The New Industrial 4.0 Revolution, Eco-Innovation and the Environmental Approach

Technological progress is the basis for sustainable and inclusive economic development. It is possible to identify several needs to implement sustainable solutions in all sectors of the economy, such as eco-innovation and green jobs or environmental protection. The purpose of the article is to discuss and examine the environmental and business factors for the development of such solutions. A qualitative study was conducted based on a structured literature review to gather information on business ecosystem factors affecting the use of eco-innovation and their impact on sustainable development and transformation towards the green economy. This study will provide a hint for the understanding of business mechanisms of implementing eco-innovation that can allow them to build a sustainable business network. The article uses qualitative methods and contains ideas for future research. A quantitative study can be carried out to develop a business model for the eco-innovation system using inter-organizational network models.