Innovation for the green transition: challenges and future perspectives
File(s)
Published version
Author(s)
Demirel, Pelin
Martinez-Ros, Ester
Quatraro, Francesco
Type
Journal Article
Abstract
This paper explores eco-innovations as the key enabler of green transition and the main response to the climate change risks that firms increasingly face in all sectors. Taking a systems perspective and focusing on the barriers to eco-innovation, we discuss the most promising economic levers that could be engaged to accelerate eco-innovations and the green transition. We emphasise the complex and crucial roles in green transition played by policy-making and firm governance practices, firms’ sustainability-oriented and digitalisation capabilities as well as the need for extensive collaborations within and across firms. We bridge the literatures around climate change risks, firm capabilities and environmental policy to present a holistic reflection of what eco-innovations need to encompass in order to serve the green transition.
Date Issued
2025-09-01
Date Acceptance
2025-09-09
Citation
Eurasian Business Review, 2025, 15 (3), pp.631-645
ISSN
2147-4281
Publisher
Springer
Start Page
631
End Page
645
Journal / Book Title
Eurasian Business Review
Volume
15
Issue
3
Copyright Statement
© The Author(s) 2025 Open Access This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article’s Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article’s Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/.
License URL
Subjects
Business
Business & Economics
CAPABILITIES
Climate change risks
DETERMINANTS
Eco-innovation
ECO-INNOVATION
Economics
ECONOMY
ENVIRONMENT
Firm capabilities
Green skills
Green transition
L2
L5
Management
MANAGEMENT
PERFORMANCE
Q5
RESOURCE-BASED VIEW
Social Sciences
STRATEGIES
TECHNOLOGIES
Publication Status
Published
Date Publish Online
2025-10-03