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Driving Resource Efficiency and Sustainable Consumption: Technological Innovations in Circular Economy Strategies and Industrial Symbiosis

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  • Asuamah Yeboah, Samuel

Abstract

This paper explores the role of technological innovations in advancing resource efficiency through circular economy strategies and industrial symbiosis. It highlights key innovations such as advanced recycling techniques, digital platforms for resource exchange, and product lifecycle management systems that enable resource conservation, waste reduction, and efficient material use. Industrial symbiosis networks leverage technology and innovation to facilitate resource sharing among companies, transforming waste from one industry into valuable inputs for another. This paper discusses the policy implications, identifies directions for future research, and emphasizes the need for collaboration, regulatory frameworks, and education to promote sustainable technology adoption. By embracing these innovations, societies can transition towards a circular economy, minimizing environmental impacts and enhancing resource efficiency.

Suggested Citation

  • Asuamah Yeboah, Samuel, 2023. "Driving Resource Efficiency and Sustainable Consumption: Technological Innovations in Circular Economy Strategies and Industrial Symbiosis," MPRA Paper 117980, University Library of Munich, Germany, revised 26 Jun 2023.
    • Handle: RePEc:pra:mprapa:117980
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    File URL: https://mpra.ub.uni-muenchen.de/117980/1/SUSTAINABLE%20CONSUMPTION%20IN%20Technological%20Innovations%20Driving%20Resource%20Efficiency%20RESEARCHGATES%20AND%20MPRA.pdf
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    References listed on IDEAS

    as
    1. 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.
    2. Kirchherr, Julian & Reike, Denise & Hekkert, Marko, 2017. "Conceptualizing the circular economy: An analysis of 114 definitions," Resources, Conservation & Recycling, Elsevier, vol. 127(C), pages 221-232.
    3. Florian Lüdeke‐Freund & Stefan Gold & Nancy M. P. Bocken, 2019. "A Review and Typology of Circular Economy Business Model Patterns," Journal of Industrial Ecology, Yale University, vol. 23(1), pages 36-61, February.
    4. Alan Murray & Keith Skene & Kathryn Haynes, 2017. "The Circular Economy: An Interdisciplinary Exploration of the Concept and Application in a Global Context," Journal of Business Ethics, Springer, vol. 140(3), pages 369-380, February.
    5. Mateusz Lewandowski, 2016. "Designing the Business Models for Circular Economy—Towards the Conceptual Framework," Sustainability, MDPI, vol. 8(1), pages 1-28, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Technological innovations; Circular economy; Resource efficiency; Advanced recycling techniques; Digital platforms; Product lifecycle management; Industrial symbiosis; Policy implications;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling

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