Introduction to Eco-Innovation

Eco-innovation, being the development of new products, processes or services that support business growth with a positive environmental impact, is one of the key enabling instruments identified by the European Union for the transition to a more resource efficient economy. It is embedded in the Europe 2020 strategy for supporting sustainable growth. This module will provide several case studies which outline the way in which businesses have applied eco-innovation in practice Students will gain knowledge of the key approaches to, and models of, eco-innovation in a range of business and policy contexts in addition to a reinforced understanding of how innovative ideas can be turned into practical solutions for complex socio-environmental problems, and how different business models and financing approaches can be used to make the solution commercially viable and potentially profitable. 

Students will gain knowledge of eco-innovation and understand how the concept relates to business opportunities for environmental goods and services. In addition, students will gain the knowledge and skillset required to analyse how both small businesses and large global organisations apply eco-innovation into their business planning, whilst

Evaluating business opportunities related to the environment in the context of products and services to address flooding or other complex problems. Students will learn how to create proposals for eco-innovation, and prepare presentations for a panel of experts, and will develop the necessary level of understanding required to analyse technical, financial, and environmental information from a wide range of sources in order to comprehend and evaluate strategies to address complex environment-society problems and challenges.