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

Asuamah Yeboah, Samuel (2023): Driving Resource Efficiency and Sustainable Consumption: Technological Innovations in Circular Economy Strategies and Industrial Symbiosis.

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Technological innovations, Circular economy, Resource efficiency, Advanced recycling techniques, Digital platforms, Product lifecycle management, Industrial symbiosis, Policy implications
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O32 - Management of Technological Innovation and R&D; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics > Q53 - Air Pollution ; Water Pollution ; Noise ; Hazardous Waste ; Solid Waste ; Recycling

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