Circular Economy Research: From Theory to Practice
Erinn G. Ryen (),
Callie W. Babbitt and
Komal Kooduvalli
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Erinn G. Ryen: Sullivan Center for Business and Entrepreneurship, Wells College
Callie W. Babbitt: Golisano Institute for Sustainability, Rochester Institute of Technology
Komal Kooduvalli: Golisano Institute for Sustainability, Rochester Institute of Technology
Chapter Chapter 2 in Towards a Circular Economy, 2022, pp 25-46 from Springer
Abstract:
Abstract Circular economy offers a compelling alternative to linear consumption and production practices that waste monetary and physical resources. However, the inconsistent development, implementation, and assessment of circular business models have hindered widespread adoption and realization of sustainability benefits from circular economy solutions. This chapter reviews the development of the circular economy field, drawing from foundational theories in management, science, economics, and design. To demonstrate the varying scales and scopes at which circular economy has been applied in practice, we review implementation challenges and success for the food system, consumer electronics, and cross-cutting examples in other sectors. Critical needs are also discussed for assessing circular economy models to avoid unintended consequences or rebound effects that offset potential environmental, social, or economic benefits.
Keywords: Circular economy; Theories; Business models; Electronic waste; Food waste; Sustainability (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:csrchp:978-3-030-94293-9_2
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DOI: 10.1007/978-3-030-94293-9_2
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