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Theoretical and Practical Approaches of Circular Economy for Business Models and Technological Solutions

Author

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  • Csaba Fogarassy

    (Climate Change Economics Research Centre, Faculty of Economics and Social Sciences, Szent Istvan University, Pater Karoly 1, 2100 Gödöllő, Hungary)

  • David Finger

    (School of Science and Engineering, Reykjavik University, 101 Reykjavík, Iceland)

Abstract

Circular solutions are essential to tackle the imminent challenges of depleting resources and emerging environmental problems. The complex nature of material and energy systems and the changing economic and technological conditions depend on regional settings and accordingly result differently in developed and rapidly developing countries of the world. A wide variety of theoretical approaches can be used to facilitate a shift from the linear use of resources to circular systems, e.g., circular product planning, zero waste management, service-based repairing, refurbishing, and remanufacturing, to name just a few. The introduction and examination of circular solutions can be based on theoretical models in order to guarantee and ensure a successful application. The successful application of innovative technology approaches, business solutions, and organizational development can be facilitated through theoretical models and new scientific results that support innovation processes. The presented article focuses on sustainable and innovative methods that help and enable the proper use and recovery of resources.

Suggested Citation

  • Csaba Fogarassy & David Finger, 2020. "Theoretical and Practical Approaches of Circular Economy for Business Models and Technological Solutions," Resources, MDPI, vol. 9(6), pages 1-9, June.
    • Handle: RePEc:gam:jresou:v:9:y:2020:i:6:p:76-:d:374548
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    References listed on IDEAS

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    1. Balint Horvath & Edmund Mallinguh & Csaba Fogarassy, 2018. "Designing Business Solutions for Plastic Waste Management to Enhance Circular Transitions in Kenya," Sustainability, MDPI, vol. 10(5), pages 1-20, May.
    2. Nora Amberg & Csaba Fogarassy, 2019. "Green Consumer Behavior in the Cosmetics Market," Resources, MDPI, vol. 8(3), pages 1-19, July.
    3. Mateusz Lewandowski, 2016. "Designing the Business Models for Circular Economy—Towards the Conceptual Framework," Sustainability, MDPI, vol. 8(1), pages 1-28, January.
    4. Balint Horvath & Miriam Bahna & Csaba Fogarassy, 2019. "The Ecological Criteria of Circular Growth and the Rebound Risk of Closed Loops," Sustainability, MDPI, vol. 11(10), pages 1-15, May.
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    1. Victoria Akberdina & Wadim Strielkowski & Natalia Linder & Sergey Kashirin & Lyudmila Shmeleva, 2023. "Information Technology and Digital Sufficiency for Building the Sustainable Circular Economy," Energies, MDPI, vol. 16(3), pages 1-14, January.

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