Investments to Develop Business Models and Projects in the Circular Economy

Dzintra Atstaja (Coresponding Author), Inga Uvarova, Darta Kamilla Kambala, Viktorija Alberte, Kate Stokmane, Astrida Gegere-Zetterstroma, Sandra Kraze, Galina Zapletnuka

Research output: Contribution to journalConference articlepeer-review

4 Citations (Scopus)
8 Downloads (Pure)

Abstract

The development of a sustainable economy and the efficient use of resources are now playing an increasingly important role in the circular economy. Unlike the linear economy, the economy contributes to keeping the value of products, materials, and resources in the economy as long as possible, while at the same time reducing both waste volume and raw material consumption and their environmental impact. The topicality of the research is illustrated by the limited amount of natural resources, climate change and sustainable economic growth, which is pursued by both countries and companies. It is in the economic interest of society as a whole to use existing resources in the best possible way. In addition, the introduction of the circular economy is expected to open up broad opportunities for economic growth for both businesses and consumers. The transition to a circular economic business model requires investment. Funding can be raised through different types of projects, but there is little or no information available in the public area about where and how to obtain financing for circular economy-related projects and what are the general benefits for the company from environmentally-friendly activities.

Original languageEnglish
Article number012029
JournalIOP Conference Series: Earth and Environmental Science
Volume578
Issue number1
DOIs
Publication statusPublished - 3 Nov 2020
Externally publishedYes
Event17th International Youth Science and Environmental Baltic Region Countries Forum - Saint-Petersburg, Russian Federation
Duration: 16 Jul 202017 Jul 2020
Conference number: 17

Field of Science*

  • 5.2 Economy and Business

Publication Type*

  • 3.1. Articles or chapters in proceedings/scientific books indexed in Web of Science and/or Scopus database

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