Theoretical and Practical Approaches of Circular Economy for Business Models and Technological Solutions

Csaba Fogarassy and David Finger
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Csaba Fogarassy: Climate Change Economics Research Centre, Faculty of Economics and Social Sciences, Szent Istvan University, Pater Karoly 1, 2100 Gödöllő, Hungary
David Finger: School of Science and Engineering, Reykjavik University, 101 Reykjavík, Iceland

Resources, 2020, vol. 9, issue 6, 1-9

Abstract: Circular solutions are essential to tackle the imminent challenges of depleting resources and emerging environmental problems. The complex nature of material and energy systems and the changing economic and technological conditions depend on regional settings and accordingly result differently in developed and rapidly developing countries of the world. A wide variety of theoretical approaches can be used to facilitate a shift from the linear use of resources to circular systems, e.g., circular product planning, zero waste management, service-based repairing, refurbishing, and remanufacturing, to name just a few. The introduction and examination of circular solutions can be based on theoretical models in order to guarantee and ensure a successful application. The successful application of innovative technology approaches, business solutions, and organizational development can be facilitated through theoretical models and new scientific results that support innovation processes. The presented article focuses on sustainable and innovative methods that help and enable the proper use and recovery of resources.

Keywords: circular solution; environmental assessment; product lifecycle; sharing economy; short supply chain; biomass utilisation (search for similar items in EconPapers)
JEL-codes: Q1 Q2 Q3 Q4 Q5 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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