Eco-innovations for a circular economy: the EU countries rankings

Konstantin G Gomonov,V.M Matyushok

doi:10.1051/shsconf/202111401012

Konstantin G Gomonov, V.M Matyushok

Open Access

https://doi.org/10.1051/shsconf/202111401012

Copy DOI

Abstract

This article reveals the importance of implementing eco-innovation for the circular economy and sustainable development. The author provides different approaches to measuring the level of development of eco-innovation in the countries of the European Union. The two main indices for measuring eco-innovation are revealed in more detail. Described the pillars of each of the indices. Clustering of EU countries was carried out using the k-means method and groups of countries were identified by the level of implementation of eco-innovation. The clear leaders are Denmark, Sweden. Bulgaria, Cyprus, Poland are catching-up countries.

Highlights

In most developed countries, the government direction of development is associated with the formation of a "green" economy and the concept of sustainable development
Based on the research done to date, the types of innovation that need to be considered when measuring eco-innovation are as follows: Product Innovation, Process Innovation, Marketing Innovation, Organizational Innovation, Material Flow Innovation, and Social Innovation [7,8]
The study showed that the k-means algorithm allows to divide all countries of the training sample (EU countries) into several clusters, differing in the level of development of ecoinnovations according to two complex indices

Summary

Introduction

In most developed countries, the government direction of development is associated with the formation of a "green" economy and the concept of sustainable development. This concept is based on a harmonious combination of environmental, economic and social factors. The renewal of natural resources is hindered by a significant increase in production and consumption of products. This leads to tangible signs of an environmental crisis, such as environmental pollution, climate change and an increase in the frequency of natural and man-made disasters [1]

Objectives

Methods

Results

Conclusion