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Eco-innovative Sustainable Investments and a Potential of Environmental Insurance

Author

Listed:
  • Małgorzata Rutkowska
  • Anna Kowalska-Pyzalska
  • Nina Szczygieł

Abstract

In recent decades, the importance of sustainable development has been growing considerably as a premise for economic growth, evolution of societies within the rational use and protection of the environment. In the background of sustainable development, the eco-innovation market emerges to riposte a negative impact of human activity on the environment, making, for this purpose, use of innovative methods and technologies. The eco-innovation market in Poland is still in its development phase, but it is expected to expand due to the system of political and regulatory initiatives, as well as the current financial initiatives. Environmental investments, including those innovative ones, comprise, among others, renewable energy sources (RES). In the world of emerging technologies, one cannot forget they carry risks above mere advantages. This paper addresses a new product on the insurance market, the environmental insurance, presenting its potentialities for eco-innovation projects.

Suggested Citation

  • Małgorzata Rutkowska & Anna Kowalska-Pyzalska & Nina Szczygieł, 2016. "Eco-innovative Sustainable Investments and a Potential of Environmental Insurance," WORking papers in Management Science (WORMS) WORMS/16/01, Department of Operations Research and Business Intelligence, Wroclaw University of Science and Technology.
    • Handle: RePEc:ahh:wpaper:worms1601
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    File URL: https://worms.pwr.edu.pl/RePEc/ahh/wpaper/WORMS_16_01.pdf
    File Function: Final version, 2019
    Download Restriction: no
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    More about this item

    Keywords

    Innovations; Sustainable development; Renewable energy sources (RES); Environmental insurances;
    All these keywords.

    JEL classification:

    • G52 - Financial Economics - - Household Finance - - - Insurance
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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