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Circular Economy and Sustainable Production and Consumption

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Green Circular Economy

Part of the book series: Circular Economy and Sustainability ((CES))

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Abstract

For a long time, it has been a common, one-way process of using materials taken from the earth and ending up discarding them as waste. The circular economy is primarily concerned with the reduction of waste and pollution, the reuse of products and materials, and the renewal of nature. It is an alternative model of production, consumption, and disposal that is being proposed as a way to address both mounting environmental crises and expanding global prosperity. It is considered a powerful tool for resource conservation and reducing needless environmental exploitation. Efficient and effective output can be guaranteed through the adoption of sustainable consumption and production practices. It safeguards the requirements of future generations while ensuring that human activities do not exceed Earth’s carrying capacity. The consumption pattern in an economy determines the growth and success of the economy, which can be improved by switching to reusable products. In this chapter, we have looked at the theoretical foundations of the circular economy and their connections to sustainability as they are currently formulated in the literature. The research also aimed to provide a concise summary of the circular economy, including its background, possibilities, management, business opportunities, and metrics. The chapter discussed the gap between conventional and circular economic systems. Furthermore, the study also discussed the challenges and limitations of the circular economy at the institutional, technical, managerial, and societal levels.

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Acknowledgments

AS is grateful to the Head of Department of Botany, Mount Carmel College (Autonomous), Bengaluru, India. AG is thankful to Head of Department of Life Sciences, Central University of Jharkhand, Ranchi, India. AG is also thankful to Department of Science & Technology, INSPIRE, India, for providing financial assistance in the form of DST-INSPIRE Faculty Fellowship. BP and SS also acknowledge the Director, CSIR-CIMFR, Dhanbad, Jharkhand, India.

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Authors and Affiliations

  1. Mount Carmel College, Autonomous, Bengaluru, Karnataka, India

    Arzoo Shahzabeen

  2. Department of Life Sciences, School of Natural Sciences, Central University of Jharkhand, Ranchi, India

    Annesha Ghosh

  3. CSIR-Central Institute of Mining & Fuel Research, Dhanbad, Jharkhand, India

    Bhanu Pandey & Sameer Shekhar

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  1. Arzoo Shahzabeen
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  2. Annesha Ghosh
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  3. Bhanu Pandey
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  4. Sameer Shekhar
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Editors and Affiliations

  1. Department of Environmental Studies, PGDAV College, University of Delhi, New Delhi, India

    Pardeep Singh

  2. Centre for Science and Environment, New Delhi, India

    Anamika Yadav

  3. Department of Economics, PGDAV College, University of Delhi, New Delhi, India

    Indranil Chowdhury

  4. Central Public Works Department (CPWD), Government of India, New Delhi, India

    Ravindra Pratap Singh

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Shahzabeen, A., Ghosh, A., Pandey, B., Shekhar, S. (2023). Circular Economy and Sustainable Production and Consumption. In: Singh, P., Yadav, A., Chowdhury, I., Singh, R.P. (eds) Green Circular Economy. Circular Economy and Sustainability. Springer, Cham. https://doi.org/10.1007/978-3-031-40304-0_3

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