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Achievement of Sustainable Development Goals through the Implementation of Circular Economy and Developing Regional Cooperation

Author

Listed:
  • Natālija Cudečka-Puriņa

    (Department of Management, BA School of Business and Finance, LV-1013 Riga, Latvia)

  • Dzintra Atstāja

    (Department of Management, BA School of Business and Finance, LV-1013 Riga, Latvia
    Legal Department, Faculty of Law, Rīga Stradiņš University, LV-1007 Riga, Latvia)

  • Viktor Koval

    (Institute of Market and Economic-Ecological Researches of the National Academy of Sciences of Ukraine, 65000 Odesa, Ukraine)

  • Māris Purviņš

    (Department of Management, BA School of Business and Finance, LV-1013 Riga, Latvia)

  • Pavlo Nesenenko

    (Odesa National Economic University, 65000 Odesa, Ukraine)

  • Oleksandr Tkach

    (Institute of Market and Economic-Ecological Researches of the National Academy of Sciences of Ukraine, 65000 Odesa, Ukraine)

Abstract

Circular economy is a tool based on the inclusion of environmental, social, and governance performance (ESG) in decision-making to achieve sustainable development goals (SDG). In recent years, it has become clear that business-as-usual has nothing to do with sustainability, and alternative business models, primarily on technological grounds, must be implemented to mitigate the damage caused by significant and unpredictable effects of climate change. The current situation requires unprecedented and urgent changes to policies and business development models. The current research aimed to target on industrial symbiosis as one of the business models of the circular economy. It evaluated the benefits of symbiosis and the fostering of cooperation between industries and, consequently, has a major impact on resource efficiency ratios. The research is based on quantitative and qualitative research methods, including a literature review, assessment, and application of the triangulation method. As a result of this research, the authors realized a matrix for the development of regional or cross-country industrial symbiosis that can be used by policymakers to foster the development of symbiotic interconnections on a wide scale. The authors also recommend the development of the Baltic University Program (BUP) network center of excellence and methodological justification for industries to engage in industrial symbiosis (IS).

Suggested Citation

  • Natālija Cudečka-Puriņa & Dzintra Atstāja & Viktor Koval & Māris Purviņš & Pavlo Nesenenko & Oleksandr Tkach, 2022. "Achievement of Sustainable Development Goals through the Implementation of Circular Economy and Developing Regional Cooperation," Energies, MDPI, vol. 15(11), pages 1-18, June.
    • Handle: RePEc:gam:jeners:v:15:y:2022:i:11:p:4072-:d:829763
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    References listed on IDEAS

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    1. Belmonte-Ureña, Luis Jesús & Plaza-Úbeda, José Antonio & Vazquez-Brust, Diego & Yakovleva, Natalia, 2021. "Circular economy, degrowth and green growth as pathways for research on sustainable development goals: A global analysis and future agenda," Ecological Economics, Elsevier, vol. 185(C).
    2. Biljana Mileva-Boshkoska & Borut Rončević & Erika Džajić Uršič, 2018. "Modeling and Evaluation of the Possibilities of Forming a Regional Industrial Symbiosis Networks," Social Sciences, MDPI, vol. 7(1), pages 1-26, January.
    3. Angela Neves & Radu Godina & Susana G. Azevedo & Carina Pimentel & João C.O. Matias, 2019. "The Potential of Industrial Symbiosis: Case Analysis and Main Drivers and Barriers to Its Implementation," Sustainability, MDPI, vol. 11(24), pages 1-68, December.
    4. Joost Vogtländer & David Peck & Dorota Kurowicka, 2019. "The Eco-Costs of Material Scarcity, a Resource Indicator for LCA, Derived from a Statistical Analysis on Excessive Price Peaks," Sustainability, MDPI, vol. 11(8), pages 1-20, April.
    5. Zając, P. & Avdiushchenko, A., 2020. "The impact of converting waste into resources on the regional economy, evidence from Poland," Ecological Modelling, Elsevier, vol. 437(C).
    6. Gheorghe H. Popescu & Violeta Sima & Elvira Nica & Ileana Georgiana Gheorghe, 2017. "Measuring Sustainable Competitiveness in Contemporary Economies—Insights from European Economy," Sustainability, MDPI, vol. 9(7), pages 1-26, July.
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    Cited by:

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    3. Giselle Rentería Núñez & David Perez-Castillo, 2023. "Business Models for Industrial Symbiosis: A Literature Review," Sustainability, MDPI, vol. 15(12), pages 1-24, June.
    4. Letycja Sołoducho-Pelc & Adam Sulich, 2022. "Natural Environment Protection Strategies and Green Management Style: Literature Review," Sustainability, MDPI, vol. 14(17), pages 1-25, August.

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