The novel COVID-19 has emerged as a severe threat to global health globally, affecting over 210 countries and regions. The profound dilemma interrupted global trade and social activities and enormously influenced daily lives through social distance and confinements. The outbreak of COVID-19 has exacerbated human misery due to the crippling of economies globally. The effects are substantial on health, economy, environment, and society. Nearly every country is trying to prevent the transmission of this communicable disease. Remedial policies include testing and treating patients, isolating suspects through contact tracking, banning public gatherings, and asserting a complete or partial shutdown. In this context, the present paper's core objective is to investigate the impact of the COVID-19 pandemic on the environment and energy market, society, economy, and global protective measures taken to reduce COVID-19 transmission. The study's main contribution is revealed lessons to provide insights for business and the efficacy of governments' initiative globally. Finally, this paper describes future actions for governments, leaders, energy providers, and all stakeholders in response to the global pandemic crisis.
Purpose
The circular economy (CE) is an evolving subject transitioning from conceptualization to empirical testing. Over the past decade, researchers have done an exhaustive study to understand the concept of CE and its realized values both financially and environmentally on organizations that have traditional business models based on linear consumption. For understanding the transitional phenomena completely, the paper aims to review the current and emerging research trends in CE to ascertain future direction.
Design/methodology/approach
The research was conducted on 91 articles published in the study area during the past decade (2016–2021) in renowned peer-reviewed journals. The criteria set to review literature are based on the following assortment: CE drivers, CE barriers, definitions by different authors, yearly distribution of the publication, research publisher and journals, google citation and methodology used in the selected research articles.
Findings
The study suggests that researchers from the selected years are keen to understand the transition and its critical factors by bringing forward frameworks and incorporating CE with digital technologies. The digital technology implied are Industrial Technology (IR) 4.0, Big Data, Internet of Things (IoT), Artificial Intelligence, Blockchain and Data Analytics to increase organizational and environmental performance. CE researchers need to use empirical testing in different sectors to understand and bring forward more improvised business models and practices according to the dynamics of the industry.
Originality/value
The literature review suggests gaps exist to integrate the micro, meso and macro levels to get CE implementation's system-wide benefits. The study has also identified that many CE frameworks available in the literature for implementation must be empirically tested to yield performance results.
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