Circular Economy and Sustainability: Volume 1: Management and Policy PDF
Preview Circular Economy and Sustainability: Volume 1: Management and Policy
Circular Economy and SUSTAINABILITY 1 VOLUME This page intentionally left blank Circular Economy and SUSTAINABILITY 1 VOLUME Management and Policy Edited by ALEXANDROS STEFANAKIS Assistant Professor,EnvironmentalEngineeringand Management Laboratory, Schoolof Chemical and Environmental Engineering, Technical University of Crete,Greece IOANNIS NIKOLAOU AssociateProfessor,BusinessEconomicsandEnvironmentalTechnology Laboratory, Department of EnvironmentalEngineering,Democritus University of Thrace,Greece Elsevier Radarweg29,POBox211,1000AEAmsterdam,Netherlands TheBoulevard,LangfordLane,Kidlington,OxfordOX51GB,UnitedKingdom 50HampshireStreet,5thFloor,Cambridge,MA02139,UnitedStates Copyright©2022ElsevierInc.Allrightsreserved. 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Practitionersandresearchersmustalwaysrelyontheirownexperienceandknowledgeinevaluatingandusingany information,methods,compounds,orexperimentsdescribedherein.Inusingsuchinformationormethodsthey shouldbemindfuloftheirownsafetyandthesafetyofothers,includingpartiesforwhomtheyhaveaprofessional responsibility. Tothefullestextentofthelaw,neitherthePublishernortheauthors,contributors,oreditors,assumeanyliabilityfor anyinjuryand/ordamagetopersonsorpropertyasamatterofproductsliability,negligenceorotherwise,orfromany useoroperationofanymethods,products,instructions,orideascontainedinthematerialherein. LibraryofCongressCataloging-in-PublicationData AcatalogrecordforthisbookisavailablefromtheLibraryofCongress BritishLibraryCataloguing-in-PublicationData AcataloguerecordforthisbookisavailablefromtheBritishLibrary ISBN978-0-12-819817-9 ForinformationonallElsevierpublications visitourwebsiteathttps://www.elsevier.com/books-and-journals Publisher:CandiceJanco AcquisitionsEditor:MarisaLaFleur EditorialProjectManager:AndreaDulberger ProductionProjectManager:PaulPrasadChandramohan Coverdesigner:MatthewLimbert TypesetbySTRAIVE,India Contents Contributors xv Preface xxi 1. Areview of circular economy literature througha threefold level framework andengineering-management approach 1 IoannisE.NikolaouandAlexandrosI.Stefanakis 1. Introduction 1 2. Theoreticalbackground 2 3. Methodology 4 4. Results 8 5. Conclusionanddiscussion 14 References 14 2. Steering the circular economy: Anew role for Adam Smith's invisible hand 21 KeithR.Skene 1. Introduction 21 2. Weakandstrongsustainability 23 3. Systemstheory 24 4. Thetripartiteinvisibleembrace 26 5. TheOgiekpeopleandthehoneyeconomy 28 6. Conclusions 30 Acknowledgment 31 References 31 3. Asystemsthinkingperspective for the circular economy 35 SeigoRobinson 1. Introduction 35 2. Structureasadriverofbehavior 36 3. Systemcharacteristics 43 4. Leveragepoints 46 5. Conclusion 50 References 51 v vi Contents 4. Conceptualizing the circular bioeconomy 53 WarrenE.Mabee 1. Introduction 53 2. Circularbioeconomies 54 3. Benefitsofacircularbioeconomy 60 4. Barrierstothecircularbioeconomy 63 5. Waysforward 65 References 66 5. Circular economy andfinancial performances of EuropeanSMEs 71 CristinaMocanu,EvaMilitaru,AnaMariaZamfir,andMonicaMihaelaMaer-Matei 1. Introduction 71 2. Literaturereview 72 3. Methodology 74 4. Resultsanddiscussions 77 5. Conclusions 81 A. Appendix1 82 B. Appendix2 84 References 85 6. History andevolution of the circular economy and circular economy business models 87 AlishaTuladhar,KonstantinosIatridis,andDimoDimov 1. Introduction 87 2. Methodology 88 3. Circulareconomy:History,evolution,anddefinition 88 4. Circularbusinessmodel(CBM) 95 5. Futureresearchagenda/conclusion 102 References 103 7. A triple-levelframework to evaluate the level of involvementof firms in the circular economy (CE) 107 G.Lanaras-Mamounis,A.Kipritsis,ThomasA.Tsalis,KonstantinosΙ.Vatalis, andIoannisE.Nikolaou 