Innovative Component of Economic Development

The article is devoted to the assessment of potential for innovation in Ukraine and its condition comparing with others countries`. Author identifies and classifies main problems that negatively influences on innovation development of Ukraine. The features and interlink of the main factors of ecologicallyfocu economic development and green innovations are investigated and presented in the cognitive model. Formalization the causal links between industrial development and green innovations is the basis for the study of mechanisms of their interaction and the drawingup of appropriate instruments of sustainable development. It is proposed the specific priorities and measures to stimulate 'green' innovation development at three levels - macro, mesoand microlevel.