சுற்றுச்சூழல் பகுப்பாய்வு வேதியியல் இதழ்

Evidence from Companies on the Heterogeneous Effects on Environmental Innovation

Abstract

Russhel Ran

In an era marked by growing environmental concerns and the urgent need for sustainable practices, environmental innovation has become a critical area of focus for businesses worldwide. Companies are increasingly recognizing the importance of incorporating environmentally friendly practices and technologies into their operations, not only to mitigate their impact on the planet but also to gain a competitive edge in the market. This essay explores the heterogeneous effects of environmental innovation across companies, shedding light on the various ways in which businesses contribute to, and benefit from, environmentally sustainable practices. Environmental innovation refers to the development and implementation of new products, services, processes, or business models with the primary goal of reducing environmental harm or improving sustainability. It encompasses a wide range of activities, from the adoption of cleaner production techniques to the creation of eco-friendly products and the utilization of renewable energy sources. Environmental innovation has gained prominence due to increasing regulatory pressures, consumer demands for sustainable products, and the growing recognition of environmental issues such as climate change, resource depletion, and pollution.