Skip to main content
main-content
Top

Hint

Swipe to navigate through the chapters of this book

2021 | OriginalPaper | Chapter

Recourse to the Circular Economy: The Path Ahead

Author: Robin Singhal

Published in: Sustainable Development Insights from India

Publisher: Springer Singapore

share
SHARE

Abstract

Advancements in science and technology have raised our understanding regarding the levels and types of unsustainability to a greater degree. The world is facing formidable challenges in laying down a path towards a sustainable economy. Undoubtedly, several supply-side factors are crucial in sustainability discourse. However, the demand-side factors have a critical role to play in determining—how long-term sustainability would unfold? Globally, the concept of the circular economy (CE) is being advocated as an effective means of ensuring sustainable consumption and production patterns in the times ahead. In this backdrop, this chapter provides a review of the conceptual foundations of the CE as was first proposed by Pearce and Turner, and analyses the scope and methodological framework of CE in terms of its inter-linkages with other fields such as industrial ecology and ecological economics. It further provides an overview of the recent initiatives of the Government of India towards the adoption of CE. Finally, it puts forth an economic perspective towards CE and highlights some potential hindrances in its mainstreaming from the economic methodology point of view in the realm of the neoclassical economic paradigm. It concludes that there is an urgent need to move beyond the techno-centric and business-oriented understanding of CE to a framework that attempts to integrate with the socio-economic realities and development priorities of the developing economies.
Appendix
Available only for authorised users
Footnotes
1
It refers to the one “in which even a detailed knowledge of one level of a system is insufficient to predict behaviour at a different level” (pg. 4, Graedel and van der Voet, 2010).
 
2
Broadly speaking, these “can be considered as components of one general function of natural environments—the function of life support” (Pearce & Turner, 1990). According to the Millennium Ecosystem Assessment, the ecosystem services are broadly classified as provisioning, regulating, cultural and support services (Costanza et al., 2014).
 
3
The members were Mr. Vishwanath N. Anand, Dr. Prodipto Ghosh, Dr. Tishyarakshit Chatterjee and Mr. Rajen Habib Khwaja (former officials from the MoEFCC); Dr. Ajay Mathur (Bureau of Energy Efficiency); Dr. Ashok Khosla (Development Alternatives); Ms. Seema Arora (Confederation of Indian Industry); Mr. Ravi Agarwal (Toxics Link); Dr. Prasad Modak (Environmental Management Centre); and Ms. Sunita Narain (Centre for Science and Environment).
 
4
How widely such mandates reflect (or capture) the social preferences remains subject to the choice of the voting rule and the pursuit of democratic values and culture in the society as a whole. Such a discussion remains beyond the scope of this study.
 
5
This is not to imply them as being an exhaustive list of such hindrances (or barriers). For instance, Kirchherr et al. (2018) identify a different set of barriers in the implementation of CE for the European Union and classify them as being cultural, market-related, regulatory and technological in nature.
 
