Closing the loop for resource efficiency, sustainable consumption and production: a critical review of the circular economy. (9th July 2019)

• Record Type: Journal Article
• Authors: Camilleri, Mark Anthony
• Is Part Of: International journal of sustainable development. Volume 21:Number 1/4(2019)
• Page Start: 1
• Page End: 17
• Publication Date: 2019-07-09
• Subjects: circular economy -- resource efficiency -- closed loop systems -- product service systems -- corporate sustainability -- sustainable consumption -- sustainable production -- operational efficiency -- waste management -- corporate social responsibility -- strategic CSR -- reducing resources -- reusing resources -- recycling resources -- creating shared value; Sustainable development -- Periodicals; 338.9005
• Languages: English
• ISSNs: 0960-1406

Abstract

The circular economy proposition is not a novel concept. However, it has recently stimulated sustainable consumption and production ideas on remanufacturing, refurbishing and recycling of materials. A thorough literature review suggests that the circular economy's regenerative systems are intended to minimise industrial waste, emissions and energy leakages through the creation of long-lasting designs that improve resource efficiencies. In this light, this research critically analyses the circular economy's closed loop systems. The findings suggest that this sustainable development model could unleash a new wave of operational improvements and enhanced productivity levels through waste management and the responsible use and reuse of materials in business and industry. In conclusion, this research implies that closed loop and product service systems could result in significant efficiencies in sustainable consumption and production of resources.