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Economic Change and Restructuring

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01-04-2024

Circular economy and biomass utilization: economic prospect for sustainable energy transition in China

Authors: Boyang Chen, Canghong Wang

Published in: Economic Change and Restructuring | Issue 2/2024

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Abstract

The move to sustainable energy is crucial as China balances fast economic expansion and environmental sustainability. This paper examines the complex interaction between the circular economy and biomass consumption as drivers of sustainable energy transition in China. This paper examines the economic possibilities of various measures to promote green development and decrease environmental consequences. In recent years, China's circular economy activities on resource efficiency, waste reduction, and recycling have grown., including agricultural leftovers, forest debris, and organic waste streams, may provide renewable energy and reduce emissions. This paper uses economic, environmental, and policy Biomass resources evaluations to examine the economic feasibility of circular economy concepts and biomass consumption in China. Current practices, technology advances, and regulatory frameworks are examined to see whether these measures may help China's sustainable energy transition objectives. The research examines the synergies and trade-offs of circular economy practices and biomass consumption on job creation, energy security, greenhouse gas emissions, and economic development. We assess the economic viability of incorporating these technologies into China's energy environment via case studies and scenario assessments. This study should educate policymakers, entrepreneurs, and stakeholders on China's sustainable energy transition, circular economy, and biomass use economic potential and obstacles. This research adds to the sustainable development debate and helps shape China's energy future more sustainably and economically viable.

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Title: Circular economy and biomass utilization: economic prospect for sustainable energy transition in China
Authors: Boyang Chen
Canghong Wang
Publication date: 01-04-2024
Publisher: Springer US
Published in: Economic Change and Restructuring / Issue 2/2024
Print ISSN: 1573-9414
Electronic ISSN: 1574-0277
DOI: https://doi.org/10.1007/s10644-024-09645-6

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