Literature
go back to reference Ayres, R. U. (1994). Industrial metabolism: Theory and policy. In: B. R. Allenby & D. J. Richard (Eds.), The greening of industrial ecosystems, Washington, DC: National Academic Press. Ayres, R. U. (1994). Industrial metabolism: Theory and policy. In: B. R. Allenby & D. J. Richard (Eds.), The greening of industrial ecosystems, Washington, DC: National Academic Press.
go back to reference Becker, U., Fernandes, T., Arora, R., Banerjee, A., & Saluja, M.S. (2019). The Indian resource panel: A mechanism to promote resource efficiency policy throughout the Indian economy. In  Waste management and resource efficiency (pp. 275–285). Singapore: Springer. Becker, U., Fernandes, T., Arora, R., Banerjee, A., & Saluja, M.S. (2019). The Indian resource panel: A mechanism to promote resource efficiency policy throughout the Indian economy. In  Waste management and resource efficiency (pp. 275–285). Singapore: Springer.
go back to reference Bruel, A., Kronenberg, J., Troussier, N., & Guillaume, B. (2019). Linking industrial ecology and ecological economics: A theoretical and empirical foundation for the circular economy. Journal of Industrial Ecology, 23(1), 12–21. CrossRef Bruel, A., Kronenberg, J., Troussier, N., & Guillaume, B. (2019). Linking industrial ecology and ecological economics: A theoretical and empirical foundation for the circular economy. Journal of Industrial Ecology, 23(1), 12–21. CrossRef
go back to reference Costanza, R., Cumberland, J. H., Daly, H., Goodland, R., Norgaard, R. B., Kubiszewski, I., & Franco, C. (2014). In: An introduction to ecological economics. CRC Press. Costanza, R., Cumberland, J. H., Daly, H., Goodland, R., Norgaard, R. B., Kubiszewski, I., & Franco, C. (2014). In: An introduction to ecological economics. CRC Press.
go back to reference EEA. (2016). Circular economy in Europe: Developing the knowledge base. European Environment Agency. EEA. (2016). Circular economy in Europe: Developing the knowledge base. European Environment Agency.
go back to reference EU-REI. (2018a). Towards resource efficiency electric vehicle sector in India. European Union’s Resource Efficiency Initiative (EU-REI) Project, New Delhi: Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH. EU-REI. (2018a). Towards resource efficiency electric vehicle sector in India. European Union’s Resource Efficiency Initiative (EU-REI) Project, New Delhi: Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH.
go back to reference EU-REI. (2018b). Greening the solar PV value chain. European Union’s Resource Efficiency Initiative (EU-REI) Project, New Delhi: Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH. EU-REI. (2018b). Greening the solar PV value chain. European Union’s Resource Efficiency Initiative (EU-REI) Project, New Delhi: Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH.
go back to reference EU-REI. (2018c). Fostering resource efficiency in the India building and construction sector. European Union’s Resource Efficiency Initiative (EU-REI) Project, New Delhi: Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH. EU-REI. (2018c). Fostering resource efficiency in the India building and construction sector. European Union’s Resource Efficiency Initiative (EU-REI) Project, New Delhi: Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH.
go back to reference EU-REI. (2018d). Enhancing resource efficiency through extended producer responsibility—sector study on plastic packaging and E-Waste management in India. European Union’s Resource Efficiency Initiative (EU-REI) Project, New Delhi: Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH. EU-REI. (2018d). Enhancing resource efficiency through extended producer responsibility—sector study on plastic packaging and E-Waste management in India. European Union’s Resource Efficiency Initiative (EU-REI) Project, New Delhi: Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH.
go back to reference Geissdoerfer, M., Savaget, P., Bocken, N. M., & Hultink, E. J. (2017). The circular economy–A new sustainability paradigm? Journal of Cleaner Production, 143, 757–768. CrossRef Geissdoerfer, M., Savaget, P., Bocken, N. M., & Hultink, E. J. (2017). The circular economy–A new sustainability paradigm? Journal of Cleaner Production, 143, 757–768. CrossRef
