Innovative development within the framework of sustainable development: finding a balance between economic efficiency and environmental sustainability
DOI:
https://doi.org/10.58423/2786-6742/2023-4-653-665Keywords:
innovative development, sustainable development, economic efficiency, ecological sustainabilityAbstract
This study stands out for its particular relevance in the context of contemporary challenges, as it is dedicated to addressing complex issues of innovative development amidst a growing demand for sustainability across all sectors of society. The article explores the intersection of innovative and sustainable development, focusing on the imperative to strike a balance between economic efficiency and ecological resilience. Within the framework of general information about innovative and sustainable development, it identifies a problem that demands attention, namely the resolution of conflicts between economic and environmental goals. The significance of innovations for sustainable development is examined, discussing their role in the modern economy and the advantages they offer for achieving sustainability. Challenges and risks of innovative development are investigated through an analysis of economic benefits and potential negative ecological impacts, emphasizing the necessity of effective risk management and the minimization of adverse consequences. The article proposes principles for finding an optimal balance between economic and environmental indicators and explores the role of regulatory mechanisms and standards in achieving this equilibrium. Practical aspects of innovations for sustainable development are examined through examples of successful innovations geared towards sustainability and the implementation of renewable energy sources and environmentally friendly technologies. A dedicated section of the work sheds light on the social impact of innovative development, including the creation of new jobs and social benefits, underscoring the importance of ensuring equal access to innovations for all segments of society. The research makes a substantial contribution to understanding the interconnection between innovations and sustainable development. It offers specific directions for further research while leaving unresolved aspects for future scientific reflections. By addressing issues of sustainable development within the context of innovations, this study is oriented towards acknowledging contemporary realities and goes beyond traditional approaches, making it particularly relevant for the modern scientific and practical community.
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