ALIGNMENT OF CIRCULAR ECONOMY BUSINESS MODELS FOR FRAMING NATIONAL SUSTAINABLE ECONOMIC DEVELOPMENT

Dzintra Atstāja; Natlija Cudečka-Puriņa; Raisa Hrinchenko; Viktor Koval; Jānis Grasis; Rudīte Vesere

doi:10.32933/ActaInnovations.42.1

ALIGNMENT OF CIRCULAR ECONOMY BUSINESS MODELS FOR FRAMING NATIONAL SUSTAINABLE ECONOMIC DEVELOPMENT

Dzintra Atstāja
, Natlija Cudečka-Puriņa
, Raisa Hrinchenko
, Viktor Koval
, Jānis Grasis
, Rudīte Vesere

Rīga Stradiņš University

Research output: Contribution to journal › Article › peer-review

21 Citations (Scopus)

24 Downloads (Pure)

Abstract

Circular economy offers opportunities to boost jobs and tackle climate change. The article reflects aspects of the
impact on the environment through sectoral policies to support the circular economy because current business as
usual model, based on the linear economy principle leads to a staggering inefficiency in nature resources are
managed, with increased pollution, loss of ecosystems and substantial losses of value with each product
disposed. This requires a change not only in consumer behaviour but even more on the resource extraction and
material production side. The purpose of the research paper is to develop a decision-making matrix providing a
step-by-step approach for the policymakers

Original language	English
Pages (from-to)	5-14
Journal	Acta Innovations
Issue number	42
DOIs	https://doi.org/10.32933/ActaInnovations.42.1
Publication status	Published - 2022

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth
SDG 12 Responsible Consumption and Production
SDG 13 Climate Action

Keywords*

business models
circular economy
systems dynamics
sustainability

Field of Science*

5.2 Economy and Business

Publication Type*

1.1. Scientific article indexed in Web of Science and/or Scopus database

Access to Document

10.32933/ActaInnovations.42.1Licence: CC BY

ALIGNMENT OF CIRCULAR ECONOMY BUSINESS MODELS FOR FRAMING NATIONALFinal published version, 963 KBLicence: CC BY

Cite this

@article{4b12cdf720634f77a48969b9eaf69d5a,

title = "ALIGNMENT OF CIRCULAR ECONOMY BUSINESS MODELS FOR FRAMING NATIONAL SUSTAINABLE ECONOMIC DEVELOPMENT",

abstract = "Circular economy offers opportunities to boost jobs and tackle climate change. The article reflects aspects of the impact on the environment through sectoral policies to support the circular economy because current business as usual model, based on the linear economy principle leads to a staggering inefficiency in nature resources are managed, with increased pollution, loss of ecosystems and substantial losses of value with each product disposed. This requires a change not only in consumer behaviour but even more on the resource extraction and material production side. The purpose of the research paper is to develop a decision-making matrix providing a step-by-step approach for the policymakers",

keywords = "business models, circular economy, systems dynamics, sustainability",

author = "Dzintra Atstāja and Natlija Cude{\v c}ka-Puriņa and Raisa Hrinchenko and Viktor Koval and Jānis Grasis and Rudīte Vesere",

note = "Funding Information: It has been identified that both governmental and non-governmental organizations increasingly encourage the businesses for the transition towards a circular economy. The EU Action Plan has been strengthened by revising the waste package directives, which has succeeded in 2018, altogether forming the Circular Economy Package with the aim of developing the circular economy through the creation of various platforms, offering funding from the Cohesion Fund [15,27]. The main outcome of the strategies is to implement the paradigm from linear to a circular economic model. Establishing this kind of a shift is a complex task which requires substantial changes in habits and practices in many fields of society[28]. This leads to a conclusion, that each strategy is able to define different objectives in relation to the general aim. It is very important that for the Stakeholders there is a possibility provided to communicate and share experiences and best practices via the European Circular Economy Stakeholder Platform. This platform was established in 2017 by the European Commission and the European Economic and Social Committee with the main aim to enhance the circular economy both across territories, industries and communities by bringing together experts and providing possibilities to share knowledge and foster dialogue [29]. The latest reports by European Commission reveal that in 2019 there were already over 30 Circular economy strategies in place, both of national and/or regional levels. Despite the level the key concept of the strategies is to contribute to the so-called paradigm shift of moving from the linear towards a more circular economic model. Establishing this type of a shift is a complex goal requiring fundamental changes in consumer behavior and habits in many subsystems of society. The transition to a CE requires systemic change and a holistic, integrated approach that takes into account links within and between sectors, within and across value chains and between civil society and industrial stakeholders [18]. It is important to understand that circular economy can be applied by an entity by adoption of certain business model, or by transformation of existing activities or business elements. Below the authors have summarized the business aspects that can be improved by implementation of circular economy aspects. Funding Information: This research was funded within the Fundamental applied research project “Quadruple Helix Concept (QHC) as a base of the next generation PPP model” (no. lzp-2020/1-0062) by the Latvian Council of Science (Latvia). Publisher Copyright: {\textcopyright} 2022, Research and Innovation Centre Pro-Akademia. All rights reserved.",

