Driving Resource Efficiency and Sustainable Consumption: Technological Innovations in Circular Economy Strategies and Industrial Symbiosis

Samuel Yeboah

MPRA Paper from University Library of Munich, Germany

Abstract: This paper explores the role of technological innovations in advancing resource efficiency through circular economy strategies and industrial symbiosis. It highlights key innovations such as advanced recycling techniques, digital platforms for resource exchange, and product lifecycle management systems that enable resource conservation, waste reduction, and efficient material use. Industrial symbiosis networks leverage technology and innovation to facilitate resource sharing among companies, transforming waste from one industry into valuable inputs for another. This paper discusses the policy implications, identifies directions for future research, and emphasizes the need for collaboration, regulatory frameworks, and education to promote sustainable technology adoption. By embracing these innovations, societies can transition towards a circular economy, minimizing environmental impacts and enhancing resource efficiency.

Keywords: Technological innovations; Circular economy; Resource efficiency; Advanced recycling techniques; Digital platforms; Product lifecycle management; Industrial symbiosis; Policy implications (search for similar items in EconPapers)
JEL-codes: O32 Q53 (search for similar items in EconPapers)
Date: 2023-06-05, Revised 2023-06-26
New Economics Papers: this item is included in nep-cse, nep-eff and nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:117980

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