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Eco-innovation and Circular Business Models as drivers for a circular economyAbstract: Eco-innovation is defined as any directed/oriented innovation aiming at reducing environmental impacts. Eco-innovation is not only a technology change; it also embraces organisational, social and system innovations. This systemic and complex thinking is necessary to understand the role of eco-innovation as an enabler of Circular Economy (CE). Circular Economy appears as a promising approach towards a sustainable transition from the linear socioeconomic paradigm. The objective of the Circular Economy is to maintain and to share value along the time. Eco-innovation for Circular Economy can be of technological and non-technological character. Indeed, it is acknowledged that CE needs to address important challenges regarding business models and socio-institutional frameworks, while technological change may not be necessarily radical. In order to pave the way to Circular Economy through ecoinnovation, business models are considered a key driver. The business model is seen as a holistic approach towards the way of doing business. From the eco-innovation perspective, a business model needs to add ecological and social value to the value proposal and changing the producer and the consumer practices. In particular, eco-innovations with the potential to enable the transition to a resource-efficient circular economy model include efforts to change dominant business models (from new product and service design to reconfigured value chains, new/short supply chains), transform the way citizens interact with products and services (ownership, leasing, sharing, repairing, reducing, remanufacturing, etc.) and develop improved systems for delivering value (green mobility, smart energy systems, short supply chains, etc.)

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  • Xavier Vence

    (Universidade de Santiago de Compostela, España)

  • Ángeles Pereira

    (Universidade de Santiago de Compostela, España)

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  • Xavier Vence & Ángeles Pereira, 2019. "Eco-innovation and Circular Business Models as drivers for a circular economyAbstract: Eco-innovation is defined as any directed/oriented innovation aiming at reducing environmental impacts. Eco-innov," Contaduría y Administración, Accounting and Management, vol. 64(1), pages 45-46, Enero-Mar.
    • Handle: RePEc:nax:conyad:v:64:y:2019:i:1:p:45-46
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    References listed on IDEAS

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    1. Pier-Paolo Saviotti, 2005. "On the Co-Evolution of Technologies and Institutions," Springer Books, in: Matthias Weber & Jens Hemmelskamp (ed.), Towards Environmental Innovation Systems, pages 9-31, Springer.
    2. Rennings, Klaus, 2000. "Redefining innovation -- eco-innovation research and the contribution from ecological economics," Ecological Economics, Elsevier, vol. 32(2), pages 319-332, February.
    3. de Jesus, Ana & Mendonça, Sandro, 2018. "Lost in Transition? Drivers and Barriers in the Eco-innovation Road to the Circular Economy," Ecological Economics, Elsevier, vol. 145(C), pages 75-89.
    4. AfDB AfDB, . "Annual Report 2012," Annual Report, African Development Bank, number 461.
    5. Mateusz Lewandowski, 2016. "Designing the Business Models for Circular Economy—Towards the Conceptual Framework," Sustainability, MDPI, vol. 8(1), pages 1-28, January.
    6. Michael E. Porter & Claas van der Linde, 1995. "Toward a New Conception of the Environment-Competitiveness Relationship," Journal of Economic Perspectives, American Economic Association, vol. 9(4), pages 97-118, Fall.
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