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Assessment of the Impact of the Circular Economy on CO2 Emissions in Europe

Author

Listed:
  • Michelle Mongo
  • Valérie Laforest
  • Fateh Belaïd
  • Audrey Tanguy

Abstract

The circular economy is entirely in line with the European Commission?s long-term strategy aimed at moving toward an economy without any climate impact by 2050 (European Commission, 2018). Yet, to our knowledge, there is little work that analyzes the impact of the circular economy on CO 2 emissions in Europe. The objective of this study is to analyze, at the level of the European Union (EU-15), the impact of the circular economy on CO 2 emissions using an Autoregressive-Distributed Lag model (ARDL). The results of the study over the period 2000-2015 show that, in the long term, circular economy practices tend to reduce CO 2 emissions, while in the short term, the effect is the opposite. The short-term results also question the modalities of our economic growth and the need to find a consensus between ?efficiency and sufficiency? in order to limit resource consumption and CO 2 emissions. JEL Codes: Q53, C23

Suggested Citation

  • Michelle Mongo & Valérie Laforest & Fateh Belaïd & Audrey Tanguy, 2022. "Assessment of the Impact of the Circular Economy on CO2 Emissions in Europe," Journal of Innovation Economics, De Boeck Université, vol. 0(3), pages 15-43.
    • Handle: RePEc:cai:jiedbu:jie_pr1_0107
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    More about this item

    Keywords

    CO2 Emissions; Circular Economy; Sustainable Management of Resources; European Union EU-15; Panel Data; ARDL;
    All these keywords.

    JEL classification:

    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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