go back to reference Ghisellini, P., Cialani, C., & Ulgiati, S. (2016). A review on circular economy: The expected transition to a balanced interplay of environmental and economic systems. Journal of Cleaner Production, 114, 11–32. CrossRef Ghisellini, P., Cialani, C., & Ulgiati, S. (2016). A review on circular economy: The expected transition to a balanced interplay of environmental and economic systems. Journal of Cleaner Production, 114, 11–32. CrossRef
go back to reference Giampietro, M. (2019). On the circular bioeconomy and decoupling: Implications for sustainable growth. Ecological Economics, 162, 143–156. CrossRef Giampietro, M. (2019). On the circular bioeconomy and decoupling: Implications for sustainable growth. Ecological Economics, 162, 143–156. CrossRef
go back to reference GOI. (2019). Economic survey 2018-19 (Vol. II). New Delhi: Government of India. GOI. (2019). Economic survey 2018-19 (Vol. II). New Delhi: Government of India.
go back to reference Graedel, T. E., & van der Voet, E. (Eds.). (2010). Linkages of sustainability. Cambridge, MA, USA: MIT Press. Graedel, T. E., & van der Voet, E. (Eds.). (2010). Linkages of sustainability. Cambridge, MA, USA: MIT Press.
go back to reference Hussen, A. (2013). Principles of environmental economics and sustainability: An integrated economic and ecological approach (3rd ed.). New York: Routledge. Hussen, A. (2013). Principles of environmental economics and sustainability: An integrated economic and ecological approach (3rd ed.). New York: Routledge.
go back to reference Kirchherr, J., Piscicelli, L., Bour, R., Kostense-Smit, E., Muller, J., Huibrechtse-Truijens, A., et al. (2018). Barriers to the circular economy: Evidence from the European union (EU). Ecological Economics, 150, 264–272. CrossRef Kirchherr, J., Piscicelli, L., Bour, R., Kostense-Smit, E., Muller, J., Huibrechtse-Truijens, A., et al. (2018). Barriers to the circular economy: Evidence from the European union (EU). Ecological Economics, 150, 264–272. CrossRef
go back to reference Kolstad, C. (2012). Intermediate environmental economics. South Asia Edition: Oxford University Press. Kolstad, C. (2012). Intermediate environmental economics. South Asia Edition: Oxford University Press.
go back to reference Korhonen, J., Honkasalo, A., & Seppälä, J. (2018). Circular economy: The concept and its limitations. Ecological Economics, 143, 37–46. CrossRef Korhonen, J., Honkasalo, A., & Seppälä, J. (2018). Circular economy: The concept and its limitations. Ecological Economics, 143, 37–46. CrossRef
go back to reference Manderson, E. J., & Considine, T. J. (2018). An economic perspective on industrial ecology. Review of Environmental Economics and Policy, 12(2), 304–323. CrossRef Manderson, E. J., & Considine, T. J. (2018). An economic perspective on industrial ecology. Review of Environmental Economics and Policy, 12(2), 304–323. CrossRef
go back to reference Millar, N., McLaughlin, E., & Börger, T. (2019). The circular economy: Swings and roundabouts? Ecological Economics, 158, 11–19. CrossRef Millar, N., McLaughlin, E., & Börger, T. (2019). The circular economy: Swings and roundabouts? Ecological Economics, 158, 11–19. CrossRef
go back to reference MoEFCC. (2019). Draft national resource efficiency policy 2019. Ministry of Environment, Forest and Climate Change, New Delhi: Government of India. MoEFCC. (2019). Draft national resource efficiency policy 2019. Ministry of Environment, Forest and Climate Change, New Delhi: Government of India.
go back to reference Murray, A., Skene, K., & Haynes, K. (2017). The circular economy: An interdisciplinary exploration of the concept and application in a global context. Journal of Business Ethics, 140(3), 369–380. CrossRef Murray, A., Skene, K., & Haynes, K. (2017). The circular economy: An interdisciplinary exploration of the concept and application in a global context. Journal of Business Ethics, 140(3), 369–380. CrossRef
go back to reference Nayak, P. B. (2020). Present crises of capitalism and its reforms. Economic and Political Weekly, 55(17), 42–48. Nayak, P. B. (2020). Present crises of capitalism and its reforms. Economic and Political Weekly, 55(17), 42–48.
go back to reference NITI Aayog. (2019a). Strategy on resource efficiency in aluminium sector. New Delhi: National Institution for Transforming India, Government of India. NITI Aayog. (2019a). Strategy on resource efficiency in aluminium sector. New Delhi: National Institution for Transforming India, Government of India.
go back to reference NITI Aayog. (2019b). Strategy on resource efficiency in steel sector. New Delhi: National Institution for Transforming India, Government of India. NITI Aayog. (2019b). Strategy on resource efficiency in steel sector. New Delhi: National Institution for Transforming India, Government of India.
