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Moving Towards a Circular Economy: Rethinking Waste Management Practices

Author

Listed:
  • George E. HALKOS

    (Laboratory of Operations Research, Department of Economics, University of Thessaly, Greece.)

  • Kleoniki Natalia PETROU

Abstract

Nowadays waste has become a vital part of our economy, as a by-product of economic activity. It originates from businesses, the government and households and following appropriate management techniques, it can be used as an input to economic activity for instance through material or energy recovery. Waste is produced by all activities and although it is a locally arising problem it has both local and global effects. Societies need to dispose their waste products creating a source of environmental pollution. Sustainable waste management requires the combination of skills and knowledge of physical sciences and engineering together with economics, ecology, human behaviour, entrepreneurship and good governance. This paper discusses extensively the policy framework and the legislative background around waste and its management in the EU and worldwide. In this way, it focuses on the treatment options for waste under the Circular Economy approach having in mind the idea of closing the loop and hence achieving a more efficient use of resources.

Suggested Citation

  • George E. HALKOS & Kleoniki Natalia PETROU, 2016. "Moving Towards a Circular Economy: Rethinking Waste Management Practices," Journal of Economic and Social Thought, KSP Journals, vol. 3(2), pages 220-240, June.
  • Handle: RePEc:ksp:journ3:v:3:y:2016:i:2:p:220-240
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    Citations

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    Cited by:

    1. Halkos, George & Petrou, Kleoniki Natalia, 2017. "Regional environmental efficiency in waste generation," MPRA Paper 81237, University Library of Munich, Germany.
    2. George E. Halkos & Panagiotis-Stavros C. Aslanidis, 2024. "How Waste Crisis Altered the Common Understanding: From Fordism to Circular Economy and Sustainable Development," Circular Economy and Sustainability, Springer, vol. 4(2), pages 1513-1537, June.

    More about this item

    Keywords

    Municipal solid waste; Waste management; Resources; Circular economy; Waste infrastructure.;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • 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
    • 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
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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