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Sustainable Development Based On Eco-Innovation

Author

Listed:
  • Madalina ALBU

    (Petroleum-Gas University of Ploiesti, Faculty of Economic Sciences, Romania)

Abstract

Creating and maintaining a stable balance between economic development and resource use, the domain of the major objective, unanimously accepted, of sustainable development. In this context, all stakeholders, openly from entrepreneurs, decision makers and all members of the communities, must make sustained efforts to implement the specific tools. The role of entrepreneurs who approach "green" business is to develop sustainable products and services that protect the environment. This is possible to depart from eco-innovation. The concept of eco-innovation defines that process through which modern, innovative processes are developed, implemented and maintained, with the aim of protecting the environment. The definition and implementation of a management based on the concept of eco-innovation, the circumstance of a modern entrepreneurial desire. This paper proposes to present relevant aspects of the implementation of the concept of eco-innovation in sustainable development.

Suggested Citation

  • Madalina ALBU, 2024. "Sustainable Development Based On Eco-Innovation," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 9(2), pages 73-79.
    • Handle: RePEc:brc:brccej:v:9:y:2024:i:2:p:73-79
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    Keywords

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    JEL classification:

    • 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
    • O35 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Social Innovation
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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