Abstract

Research background: Problematic of sustainable consumption and production is a broad conception that is integrating application of advanced methods and techniques of business management, in all areas, including eco-design and innovation, sustainable marketing, risk management and strategic management with a focus on sustainable development for the environment. The European Union has established numerous strategies to support it, the success of which depends on building a sufficient awareness and above all the involvement of all countries in the process of improving the environmental performance of products throughout their life cycle. Building of sustainable consumption and production on the widest scale is influenced by the social and economic dimension, which awareness and understanding makes it possible to encourage and motivate to socially responsible behaviour. In order to face the current challenges, it is essential to change the way we produce and consume. Purpose of the article: Analyse the financial and economic parameters of selected sectors in dependence on the fulfilment of selected indicators that are measuring progress in sustainable consumption and production in Slovakia in comparison with other EU countries Methods: Time series analysis, spatial analysis. Findings & Value added: Systematizing the ways to measure progress in achieving sustainable consumption and production with regards to defined indicators in strategies, policies and action plans of EU following the structure of national economies.

Highlights

  • Countries are increasingly being faced with the dual challenge of promoting economic growth and addressing climate change

  • Energy intensity of subsectors of the industry sector is expressed as energy demand in kilograms of oil equivalent (KgOE) per 1000€ generated value added at factor cost

  • In order to evaluate the energy intensities of individual economic activities of the Slovak economy, we compared the calculated values with other V4 countries and with the European Union (EU) - 27 countries from 2020

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Summary

Introduction

Countries are increasingly being faced with the dual challenge of promoting economic growth and addressing climate change. Sustainable consumption and production have been recognized as an integral part of the Sustainable Development Agenda until 2030. It is identified separately as objective number. To this end, two viable strategies exist: energy efficiency and material efficiency. Despite the inherent interdependence of energy and materials in industrial processes, policy and industry treat these two strategies as isolated pursuits, which provide only a partial insight into potential gains from resource efficiency [2]

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