Ecological risks and innovative‑investment projects

Abstract

Market competition is becoming fercer all around the world and countries pay considerable attention to their innovativeinvestment environment. Rapid global economic development and infnite resource extraction have damaged the environment and the harmful environmental efect has become increasingly signifcant. Thus, technological innovation occupies an important place in the discussion of developmental issues. Previous studies on innovative projects were focused largely on how technological innovations allow us to prevent fnancial risks and enter the market. However, it is necessary to pay attention to environmental risks arising from successful technological innovations. Thus, this study focused on the nexus between ecological risks and innovative investment. Specifcally, the study considers the environmental risks of innovation. The fndings reveal that investment in innovations and environmental protection measures can be carried out simultaneously for both ecological and economic targets. To control and prevent environmental risks of technological innovations, there should be a shift from industrial technological innovations to environmental technological innovations to achieve the unity of economic benefts and environmental interests. Such an approach preserves social and public interests and ensures sustainable development.