Abstract
The circular economy (CE) has risen as a revolutionary concept to reconsider how we produce, consume, and control waste in the global scale with an intention to ensure sustainable development. Particularly opposed to the linear “take–make–dispose” model, CE focuses on resources efficiency, recycling, the use of renewable energy, and sustainable business models. Under this topic, the insurmountability-ability policies, technologies and collaboration at play to drive global circular economy are investigated, more especially in settings characterized by novel, large scale of industrial and urban development as in the emerging markets. Utilising conceptual and analytic frameworks, the paper examines existing literature, analyses institutional architecture and provides comparative cases from India, Brazil and South Africa. The success of CE adoption is also proving to be more complex than expected, amidst policy enforcement that needs to be strengthened, technological leapogan constraint that prevailed, and lack of cross-sector collaboration. CE transitions could be accelerated, however, with digital innovation, (green) financing, public–private partnerships and community led initiatives. The paper contends coordinated policy response, better technology, and global cooperation will be key to mainstreaming circularity in economic systems and achieving sustainable growth and climate resilience. Policy, business and social factors are proposed to enhance CE pathways. This work is adding to the international discussion on sustained development, as it highlights CE as an alternative to mediating between economic growth and the planet’s safety.
Presenters
Lakshmikanth HmChairman, Applied Environment and Research, Srishti International, Karnataka, India
Details
Presentation Type
Paper Presentation in a Themed Session
Theme
Assessing Impacts in Diverse Ecosystems
KEYWORDS
Circular Economy, Sustainability, Global Collaboration, Policy Framework, Emerging Economies
