Encyclopedia of Sustainable Management

Living Edition
| Editors: Samuel Idowu, René Schmidpeter, Nicholas Capaldi, Liangrong Zu, Mara Del Baldo, Rute Abreu

Blue Circular Economy

  • Debbie Haski-LeventhalEmail author
Living reference work entry
DOI: https://doi.org/10.1007/978-3-030-02006-4_900-1

Synonyms

Definition/Description

The circular economy is defined as “a regenerative system in which resource input and waste, emission, and energy leakage are minimised by slowing, closing and narrowing material and energy loops. This can be achieved through long-lasting design, maintenance, repair, reuse, remanufacturing, refurbishing, and recycling” (Geissdoerfer et al. 2017: 764).

Circular Economy

Introduction

In the last two decades, much attention was drawn to the concept of circular economy, both by researchers and practitioners (Ghisellini et al. 2016). Adopted widely in Europe and currently in Asia (Andersen 2007), the idea was appealing as it offered a new mindset for sustainability and sustainable business. Shifting away from the “linear economy” in which a business produces a product, the consumer buys it and it then goes to waste, the circular economy creates a cycle in which everything stays in the system, nothing goes to waste, and innovative design...

This is a preview of subscription content, log in to check access.

References

  1. Andersen, M. S. (2007). An introductory note on the environmental economics of the circular economy. Sustainability Science, 2(1), 133–140.CrossRefGoogle Scholar
  2. Geissdoerfer, M., Savaget, P., Bocken, N. M., & Hultink, E. J. (2017). The circular economy – A new sustainability paradigm? Journal of Cleaner Production, 143, 757–768.CrossRefGoogle Scholar
  3. Ghisellini, P., Cialani, C., & Ulgiati, S. (2016). A review on circular economy: the expected transition to a balanced interplay of environmental and economic systems. Journal of Cleaner Production, 114, 11–32.Google Scholar
  4. Haski-Leventhal, D. (2018). Strategic corporate social responsibility: Tools and theories for responsible management. London: Sage.Google Scholar
  5. Korhonen, J., Honkasalo, A., & Seppälä, J. (2018). Circular economy: The concept and its limitations. Ecological Economics, 143, 37–46.CrossRefGoogle Scholar
  6. Lacy, P., & Rutqvist, J. (2015). Waste to wealth: The circular economy advantage. New York: Palgrave Macmillan.Google Scholar
  7. Merli, R., Preziosi, M., & Acampora, A. (2018). How do scholars approach the circular economy? A systematic literature review. Journal of Cleaner Production, 178, 703–722.CrossRefGoogle Scholar
  8. Pauli, G. A. (2010). The blue economy: 10 years, 100 innovations, 100 million jobs. Paradigm publications.Google Scholar
  9. Pearce, D. W., & Turner, R. K. (1990). Economics of natural resources and the environment. Balt: John Hopkins Univerity Press.Google Scholar
  10. Silver, J. J., Gray, N. J., Campbell, L. M., Fairbanks, L. W., & Gruby, R. L. (2015). Blue economy and competing discourses in international oceans governance. The Journal of Environment & Development, 24(2), 135–160.CrossRefGoogle Scholar
  11. Stahel, W. R. (2016). The circular economy. Nature, 531(7595), 435.CrossRefGoogle Scholar
  12. Webster, K. (2015). The circular economy: A wealth of flows / Ken Webster (2nd ed.). Cowes: Ellen Macarthur Foundation Publishing.Google Scholar

Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  1. 1.Macquarie University Business SchoolMacquarie UniversitySydneyAustralia

Section editors and affiliations

  • Kristijan Krač

There are no affiliations available