The Eco-Innovation Challenge

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The Eco-Innovation Challenge

Ireland

Italy

Latvia

Lithuania

Luxemburg

Malta

Netherlands

Eco-innovation drivers in sectors according to EB2011

Drivers Barriers

• Tax /penalties prompted waste minimisation

& material recovery

• Potential economic benefits

• Public incentives mechanisms and funding

• Internationalisation

• Good examples in the media

• National state and EU funding

• Direct financial support and economic

incentive mechanisms

• Progressing innovation policy mix

• A strong set of national environmental and

innovation laws and standards

• Societal challenges (population growth,

cross-border traffic, strict EU standards)

Economic diversification strategy

• Lack of natural resources

• High environmental pressure (featured for

small island economies)

• Growing transparency, flexibility and

stringency of environmental regulation

• Potential economic benefits

• Strict regulatory and policy framework &

standards

• Limited natural resources and growing

prices for NR

• Growing image of green companies and

green products

eco-innovation

observatory

• Regulatory and planning barriers

• Green public procurement is well behind EU

leaders

• Lack of access to ‘green’ finance (incl. VC)

• Low cultural awareness and readiness for

eco-innovation

• Start-up difficulties (costs, taxes, lengthy

bureaucracy, rigid market)

• Exclusion of the 'naturally' most innovative

(young citizens) from the innovation process

• Weak involvement of private businesses

and lack of entrepreneurship

• Weak R&D

• Lack of policy on eco-innovation

Economic crisis related finance cuts for

innovation

• Lack of understanding of environmental

problems by many SMEs

• Limited external financial support for R&D

• Weak links between research and industry

actors

• Small and open economy depending

on cooperation and interaction with its

neighbours

• Immaturity of eco-innovation technologies

and sectors

• Lack of industry-research collaboration

• Immature innovation system

• Lack of human resources in new sectors

• Difficulties in translation of R&D into

business (lack of entrepreneurial spirit, risks

seen by VC investors)

• Cultural barriers such as the aversion to

risk, growing climate scepticism, growth VS

environment conflict, mental fatigue with

env. issues

Annual Report 2010

107

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