From Linear to Circular: A Holistic Strategy for Sustainable Development in Emerging Economies
Shanu Singh (),
Aditi Anand (),
Kalyani () and
Yashmita Awasthi ()
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Shanu Singh: Christ University
Aditi Anand: Christ University
Kalyani: Christ University
Yashmita Awasthi: Christ University
A chapter in Sustainable Economy Models in the Age of Industry 5.0, 2025, pp 119-144 from Springer
Abstract:
Abstract The immediate upheaval for transitioning and slipping from mundane linear system to deliberately choosing sustainable and equitable circular economy system has been in airs, suggesting its shared benefits and changed outlook. The current research paper proposes a framework “RE-GENO” which supports the design of responsible circular economy practices and argues that this framework can act as a preliminary tool for improving and expanding the decision-making context for a more equitable transition through use of artificial intelligence. The research papers have discussed the idea of transitioning from linear economy that results in generation of large amount of waste to a circular economy which leads to sustainable form of consumption and have further highlighted the challenges followed by it and application of artificial intelligence in its transition. They have given different frameworks which could form base of transitioning into it but at the same time, there has not been enough insight on implementation of it in Indian based economy. This research paper brings up a modified version for a framework whose main aim is to provide a new base for moving to circular economy and focusing on strategies on its efficient implementation in developing nation like India. It is found that application of this framework in India requires multifaceted approach that integrates all aspects such as technology, education, government initiatives and monitoring through risk analysis to foster sustainable growth, production, and consumption. Hence, the paper suggests that successful implementation might open the way for more sustainable and efficient resource management strategies across a variety of businesses.
Keywords: Artificial intelligence; Circular economy; Framework; Sustainable practices; Framework; SDG (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-96-4104-8_8
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DOI: 10.1007/978-981-96-4104-8_8
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