year = "2022",

doi = "10.32933/ActaInnovations.42.1",

language = "English",

pages = "5--14",

journal = "Acta Innovations",

issn = "2300-5599",

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AU - Atstāja, Dzintra

AU - Cudečka-Puriņa, Natlija

AU - Hrinchenko, Raisa

AU - Koval, Viktor

AU - Grasis, Jānis

AU - Vesere, Rudīte

N1 - Funding Information: It has been identified that both governmental and non-governmental organizations increasingly encourage the businesses for the transition towards a circular economy. The EU Action Plan has been strengthened by revising the waste package directives, which has succeeded in 2018, altogether forming the Circular Economy Package with the aim of developing the circular economy through the creation of various platforms, offering funding from the Cohesion Fund [15,27]. The main outcome of the strategies is to implement the paradigm from linear to a circular economic model. Establishing this kind of a shift is a complex task which requires substantial changes in habits and practices in many fields of society[28]. This leads to a conclusion, that each strategy is able to define different objectives in relation to the general aim. It is very important that for the Stakeholders there is a possibility provided to communicate and share experiences and best practices via the European Circular Economy Stakeholder Platform. This platform was established in 2017 by the European Commission and the European Economic and Social Committee with the main aim to enhance the circular economy both across territories, industries and communities by bringing together experts and providing possibilities to share knowledge and foster dialogue [29]. The latest reports by European Commission reveal that in 2019 there were already over 30 Circular economy strategies in place, both of national and/or regional levels. Despite the level the key concept of the strategies is to contribute to the so-called paradigm shift of moving from the linear towards a more circular economic model. Establishing this type of a shift is a complex goal requiring fundamental changes in consumer behavior and habits in many subsystems of society. The transition to a CE requires systemic change and a holistic, integrated approach that takes into account links within and between sectors, within and across value chains and between civil society and industrial stakeholders [18]. It is important to understand that circular economy can be applied by an entity by adoption of certain business model, or by transformation of existing activities or business elements. Below the authors have summarized the business aspects that can be improved by implementation of circular economy aspects. Funding Information: This research was funded within the Fundamental applied research project “Quadruple Helix Concept (QHC) as a base of the next generation PPP model” (no. lzp-2020/1-0062) by the Latvian Council of Science (Latvia). Publisher Copyright: © 2022, Research and Innovation Centre Pro-Akademia. All rights reserved.

PY - 2022

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N2 - Circular economy offers opportunities to boost jobs and tackle climate change. The article reflects aspects of the impact on the environment through sectoral policies to support the circular economy because current business as usual model, based on the linear economy principle leads to a staggering inefficiency in nature resources are managed, with increased pollution, loss of ecosystems and substantial losses of value with each product disposed. This requires a change not only in consumer behaviour but even more on the resource extraction and material production side. The purpose of the research paper is to develop a decision-making matrix providing a step-by-step approach for the policymakers

AB - Circular economy offers opportunities to boost jobs and tackle climate change. The article reflects aspects of the impact on the environment through sectoral policies to support the circular economy because current business as usual model, based on the linear economy principle leads to a staggering inefficiency in nature resources are managed, with increased pollution, loss of ecosystems and substantial losses of value with each product disposed. This requires a change not only in consumer behaviour but even more on the resource extraction and material production side. The purpose of the research paper is to develop a decision-making matrix providing a step-by-step approach for the policymakers

KW - business models

KW - circular economy

KW - systems dynamics

KW - sustainability

UR - https://www.scopus.com/pages/publications/85126596079

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M3 - Article

SN - 2300-5599

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EP - 14

JO - Acta Innovations

JF - Acta Innovations

IS - 42

ER -

ALIGNMENT OF CIRCULAR ECONOMY BUSINESS MODELS FOR FRAMING NATIONAL SUSTAINABLE ECONOMIC DEVELOPMENT

Abstract

UN SDGs

Keywords*

Field of Science*

Publication Type*

Access to Document

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