10 papers analyzed
Some studies suggest the circular economy is achievable and promotes sustainable development, while other studies highlight challenges and limitations that need to be addressed for it to be fully effective.
5 papers analyzed
The concept of a circular economy (CE) aims to create a sustainable economic system by minimizing resource input, waste, emissions, and energy leakage. It seeks to close material loops to preserve products, parts, and materials within the industrial system, thereby maximizing their utility. This approach is increasingly seen as a potential solution to address sustainable development challenges.
Economic and Environmental Rebound Effects:
Business Models and Supply Chains:
Conceptual and Practical Limitations:
Policy and Global Adoption:
Social Dimension and Collaboration:
Strategic and Sustainable Growth:
The circular economy presents a promising framework for sustainable development by minimizing waste and maximizing resource efficiency. However, its implementation faces significant challenges, including economic rebound effects, conceptual limitations, and the need for a more integrated social dimension. Effective business models, supportive policies, and collaborative efforts are essential to realize the full potential of the circular economy and achieve sustainable growth.
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