Eco-innovation and Sustainable Development

Silvana Ilic


Megatrend University Belgrade, Faculty of Management in Zajecar, Park šumakraljevicab.b., 19000 Zajecar, Serbia (Serbia)
https://orcid.org/0000-0003-0634-5029

Tanja Petrovic


Megatrend University Belgrade, Faculty of Management in Zajecar, Park šumakraljevicab.b., 19000 Zajecar, Serbia (Serbia)
https://orcid.org/0000-0002-8226-117X

Gordana Djukic

gordanadkc048@gmail.com
University of Belgrade, Faculty of Economics, Kamenička 6,11000 Belgrade, Serbia (Serbia)
https://orcid.org/0000-0001-5419-0725

Abstract

The paper aims to encourage the creation of innovation policy by individual states and state institutions, management of companies in the energy sector, with the synergy of national and interstate institutions, to apply an integrative approach to eco-innovation. The purpose of this paper is to expand the existing potential for the development of eco-innovation in the business sector and industrial enterprises. The method used is based on the descriptive method, synthesis, and analysis of data collected by international organizations, as well based on research in academic circles. Appropriate incentives from governments to innovate green business models, to reduce greenhouse gas emissions (GHG), would ensure a higher level of environmental quality,  adequate quality of life for all people, and a greener future. To achieve the goals, future directions of development should be focused on the development of technology and knowledge, with an adequate policy of creating a green strategy for decarbonization and sustainable development.


Keywords:

eco-innovation, GHG, sustainable development, green energy, natural environment

AL-AJLANI H., CVIJANOVIĆ V., ES-SADKIX N., MÜLLER V., 2021, EU Eco-Innovation Index 2021: 1-2.
  Google Scholar

BOSSILE M. B., BARCELLOS M. D. De, VIEIRA, L. M., SAUVEE L., 2016, The drivers for adoption of ecoinnovation, Journal of Cleaner Production, 113: 861-872.
DOI: https://doi.org/10.1016/j.jclepro.2015.11.033   Google Scholar

CAI W., ZHOU X., 2014, On the drivers of eco-innovation: empirical evidence from China, Journal of Cleaner Production, 79: 239-248.
DOI: https://doi.org/10.1016/j.jclepro.2014.05.035   Google Scholar

CALZA, F., PARMENTOLA A., TUTORE T., 2017, Types of Green Innovations: Ways of Implementation in a NonGreen Industry, Sustainability, 9 (1301):1-16, https://doi.org/10.3390/su9081301.
DOI: https://doi.org/10.3390/su9081301   Google Scholar

CONSTANTINI V., CRESPI F., PALMA A., 2015, Characterizing the policy mix and its impact on eco-innovation in energy-efficient technologies?, SEEDS Working Paper, 11.
  Google Scholar

EIS (European Innovation Scoreboard), 2022, European Commission.
  Google Scholar

FERNANDO Y., WAH W.X., 2017, The impact of eco-innovation drivers on environmental performance: Empirical results from the green technology sector in Malaysia, Sustainable Production and Consumption, 12: 27-43.
DOI: https://doi.org/10.1016/j.spc.2017.05.002   Google Scholar

FLACHENECKER F., KORNEJEW M., LORENZO JANIRI M., 2021, The Effects of publicly supported environmental innovations on firm growth in the European Union, The SEEDS Working Paper Series: 1-29.
DOI: https://doi.org/10.1016/j.jclepro.2022.133429   Google Scholar

HICKS C., DIETMAR R., 2007, Improving cleaner production through the application of environmental management tools in China, Journal of Cleaner Production, 15(5): 395-408.
DOI: https://doi.org/10.1016/j.jclepro.2005.11.008   Google Scholar

JANICKE M., 2013, Accelerators of Global Energy Transition: Horizontal and Vertical Reinforcement in Multi-Level Climate Governance, IASS Working Paper: 1-24.
  Google Scholar

KEMP R., PEARSON T., 2007, Typology of eco-innovation, Project Measuring Eco-innovation: 1-25.
  Google Scholar

KIEFER C. P., GONZÁLEZ P. R. De, CARRILLO-HERMOSILLA. J., 2018, Drivers and barriers of eco-innovation types for sustainable transitions: A quantitative perspective, Business Strategy and Environment, 28: 155-172.
DOI: https://doi.org/10.1002/bse.2246   Google Scholar

