Overall, Greece has an average performance in air quality, fish stocks, and GHG emissions intensity. While on the other end, Greece suffers from air emissions from transportation, water resources, issues in biodiversity and marine life, and coastal zones.
Greece is getting closer to the EU average. There are five components to the Eco-IS composite index which include: eco-innovation inputs, eco-innovation activities, eco-innovation outputs, resource efficiency outcomes, and socio-economic outcomes. Greece is currently behind in eco-innovation inputs, resource efficiency outcomes, and socio-economic outputs.
Eco-innovation input for Greece is 79 where the average is 100. There are not very many R&D personnel and researchers working in Greece. Most of these workers are at universities or research centers. Greece once again scored below the EU average for eco-innovation activities. In 2017 Greece had fewer small and medium enterprises that has sustainable products than the EU average. Greece actually scored well for eco-innovation outputs. Apparently, Greece was one of Europe’s leaders in eco-innovation-related media coverage. The reading states, “The environmental outcome component is based on combined national statistics on domestic material productivity, domestic water productivity, inland energy productivity, and GHG emissions intensity”(11). Greece scored 53 outcomes out of 100. For energy productivity Greece was close to the EU average. For socioeconomic outcomes, Greece is one of the lowest-scoring countries.
There were efforts to input eco-innovations into the construction sector, but they were slowed down. Due to the economic issues in Greece, many companies focused and explored opportunities in fulfilling their customer’s needs focusing on solar cells that can be used in windows, and other products. This technology is being supported by the government because of its energy efficiency and saving energy. There has been growth in solar energy in Greece. Along with that, there have been several energy-related research programs. Funds are being used to focus on green growth and antipollution technology.
Greece has multiple barriers with politics, institutions, culture, society, and economy that are preventing them to develop with eco-innovation. Because of the economy companies have been focusing on low-risk investments with short-term returns rather than high-risk and high returns that have longer periods and are knowledge focused. Smaller companies can be more flexible and adapting innovation opportunities. Another barrier Greece faces is education. Their high school performance is considered weak. Because of this, there are not many people graduating with doctorates or going into research. Greece has to focus on external funding for research.
Greece keeps focusing on renewable energy and other aspects of energy. They’re also focusing on waste management. These things can promote eco-innovation.