Circular Economy and New Research Directions in Sustainability
Journal
International Series in Operations Research and Management Science
Journal Volume
301
Pages
141-168
Date Issued
2021
Author(s)
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. ? 2021, Springer Nature Switzerland AG.
Type
book part