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The Circular Economy Practices in the European Union: Eco-Innovation and Sustainable Development

Author

Listed:
  • Bahman Peyravi

    (Institute of Business and Economics, Faculty of Public Governance and Business, Mykolas Romeris University, LT-08303 Vilnius, Lithuania)

  • Kęstutis Peleckis

    (Institute of Business and Economics, Faculty of Public Governance and Business, Mykolas Romeris University, LT-08303 Vilnius, Lithuania)

  • Tadas Limba

    (Institute of Business and Economics, Faculty of Public Governance and Business, Mykolas Romeris University, LT-08303 Vilnius, Lithuania)

  • Valentina Peleckienė

    (Department of Management, Faculty of Business Management, Vilnius Gediminas Technical University, Saulėtekio al. 11, LT-10223 Vilnius, Lithuania)

Abstract

This study examines whether there is convergence in eco-innovation by comparing the circular economy practices of European Union Member States. The European Union Member States’ eco-innovation initiatives in the circular economy are the foundation for their interpretation of their relative efficiencies. In 2015, the European Commission granted sanction to the Circular Economy Package, in accordance with the European Union’s (EU) objective of transitioning to a low-carbon economy that is competitive, resource-efficient, and environmentally sustainable. This compilation includes legislative proposals and a comprehensive action plan for refuse management. Subsequently, in January 2018, additional measures were implemented to guarantee the successful implementation of the action plan. Concurrently, numerous European Union Member States implemented substantial strategies to facilitate this transition. The current systematic literature review is conducted using the “SALSA method”, which commences with a scoping search, progresses to an evaluation, and concludes with synthesis and analysis. Its purpose was to elucidate the circular economy practices and eco-innovation activities in the European Union. The objective of this assessment is to provide a concise overview of the most recent developments and initiatives that have been implemented in the European Union since the Circular Economy Package was adopted. Furthermore, it will evaluate the strategies implemented by particular Member States in this context. Methods of scientific literature analysis, including systematic, comparative, content analysis, grouping, comparison, SALSA, and TOPSIS methods, are used in this study.

Suggested Citation

  • Bahman Peyravi & Kęstutis Peleckis & Tadas Limba & Valentina Peleckienė, 2024. "The Circular Economy Practices in the European Union: Eco-Innovation and Sustainable Development," Sustainability, MDPI, vol. 16(13), pages 1-21, June.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:13:p:5473-:d:1423764
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    References listed on IDEAS

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    2. Kiani Mavi, Reza & Kiani Mavi, Neda, 2021. "National eco-innovation analysis with big data: A common-weights model for dynamic DEA," Technological Forecasting and Social Change, Elsevier, vol. 162(C).
    3. Chiou, Tzu-Yun & Chan, Hing Kai & Lettice, Fiona & Chung, Sai Ho, 2011. "The influence of greening the suppliers and green innovation on environmental performance and competitive advantage in Taiwan," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 47(6), pages 822-836.
    4. Yu-Shan Chen & Shyh-Bao Lai & Chao-Tung Wen, 2006. "The Influence of Green Innovation Performance on Corporate Advantage in Taiwan," Journal of Business Ethics, Springer, vol. 67(4), pages 331-339, September.
    5. Kirchherr, Julian & Reike, Denise & Hekkert, Marko, 2017. "Conceptualizing the circular economy: An analysis of 114 definitions," Resources, Conservation & Recycling, Elsevier, vol. 127(C), pages 221-232.
    6. Rennings, Klaus, 2000. "Redefining innovation -- eco-innovation research and the contribution from ecological economics," Ecological Economics, Elsevier, vol. 32(2), pages 319-332, February.
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