Green Project Assessment within the Advanced Innovative Development Concept

• Shkola, Viktoriia ^[1] ; Prokopenko, Olha ^[3] ; Stoyka, Andriy ^[2] ; Nersesov, Vadym ^[2] ; Sapiński, Aleksander ^[4]
  1. [1] Sumy State University

     Sumy State University

     Ucrania

     
  2. [2] Donetsk State University of Management

     Donetsk State University of Management

     Ucrania

     
  3. [3] Department of Economics, COLLEGIUM MAZOVIA INNOVATIVE UNIVERSITY SIEDLCE, POLAND; TEADMUS OÜ, TALLINN
  4. [4] Department of Law and Social Science, Bielsko-Biała School of Finances and Law, Bielsko-Biala

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• Localización: Estudios de economía aplicada, ISSN 1133-3197, ISSN-e 1697-5731, Vol. 39, Nº Extra 5, 2021 (Ejemplar dedicado a: Special Issue Innovation in the Economy and Society of the Digital Age)
• Idioma: inglés
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  • Objective: The article's objective is to develop scientific and methodical grounds to assess the green project within the advanced innovative development concept to deliver EU Environmental policy.Research Design & Methods: The most relevant for our aim are the sustainable development concept and the advanced innovative development concept. We used a broad literature review.Findings: The proposed approach is derived from the sustainable development concept and the advanced innovative development concept. It includes four types of projects: green projects, environmentally destructive projects, environmentally neutral projects, mixed ones. The sustainability index, recilience inxex, risks, including country risk, is calculated to enhance assessment accuracy.Implications & Recommendations: theoretical and methodic approach, improved by authors, to control innovative activity ecologization, based on EECI forecasts, allows stakeholders to reduce a risk of the innovative project and increase the assessment accuracy at its starting stages, enabling the increase of the strategic managerial decisions quality and, thereby, the environmental and economic security of stakeholders.Contribution & Value Added: The connection of three perspectives – economic, environmental and social – will capture the complexities of project management-oriented to advanced innovative development within the concept of sustainable development.