GREEN ECONOMY: ECONOMETRIC ANALYSIS OF THE IMPLEMENTATION OF ECO-INNOVATIONS IN UKRAINE AND THE EU

In the article, the state and dynamics of eco-innovation development in Ukraine and the European Union (EU) countries are examined, focusing on comparing the two regions. In the context of growing environmental challenges, such as climate change, eco-innovations are essential for achieving sustainable development, reducing CO2 emissions, and enhancing economic efficiency. The EU demonstrates a high level of research and development (R&D) investment and a transition to renewable energy sources. In Ukraine, there is a positive trend, although the pace of development is slower. The study conducts a regression analysis to determine the impact of R&D expenditures, the share of renewable energy, and CO2 emission levels on the eco-innovation index, confirming the significance of emission reduction as a key factor in stimulating ecological innovations. The results highlight the need to improve Ukraine’s state policy in the field of ecoinnovations, taking into account the European experience.