Circular Economy and New Research Directions in Sustainability

Hwong-Wen Ma (), Hsiu-Ching Shih and Meng-I Liao
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Hwong-Wen Ma: Graduate Institute of Environmental Engineering, National Taiwan University
Hsiu-Ching Shih: Graduate Institute of Environmental Engineering, National Taiwan University
Meng-I Liao: Graduate Institute of Environmental Engineering, National Taiwan University

Chapter Chapter 6 in Pursuing Sustainability, 2021, pp 141-168 from Springer

Abstract: Abstract Circular economy presents a new practical approach to sustainable development. Circular economy refers to redesigning, reusing, recycling, remanufacturing, or redistributing waste products, or prolonging product life through maintenance, to increase the added value of products by different circular setups. This new development pattern is beneficial to boosting economic development, facilitating resource efficiency, and reducing environmental pollution. Hence, many countries such as EU countries have taken circular economy as a pathway to sustainability, and have further formulated targets and measures for circular economy. In addition to environmental and economic benefits, circular economy can also support job creation, counteracting social problems arising from unemployment, and promoting social sustainability. Circular economy has a strong potential to transform the society toward environmental, economic, and social sustainability.

Date: 2021
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DOI: 10.1007/978-3-030-58023-0_6

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