Smart city (hereinafter SC) development (i.e., smartization and improved efficiency in the management of utilities such as electricity, gas, water, waste, and transportation) presently represents one of the most prominent terms in city development. The concept is often understood to be a panacea for the pressing global issues and sources of inefficiency (e.g., growing energy consumption, scarce natural resources, waste management issues, rapid urbanization, industrial pollution, endangered biodiversity, and traffic problems). The concept has recently been discussed widely in developed countries within the context of green innovation, green economies, and the green new deal.