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Assessment of the Innovative Potential of Alternative Energy in the Context of the Transition to the Circular Economy.

Authors :
Zaytsev, Andrey
Dmitriev, Nikolay
Rodionov, Dmitriy
Magradze, Tengiz
Source :
International Journal of Technology; 2021, Vol. 12 Issue 7, p1328-1338, 11p
Publication Year :
2021

Abstract

The purpose of this article is to consider the innovative potential of alternative energy at the level of an economic entity in the context of increasing the global significance of the transition to the circular economy. The authors consider the conceptual provisions of the circular economy and the place of alternative energy in it, as well as justify the possibility of increasing the level of innovation through the implementation of "clean" energy development programs. As an assessment of the innovative potential of alternative energy at the level of an economic entity, the authors propose an integral model that takes into account the specified parameters of innovation. To adapt the idea, the authors chose the enterprise management level, since it is at this level that the greatest innovative activity which can affect the diffusion of "circular" innovations is manifested. The article proposes to analyze the economic entities who implement recycling for the further production of energy resources. For the parametric integral assessment, the weighting coefficients of the key performance indicators were set. The analysis of the number of companies revealed a strong correlation between the integral indicator of innovation potential and the level of circular energy efficiency. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
20869614
Volume :
12
Issue :
7
Database :
Complementary Index
Journal :
International Journal of Technology
Publication Type :
Academic Journal
Accession number :
154383914
Full Text :
https://doi.org/10.14716/ijtech.v12i7.5357