1. Introduction 107 2. Theoreticalbackground 108 3. Researchmethodologicalframework 111 4. Questionnairesurvey 113 5. Conclusionanddiscussion 120 A. Appendix1 121 References 124 Contents vii 8. Exploringresource-service systems—Beyond product-servicesystems and toward configurationsof circular strategies, business models, and actors 127 FennaBlomsma,MikeTennant,andGeraldineBrennan 1. Introduction 127 2. Theresource-servicesystemliteratureanditslimitations 129 3. Researchdesign 132 4. Results—AnalysisofRiversimple—Acar-as-a-servicecompany 136 5. Discussionandconclusion—Resource-servicesystems 140 References 143 9. Complementing circular economy with life cycle assessment: Deeper understanding of economic, social,andenvironmentalsustainability 145 MehzabeenMannanandSamiG.Al-Ghamdi 1. Introduction 145 2. LCA:Aholisticapproach 145 3. LCAinCE 151 4. CEandLCA:Casestudies 153 5. Summary 157 References 158 10. Lifecyclecostingasawaytoincludeeconomicsustainabilityin thecirculareconomy.Newperspectivesfromresource-intensive industries 161 M.SoniaMedina-Salgado,AnnaMariaFerrari,DavideSettembre-Blundo, MarcoCucchi,andFernandoE.García-Muiña 1. Introduction 161 2. Literaturereview 162 3. Methodologicalframework 164 4. TheaggregateLCCcalculationmodel 165 5. Interpretationanddiscussionoftheresults 171 6. Conclusions 173 Acknowledgments 174 References 174 11. Circular economy duringprojectlife cycle 177 IbtisamSulaimanAlhosni,OmarAmoudi,andNicolaCallaghan 1. Introduction 177 2. Methodology 178 viii Contents 3. CEinconstruction/builtenvironment 178 4. Conclusionsanddiscussion 186 References 186 12. The role of ecodesign inthe circular economy 189 KarineVanDoorsselaer 1. Introduction 189 2. Ecodesign 190 3. Ecodesigntools 198 4. Theroleofthedesignerinthevaluechain 203 5. Conclusion 204 References 205 Furtherreading 205 13. Sustainable finance andcircular economy 207 AnastasiosSepetis 1. Introduction 207 2. Sustainablefinanceandcirculareconomypolicies 208 3. Theenvironmental,social,andgovernance(ESG)riskandthecircularrisk 212 4. Sustainablefinanceandcirculareconomyforasustainable capitalmarket 216 5. Resultsanddiscussion 221 6. Conclusion 223 References 225 14. How to advance sustainable andcircular economy-orientedpublic procurement—A review of the operational environment and a case study from the Kymenlaakso region in Finland 227 R.Husgafvel,L.Linkosalmi,D.Sakaguchi,andM.Hughes 1. Introduction 227 2. Aimsofthestudy 242 3. Materialandmethods 242 4. Results 244 5. Discussion 254 6. Conclusions 267 Acknowledgments 270 References 270 Contents ix 15. A framework tointegrate circular economy principles into public procurement 279 IoannisE.Nikolaou,ThomasA.Tsalis,andKonstantinosI.Vatalis 1. Introduction 279 2. Theoreticalunderpinnings 280 3. Methodology 283 4. Computationalexamplesandresults 286 5. Conclusionanddiscussion 286 References 289 16. The role of publicpolicy inthe promotion ofsustainability bymeans of corporate social responsibility: The case of the chemicalssector worldwide 293 JoanaCosta,ManuelaCastroSilva,andT^aniaFreitas 1. Introduction 293 2. Literaturereview 294 3. Methodology 301 4. Econometricestimations 302 5. Conclusionsandpolicyrecommendations 304 References 305 17. Awareness-led social labon circular economy in Switzerland: Exploring serendipity 309 DaryaGerasimenkoandEricaMazerolle-Castillo 1. Introduction 309 2. BeyondWaste:CircularResourcesLab2018 311 3. Theserendipitouslearningsfromtheexperienceofourcohostingteam 318 4. Selectionoftheserendipitousinsightsfromthelabcohortmembers 323 5. Discussion 329 Acknowledgments(Financialsupport) 331 References 331 18. How circular design atsignify brings economic, environmental, and social value 335 AntonBrummelhuisandThomasMarinelli 1. Introduction 335 2. Sustainabledesignforbrighterlivesandabetterworld 336
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