Measuring Sustainable Future for Asia and Europe
Inclusive index embracing the aspects of SMEs and developing countries in Asia and Europe
The ASEM Eco-Innovation Index(ASEI) aims to develop as an international tool to quantitatively and qualitatively measure the level and status of eco-innovation of ASEM member countries. ASEI expects to promote eco-innovation at regional and global level creating an active stage of communication between Europe and Asia, and as a result, encourage governments to enhance their eco-innovation related policies and regulations.
"Eco-innovateon is any form of innovation resulting in or aiming at significant and demonstrable progress towards the goal of sustainable development through reducing impacts on the environment, enhancing resilience to environmental pressures, or achieving more efficient and responsible use of natural resources."
- European Commission Eco-Innovation Action Plan 2012
Eco-innovation is a "key pre-requisite for sustainable development"* at macro level as it brings positive synergetic effects towards economic, social and environmental conditions of a country. International organizations, research institutes, academia, etc. are continuously emphasizing the importance of eco-innovation, highlighting the role of public and private sector to create enabling conditions.
* The Future of Eco-Innovation: The Role of Business Models in Green Transformation, OECD, 2011