Influence of Environmental Innovation on Ecological Productivity

Анотація

Purpose: This research aims to analyse the potential of advanced environmental technologies and innovations to improve ecological productivity. Design/Methodology/Approach: The study is theoretical. The methods of generalisation, comparison, systematisation, abstraction, analysis, synthesis, and concretisation were used at the theoretical level. Research Limitation/Implications: The mechanisms for ensuring sustainable development through implementing environmental innovation activities were analysed. The essence of environmental innovations was identified, and trends in their implementation were revealed. Findings: The activities of Ukrainian business entities are currently characterised by low innovation activity. Environmental innovations contribute to increasing environmental productivity through an effective coordinated vector of activities aimed at developing green energy. Social Implication: The potential of economic stimulation and business motivation to transition to renewable energy sources to reduce emissions and increase climate resilience was identified. Practical Implication: The research results' practical importance lies in their applicability to optimise Ukraine’s socio-economic development by implementing sustainable climate policies and preventive environmental conservation measures. Originality/ Value: The research process has highlighted the significance of reducing the use of exhaustible resources and minimising emissions into the atmosphere to alleviate anthropogenic pressure on the environment.

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