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Eco-Innovation Performance of Lithuania in the Context of European Environmental Policy: Eco-Innovation Indicators and Efficiency

Author

Listed:
  • Bahman Peyravi

    (Faculty of Business Management, Vilnius Gedimino Technical University, Sauletekio al. 11, 10223 Vilnius, Lithuania)

  • Kęstutis Peleckis

    (Faculty of Business Management, Vilnius Gedimino Technical University, Sauletekio al. 11, 10223 Vilnius, Lithuania)

  • Artūras Jakubavičius

    (Faculty of Business Management, Vilnius Gedimino Technical University, Sauletekio al. 11, 10223 Vilnius, Lithuania)

Abstract

The European Union (EU) has made eco-innovation and green technology a priority as they are essential to the continent’s long-term prosperity. To move towards sustainable economic growth, eco-innovation takes a significant role in the transition process. The aim of the article is to use the eco-innovation indicators as an instrument to measure the eco-innovation performance of Lithuania in the context of the EU Green Deal in order to analyze and assess the components and indicators of the eco-innovation index for Lithuania. Following the aim of the article, a set of research hypotheses will be formulated. The evaluation of eco-innovation indicators in Lithuania relative to EU countries using Eco-IS indicators, determination of eco-innovation efficiency using the Decision-Making Trial and Evaluation Laboratory (DEMATEL) method, and identification of necessary eco-innovation policies for sustainable growth are the objectives of this paper. The research results present the positive impact of eco-innovation activities in the EU on Lithuania, and vice versa. Lithuania was affected positively by eco-innovation activities of other EU nations. The outcome of the study indicates its relevance by highlighting Lithuania’s position among the lowest countries in terms of eco-innovation adoption, hence new research pathways for the creation and implementation of policies to solve the current situation are provided.

Suggested Citation

  • Bahman Peyravi & Kęstutis Peleckis & Artūras Jakubavičius, 2023. "Eco-Innovation Performance of Lithuania in the Context of European Environmental Policy: Eco-Innovation Indicators and Efficiency," Sustainability, MDPI, vol. 15(4), pages 1-18, February.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:4:p:3139-:d:1062428
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    References listed on IDEAS

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