SUSTAINABLE DEVELOPMENT BASED ON ECO-INNOVATION

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

Contemporary Economy Journal, 2024, vol. 9, issue 2, 73-79

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.

Keywords: sustainability; social innovations; innovative technologies (search for similar items in EconPapers)
JEL-codes: O32 O35 Q56 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:brc:brccej:v:9:y:2024:i:2:p:73-79

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