ECO-INNOVATION DEVELOPMENT IN SELECTED EUROPEAN AND ASIAN COUNTRIES: A COMPARATIVE ANALYSIS

The development of eco-innovation is driven by globalisation processes, technological progress and climate change. It is also directly related to the pursuit of sustainable development, as well as to the reduction of negative impacts on the environment and the efficient use of natural resources. Monitoring progress towards sustainable development requires the systematic measurement of eco-innovation. An important theoretical and practical challenge is to develop methods and indicators to measure eco-innovation. Currently, there are different systems for measuring eco-innovation, which makes international comparative analysis difficult. This article aims to conduct a comparative analysis of the development of eco-innovation in selected European and Asian countries. The study uses a critical literature review as well as a comparative analysis and synthesis method based on the ASEM Eco-Innovation Index. The study provides evidence that there are a number of differences in eco-innovation between European and Asian countries. Measuring eco-innovation is particularly important in planning and implementing instruments to stimulate environmental innovation across countries.