Socio-economic outcomes

Socio-economic outcomes of eco-innovation include both the benefits and disadvantages of eco-innovation activities. This can include jobs created or eliminated, changes in competitiveness, as well as turnover, revenues, profits and expenses of companies.

Eco-Innovation Socio-Economic Outcomes Composite Member State Ranking, 2010-2017
Correlaton between employment and revenues in eco-nnovation and circular economy industries, EU28

Datasource: EIO calculation based on ORBIS database

How do employment numbers correlate withe the revenues generated by the eco-industries?

Higher employment in eco-innovation and circular economy industries largely correlates with the higher revenues in this sector across EU countries.

Share of environmenta goods and services in total trade in EU28 2012-2013

Source: Eurostat (2016)

How do EU Member States perform regarding the export of environmental goods and services (EGS)? Which countries have the highest shares of EGS on total exports?

The share of EGS on total trade differ significantly across the EU Member States. While Germany has a high share of ESG export on total trade with 1,2%, Cyprus and Malta have only very small proportions on environmental goods and service of total trade (0,08% or 0,1%). Remarkable is the high variations between the years in some countries such as in Luxembourg or the Netherlands.

Aggregated revenues from eco-innovation and circular economy activities in the main World regions, billion USD

Datasource: EIO calculation based on ORBIS database

How big the eco-innovation and circualr economy industries in different regions of the World?

Europe host the largest (in terms of revenues) eco-innovation and circular economy industry, followed by Asia & Oceania region and North America.

Top 15 countries with the largest number of people employment in eco-innovation and circular economy activities, Mln people, 2014

Datasource: EIO calculation based on ORBIS database

Which countries have the largest workforce involved in eco-innovation and circualr economy industries ?

Brazil has the largest workforce involved in eco-innovation and circular economy industries, followed by Russia, France and United States.

  • The 2011 annual report of the Eco Innovation Observatory, 'Closing The Eco-Innovation Gap - An economic opportunity for business' looks at evidence of the economic benefits from eco-innovation. It argues that eco-innovation in European companies is an opportunity for strategic investment rather than only seeking regulatory compliance. Importantly, changes introduced by companies have the potential to become one of drivers of the systemic change needed to meet the EU’s vision of a sustainable economy., www.eco-innovation.eu/reports
  • Ellen MacArthur Foundation reports “Towards the Circular Economy “. Using product case studies and economy-wide analysis, this report details the potential for significant benefits across the EU and UK. It argues that a subset of the EU manufacturing sector could realise net materials cost savings worth up to $ 630 billion p.a. towards 2025—stimulating economic activity in the areas of product development, remanufacturing and refurbishment. They also show estimates of economic benefits of circularity measures in several industries. http://www.ellenmacarthurfoundation.org/business/reports
  • A research study by WRAP and the Green Alliance shows that improving our resource efficiency can make a valuable contribution to improving Britain’s labour market situationhttp://www.wrap.org.uk/content/employment-and-circular-economy
  • Greening industries and creating jobs, a study by the European Trade Union Institute (ETUI) https://www.etui.org/Publications2/Books/Greening-industries-and-creatin...
  • Cycling can create at least 76 600 jobs and save 10 000 lives every year in major European cities, http://www.euro.who.int/en/media-centre/sections/press-releases/2014/cyc...