Eco-innovations for a circular economy: the EU countries rankings

Abstract

This article reveals the importance of implementing eco-innovation for the circular economy and sustainable development. The author provides different approaches to measuring the level of development of eco-innovation in the countries of the European Union. The two main indices for measuring eco-innovation are revealed in more detail. Described the pillars of each of the indices. Clustering of EU countries was carried out using the k-means method and groups of countries were identified by the level of implementation of eco-innovation. The clear leaders are Denmark, Sweden. Bulgaria, Cyprus, Poland are catching-up countries.