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Circular Economy and agribusiness sector: Creating long-run benefits for the environment

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  • Ekonomou, George
  • Halkos, George

Abstract

Climate change and environmental degradation constitute challenging and demanding issues that need mitigation and adaptation strategies and plans, as well as scientific research to test the causality between economic growth and pollution levels. From this viewpoint, the present theoretical approach defines the concept of circular economy in the high-leverage economic sector, which is the agribusiness sector. A circular economy approach can help agribusiness develop its potential in terms of quality and sustainability without losing its economic orientation and perspective. The circular economy assists in becoming competitive, producing eco-friendly products, minimizing materials used and wastes, and protecting the good ecological status of natural resources, such as land and water resources. Management approaches such as the project management methodology and the construction of a circular business model canvas will provide a solid bedrock on which the circular economy projects within the business will create tangible and sustainable results in a sustainable manner. Furthermore, the concept of environmental benchmarking is a valuable tool for comparing the business's environmental performance with those considered leaders or bets in class in the field.

Suggested Citation

  • Ekonomou, George & Halkos, George, 2024. "Circular Economy and agribusiness sector: Creating long-run benefits for the environment," MPRA Paper 120929, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:120929
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    File URL: https://mpra.ub.uni-muenchen.de/120929/1/MPRA_paper_120929.pdf
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    References listed on IDEAS

    as
    1. George Ekonomou & George Halkos, 2023. "Exploring the Impact of Economic Growth on the Environment: An Overview of Trends and Developments," Energies, MDPI, vol. 16(11), pages 1-19, June.
    2. Halkos, George, 2018. "Advances in Green Economy and Sustainability: Introduction," MPRA Paper 86534, University Library of Munich, Germany.
    3. Zengwei Yuan & Jun Bi & Yuichi Moriguichi, 2006. "The Circular Economy: A New Development Strategy in China," Journal of Industrial Ecology, Yale University, vol. 10(1‐2), pages 4-8, January.
    4. Halkos, George E. & Aslanidis, Panagiotis – Stavros C., 2023. "Sustainable energy development in an era of geopolitical multi-crisis. Applying productivity indices within institutional framework," Resources Policy, Elsevier, vol. 85(PB).
    5. Halkos, George E., 2003. "Environmental Kuznets Curve for sulfur: evidence using GMM estimation and random coefficient panel data models," Environment and Development Economics, Cambridge University Press, vol. 8(4), pages 581-601, October.
    6. George E. Halkos, 2013. "Exploring the economy -- environment relationship in the case of sulphur emissions," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 56(2), pages 159-177, March.
    7. George Halkos & George Ekonomou, 2023. "Can Business and Leisure Tourism Spending Lead to Lower Environmental Degradation Levels? Research on the Eurozone Economic Space," Sustainability, MDPI, vol. 15(7), pages 1-16, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Environmental degradation; circular economy; agribusiness sector; sustainability.;
    All these keywords.

    JEL classification:

    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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