Ecological Innovations in Shaping Sustainable Governance Policies
Volume 43, Issue 2 (2024), pp. 72–82
Pub. online: 11 July 2024
Type: Article
Open Access
Open Access
Published
11 July 2024
11 July 2024
Abstract
Environmental innovations, proposing resource-efficient technological solutions, are gaining increasing significance as factors in
the transition to sustainable development based on efficient governance models. The study explores the concept of environmental
innovations and sustainable governance, setting important sustainable development goals and stricter environmental standards. The
correlation between environmental indicators of European countries and the quality of governance is examined through comprehensive
indices and sociological surveys. The results confirm a moderate positive correlation, indicating the capabilities of capable state
institutions to achieve further progress in ensuring sustainable development indicators, albeit with certain regional variations. To
overcome existing challenges, there is a need to shape a comprehensive state policy that encompasses regulatory incentives and market
mechanisms throughout the innovation cycle. The proposed measures aim to stimulate demand for ‘green’ technologies, reduce
risks for private investment, and create favourable innovative systems. Therefore, the strategic integration of innovations can guide
governance reforms towards ensuring sustainable, inclusive and environmentally friendly development.