MACHIBA T., 2012, The Future of eco-innovation: The Role of Business Models in Green transformation, OECD Background Paper 19, Danish Business Authority, Copenhagen:1-27.
  Google Scholar

MADŽAR L., 2021, Financing innovations in the contemporary world, Revizor, 24 (94): 25-35.
DOI: https://doi.org/10.5937/rev2194025M   Google Scholar

MOMČILOVIĆ P., 2021, Sustainable development for all. Belgrade. Open School, Belgrade, Serbia:1-46.
  Google Scholar

OECD 2009, Sustainable Manufacturing and Eco-Innovation: Framework, Practices and Measurement, Synthesis Report.
  Google Scholar

RAJKOVIĆ D., 2021, Fundamentals of sustainable development, Technical College of Vocational Studies. Kragujevac: 1-249.
  Google Scholar

SOTIRIADIS M., MAGADÁN-DÍAZ M., RIVAS-GARCÍA J., 2018, Drivers of eco-innovation and economic development in the Spanish hospitality industry, MPRA Paper, 99161: 1-10.
  Google Scholar

STAJIĆ L., ĐORĐEVIĆ B., ILIĆ S., BRKIĆ D, 2021, The volatility of natural gas prices - Structural shocks and influencing factors, Revista Internacional de Métodos Numéricos para Cálculo y Diseñoen Ingeniería, 37 (4): 48.
DOI: https://doi.org/10.23967/j.rimni.2021.12.002   Google Scholar

STEPANOVIĆ B., KOKIĆ-ARSIĆ A., 2011, Environmental protection and eco-innovation management system in Energetica d.o.o., FQ Quality Festival, 38th National Conference on Quality of Life: B79-B90.
  Google Scholar

Sustainable Manufacturing and Eco-Innovation framework, practices and measurement (2009). Organization for Economic Co-Operation and Development: 1-38. https://www.oecd.org/innovation/inno/43423689.pdf.
  Google Scholar

TEC (Technology Executive Committee), 2021, Draft technical paper on emerging climate technologies in the energy supply sector, The Virtual meeting, 7-10 September and 13 April, TEC-CTCN:1-55.
  Google Scholar

UDO V., PAWLOWSKI A., 2011, Progress Towards Equitable Sustainable Development – part II: Empirical Exploration, Problemy Ekorozwoju/ Problems of sustainable Development, 6 (2): 33-62.
  Google Scholar

UNEP (United Nations Environment Programme), 2017, Eco-I Manual Eco-innovation implementation process.
  Google Scholar

VICANOVÁ J. H., JAĎUĎOVÁ J., HRONEC M., ROLÍKOVÁ S., 2017, Developing eco-innovation in business practice in Slovakia, Journal of Business Economics and Management, 18(5): 1042.
DOI: https://doi.org/10.3846/16111699.2017.1381146   Google Scholar

YAWSON R. M., 2009, The Ecological System of Innovation: A New Architectural Framework for a Functional Evidence-Based Platform for Science and Innovation Policy, The Future of Innovation,Proceedings of the 20. ISPIM Conference, Vienna.
DOI: https://doi.org/10.2139/ssrn.1417676   Google Scholar

YURDAKU М. and KAZAN H., 2020, Effects of Eco-Innovation on Economic and Environmental Performance: Evidence from Turkey’s Manufacturing Companies, Sustainability, 12 (31678): 1-22.
DOI: https://doi.org/10.3390/su12083167   Google Scholar

Download


Published
2022-07-03

Cited by

Ilic, S., Petrovic, T., & Djukic, G. (2022). Eco-innovation and Sustainable Development. Problemy Ekorozwoju, 17(2), 197–203. https://doi.org/10.35784/pe.2022.2.21

Authors

Silvana Ilic 

Megatrend University Belgrade, Faculty of Management in Zajecar, Park šumakraljevicab.b., 19000 Zajecar, Serbia Serbia
https://orcid.org/0000-0003-0634-5029

Authors

Tanja Petrovic 

Megatrend University Belgrade, Faculty of Management in Zajecar, Park šumakraljevicab.b., 19000 Zajecar, Serbia Serbia
https://orcid.org/0000-0002-8226-117X

Authors

Gordana Djukic 
gordanadkc048@gmail.com
University of Belgrade, Faculty of Economics, Kamenička 6,11000 Belgrade, Serbia Serbia
https://orcid.org/0000-0001-5419-0725

Statistics

Abstract views: 69
PDF downloads: 32