote synergies between the private sector and the State. The analyses demonstrate that if government revenues are heavily reliant on taxes and fines, their capacity to finance structural adjustment programs can be severely affected, and alternative approaches are necessary to achieve the green growth. Read more