Q55 - Environmental Economics: Technological InnovationReturn

The textile industry is associated with negative environmental impacts due to the constant use of pesticides and polluting dyes, excessive use of water and electricity, and the release of emissions and polluting fumes into the atmosphere. Textile waste ends up in landfills or is incinerated, which posing a risk of soil, watercourses and air pollution. The increasing amount of textile waste and the lack of technologies for its recycling lead textile companies to seek alternative options for managing this type of waste and to the inevitable implementation of a circular economy. This article highlights the impacts of fast fashion and based on the results of primary research presents recommendations and possible solutions for managing the circular economy in a specific industrial enterprise.

The following work should briefly outline environmental conditions for innovative entrepreneurs and start-ups in an area of information and telecommunication technologies, conditions in the Czech Republic and present research of the effect of subsidies on innovative companies and innovation results. Although some studies show correlations among subsidies in ICT, innovations and economic growth, it is usually reflected only in some industry sectors and in some stage of economy evolution. Or there is a correlation only if there are also other fulfilled conditions as investments into human resources. In general, studies mostly yield evidence of strong positive correlations between ICT areas and economic growth in modern economies as it participates in the reduction of transaction costs, increases production factor productivity and creates completely new solutions for current problems.