Are circular economy strategies economically successful? Evidence from a longitudinal panel

Palea, Vera; Santhià, Cristina; Miazza, Aline

doi:10.1016/j.jenvman.2023.117726

Cited by 23 publications

(3 citation statements)

References 53 publications

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“…In addition to that, the transition to the circular economy can be sped up by promoting renewable energy, especially wind or solar. Circular economy as an economic system cannot be achieved without renewable energy (Palea et al, 2023). As stated by Desing et al (2020), in a circular economy, all energy production should be from renewable energy, ensuring minimal raw material extraction and safe disposal of waste to protect the environment.…”

Section: Circular Economy Concept and Research Backgroundmentioning

confidence: 99%

Circular economy practices as a tool for sustainable development in the context of renewable energy: What are the opportunities for the EU?

Jakubelskas,

Skvarciany

2023

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Research background: In order to tackle climate change and ensure Paris agreements are met, countries are forced to look for alternative ways of producing, consuming, and wasting and adopt a circular economy. Reduction of greenhouse gas emissions becomes one of the key elements. The demand for electricity is increasing, and most greenhouse gas emissions derive from the energy sector. Because of that, it is crucial to ensure the transition from fossil fuels to renewable energy. Renewable energy, as a part of the circular economy, also contributes to sustainable development. Only the efficient implementation of circular economy and renewable energy practices can ensure that sustainable development goals are achieved. Purpose of the article: The study aims at determining the efficiency of European Union countries implementing circular economy practices through renewable energy to attain SDGs. The study focuses on the significance of renewable energy as a tool for the circular economy to achieve sustainable development and highlights the progress achieved in SDG through renewable energy in the EU. Methods: For efficiency assessment of the circular economy represented by the renewable energy indicators, data envelopment analysis (DEA) was performed. Findings & value added: This study presents a relation analysis of the circular economy and renewable energy and the importance of efficiency in achieving SDGs through a circular economy. The study helps to understand the circular economy represented by renewable energy and how it transforms into sustainable development and contributes to necessary actions needed for countries to improve. Based on the results, Sweden, Luxembourg, Ireland, Latvia, Estonia, Malta, the Netherlands and Bulgaria are considered the most efficient countries, while Austria is the least efficient. Unused solar and wind power potential can slow down sustainable development; however, EU programs and renewable energy strategies help countries move towards clean energy and ensure efficient implementation of sustainable development goals.

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Section: Circular Economy Concept and Research Backgroundmentioning

confidence: 99%

Circular economy practices as a tool for sustainable development in the context of renewable energy: What are the opportunities for the EU?

Jakubelskas,

Skvarciany

2023

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“…В этом контексте важно говорить и о поиске содержания указанных целевых моделей, и о формировании концептуальной и инструментальной основы перехода к ним. Многочисленные исследования последних лет приводят большое количество аргументов в пользу принятия циркулярной экономики 1 как той модели экономической системы, которая спо-собна ответить на вызовы, стоящие перед обществом, обеспечивая при этом достаточно высокую степень эффективности для хозяйствующих субъектов (Матвеева и др., 2022;Geissdoerfer et al, 2017;Kirchherr et al, 2017;Korhonen, A., Honkasalo, 2017;Morseletto, 2023;Palea et al, 2023;Stefanakis and Nikolaou, 2022;Tedesco et al, 2022). Некоторые ученые отмечают, что циркулярная экономика представляет не так много возможностей для экономического роста, поскольку стимулируемый ею рост ВВП приводит к увеличению «материального следа» и не обеспечивает получение ожидаемых экономических эффектов (Bergh and Kallis, 2014).…”

Section: The Drivers Of the Circular Economy: Theory Vs Practiceunclassified

The drivers of the circular economy: Theory vs practice

et al. 2023

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The circular economy has become a model that is able to respond, with rather high economic efficiency, to the challenges that a society faces. The principles of a circular economy do not expand rapidly, though. Our study deals with the key drivers for closed-loop cycle production, including innovation, investment, digitalization, new business ecosystems, and institutional framework. To quantify the effects of circular economy, we used three indicators: production and consumption waste; GRP energy intensity; GRP water intensity. Given these indicators, the regions of Russia were clustered. Further, the hypothesis was tested that the innovative activity of organizations, investment in fixed assets, and digital technologies used by business, are among the key drivers towards a circular economy. Since this research is an exploratory one, we apply the method of General Regression Models (GRM). Our findings did not confirm that the identified factors serve as the drivers for transitioning to a circular economy. We attribute the discrepancy between the results of literature review and empirical findings to the lack of reliable data, difficulties in measurement, the latent nature of related drivers, as well as the relatively short period of transition towards a more circular economy.

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“…", German supplier, Interviewee F). Circular Economy has become a great vehicle of business opportunity [107] since raw materials are becoming more and more expensive and scarce, the EU climate-neutral strategy is pushing the steel sector to find new paths of competitiveness [108] ("Raw materials have become more and more expensive, more costly. We have to better exploit renewable resources.…”

Section: Environmental Sustainability As the Key To Successful Busine...mentioning

confidence: 99%

The Impact of Industry 4.0 on the Steel Sector: Paving the Way for a Disruptive Digital and Ecological Transformation

Tolettini

Maria

2023

Recycling

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Since the creation of a common term to indicate a set of incremental and disruptive digital technologies, Industry 4.0 has challenged European manufacturers to find a way to concretely exploit these innovations in their own business strategy. During this journey, Industry 4.0 has recently highlighted some evidence about its efficacy in enabling strategic goals on the three dimensions (economical, environmental, social) of sustainable development, which is a key element for the European Union’s goal to make manufacturers become carbon neutral until 2030. Industry 4.0 and sustainability are together affecting manufacturers’ business models, forcing managers to take chances and face challenges within their organization and in their supply-chain. As an energy-intensive sector, steel industries will be intensively affected by sustainability paradigms. With 19 qualitative interviews in the organization and supply chain of an internationalized steel producer, Feralpi Group, we provide evidence that, beyond the use of main strategic technologies (Internet of Things and Big Data analysis), the implementation of a sustainability strategy is also possible through the creation of new partnerships beyond the own supply chain. The combination of Industry 4.0 technologies and sustainability strategies, especially concerning the environment through Circular Economy practices, pushes steel industries to revise their business models, paving the way for unexpected collaborations, where suppliers, customers, and even more diverse stakeholders such as competitors could bring benefits to the company sustainable economic growth and durability.

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Are circular economy strategies economically successful? Evidence from a longitudinal panel

Cited by 23 publications

References 53 publications

Circular economy practices as a tool for sustainable development in the context of renewable energy: What are the opportunities for the EU?

Circular economy practices as a tool for sustainable development in the context of renewable energy: What are the opportunities for the EU?

The drivers of the circular economy: Theory vs practice

The Impact of Industry 4.0 on the Steel Sector: Paving the Way for a Disruptive Digital and Ecological Transformation

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