Graphic model for evaluating the competitiveness and eco-efficiency of eco-innovative projects

Abstract

Eco-innovation describes the creation of novel and competitively priced goods, processes, systems, services, policies, and procedures that satisfy human needs and improve the quality of life while ensuring sustainable development with minimal use of natural resources and minimal release of toxic substances. This article delves into one of the most pressing problems in improving the assessment of eco-innovative projects meant to effect sustainable development. The article also proposes new criteria for evaluating eco-innovation projects. The purpose is to develop and propose a graphic model by which to assess the innovativeness, competitiveness, and eco-efficiency of eco-innovation projects. In the development of this method, experts applied a methodological approach based on an assessment of the indicators of the innovativeness, competitiveness, and eco-efficiency of an eco-innovation project through the associated construction of a graphic model with indicators divided into nine sectors.