go back to reference NITI Aayog. (2019c). Strategy on resource efficiency in electrical and electronic equipment sector. New Delhi: National Institution for Transforming India, Government of India. NITI Aayog. (2019c). Strategy on resource efficiency in electrical and electronic equipment sector. New Delhi: National Institution for Transforming India, Government of India.
go back to reference NITI Aayog. (2019d). Strategy on resource efficiency in construction and demolition sector. New Delhi: National Institution for Transforming India, Government of India. NITI Aayog. (2019d). Strategy on resource efficiency in construction and demolition sector. New Delhi: National Institution for Transforming India, Government of India.
go back to reference NITI Aayog. (2019e). Resource efficiency and circular economy-current status and way forward. New Delhi: National Institution for Transforming India, Government of India. NITI Aayog. (2019e). Resource efficiency and circular economy-current status and way forward. New Delhi: National Institution for Transforming India, Government of India.
go back to reference Pearce, D. W. & Turner, R. K. (1990). In: Economics of natural resources and the environment. JHU Press. Pearce, D. W. & Turner, R. K. (1990). In: Economics of natural resources and the environment. JHU Press.
go back to reference Richards, D. J., Allenby, B. R., & Frosch, R. A. (1994). The greening of industrial ecosystems: Overview and perspective. In B. R. Allenby & D. J. Richard (Eds.), The greening of industrial ecosystems, Washington, DC: National Academic Press. Richards, D. J., Allenby, B. R., & Frosch, R. A. (1994). The greening of industrial ecosystems: Overview and perspective. In B. R. Allenby & D. J. Richard (Eds.), The greening of industrial ecosystems, Washington, DC: National Academic Press.
go back to reference Saavedra, Y. M., Iritani, D. R., Pavan, A. L., & Ometto, A. R. (2018). Theoretical contribution of industrial ecology to circular economy. Journal of Cleaner Production, 170, 1514–1522. CrossRef Saavedra, Y. M., Iritani, D. R., Pavan, A. L., & Ometto, A. R. (2018). Theoretical contribution of industrial ecology to circular economy. Journal of Cleaner Production, 170, 1514–1522. CrossRef
go back to reference Smith, V. L., & Wilson, B. J. (2019). In Humanomics: Moral sentiments and the wealth of nations for the twenty-first century. Cambridge University Press. Smith, V. L., & Wilson, B. J. (2019). In Humanomics: Moral sentiments and the wealth of nations for the twenty-first century. Cambridge University Press.
go back to reference Stiglitz, J. E. (2017). Markets, States and institutions. In A. Mishra & T. Ray (Eds.), Markets, governance and institutions in the process of economic development: A festschrift in honour of Kaushik Basu. Oxford: Oxford University Press. Stiglitz, J. E. (2017). Markets, States and institutions. In A. Mishra & T. Ray (Eds.), Markets, governance and institutions in the process of economic development: A festschrift in honour of Kaushik Basu. Oxford: Oxford University Press.
go back to reference TERI. (2019). Reference report for national resource efficiency policy for india, prepared for ministry of environment forests and climate change (MoEFCC). New Delhi: Government of India, The Energy and Resources Institute. TERI. (2019). Reference report for national resource efficiency policy for india, prepared for ministry of environment forests and climate change (MoEFCC). New Delhi: Government of India, The Energy and Resources Institute.
go back to reference WEF. (2019). The next frontier: Natural resource targets—Shaping a competitive circular economy within planetary boundaries. White Paper: World Economic Forum. WEF. (2019). The next frontier: Natural resource targets—Shaping a competitive circular economy within planetary boundaries. White Paper: World Economic Forum.
go back to reference Winans, K., Kendall, A., & Deng, H. (2017). The history and current applications of the circular economy concept. Renewable and Sustainable Energy Reviews, 68, 825–833. CrossRef Winans, K., Kendall, A., & Deng, H. (2017). The history and current applications of the circular economy concept. Renewable and Sustainable Energy Reviews, 68, 825–833. CrossRef
Metadata
Title
Recourse to the Circular Economy: The Path Ahead
Author
Robin Singhal
Copyright Year
2021
Publisher
Springer Singapore
DOI
https://doi.org/10.1007/978-981-33-4830-1_13

Premium Partner