Circular Economy and agribusiness sector: Creating long-run benefits for the environment

George Ekonomou and George Halkos

MPRA Paper from University Library of Munich, Germany

Abstract: Climate change and environmental degradation constitute challenging and demanding issues that need mitigation and adaptation strategies and plans, as well as scientific research to test the causality between economic growth and pollution levels. From this viewpoint, the present theoretical approach defines the concept of circular economy in the high-leverage economic sector, which is the agribusiness sector. A circular economy approach can help agribusiness develop its potential in terms of quality and sustainability without losing its economic orientation and perspective. The circular economy assists in becoming competitive, producing eco-friendly products, minimizing materials used and wastes, and protecting the good ecological status of natural resources, such as land and water resources. Management approaches such as the project management methodology and the construction of a circular business model canvas will provide a solid bedrock on which the circular economy projects within the business will create tangible and sustainable results in a sustainable manner. Furthermore, the concept of environmental benchmarking is a valuable tool for comparing the business's environmental performance with those considered leaders or bets in class in the field.

Keywords: Environmental degradation; circular economy; agribusiness sector; sustainability. (search for similar items in EconPapers)
JEL-codes: Q10 Q13 Q18 Q50 Q53 Q54 Q56 Q58 (search for similar items in EconPapers)
Date: 2024-05
New Economics Papers: this item is included in nep-agr, nep-cse, nep-env and nep-ppm
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