On the Relationship between Circular and Innovation Approach to Economy

The first and most important target of the industrial world is to offer products that appeal to customers’ demands (affordable prices), while at the same time, respect the global effort of CO<sub>2</sub> emissions reductions, which is required under strict emissions rules. There is, howe...

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Autores principales:	Panagiotis Stavropoulos, Alexios Papacharalampopoulos, Konstantinos Tzimanis, Demetris Petrides, George Chryssolouris
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	circular economy innovation economy environmental sustainability environmental impact Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
Acceso en línea:	https://doaj.org/article/c4871a1cba70424390f02bb2e3e9b15b
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spelling	oai:doaj.org-article:c4871a1cba70424390f02bb2e3e9b15b2021-11-11T19:31:36ZOn the Relationship between Circular and Innovation Approach to Economy10.3390/su1321118292071-1050https://doaj.org/article/c4871a1cba70424390f02bb2e3e9b15b2021-10-01T00:00:00Zhttps://www.mdpi.com/2071-1050/13/21/11829https://doaj.org/toc/2071-1050The first and most important target of the industrial world is to offer products that appeal to customers’ demands (affordable prices), while at the same time, respect the global effort of CO<sub>2</sub> emissions reductions, which is required under strict emissions rules. There is, however, an apparent contradiction between the two concepts; productivity and sustainability, leading to two strategies—innovation economy and circular economy, respectively. To this end, this work aims, through modeling the long-term environmental impact of producing new goods in short terms (innovation economy) and impact of rebuying, repairing and reusing products for extended use (circular economy), to study the relationship between the two economies. For this purpose, the terms of innovation and circular economy are introduced and described, in order to define the environmental impact during the lifecycle of a product. Two products are assessed for this study—a well-known, medium price vehicle, as well as an expensive mobile phone with several generations. The cost of purchase and the recurring costs are used as indicators of environmental impact, instead of calculating the impact directly for the production phase, due to the enormous size of the production data that are desired. The results, despite being indicative of the modelling complexity, can still be used to pave the way towards a modelling framework, proving, at the same time, that innovation and circular economy are not contradictive concepts.Panagiotis StavropoulosAlexios PapacharalampopoulosKonstantinos TzimanisDemetris PetridesGeorge ChryssolourisMDPI AGarticlecircular economyinnovation economyenvironmental sustainabilityenvironmental impactEnvironmental effects of industries and plantsTD194-195Renewable energy sourcesTJ807-830Environmental sciencesGE1-350ENSustainability, Vol 13, Iss 11829, p 11829 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	circular economy innovation economy environmental sustainability environmental impact Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
spellingShingle	circular economy innovation economy environmental sustainability environmental impact Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350 Panagiotis Stavropoulos Alexios Papacharalampopoulos Konstantinos Tzimanis Demetris Petrides George Chryssolouris On the Relationship between Circular and Innovation Approach to Economy
description	The first and most important target of the industrial world is to offer products that appeal to customers’ demands (affordable prices), while at the same time, respect the global effort of CO<sub>2</sub> emissions reductions, which is required under strict emissions rules. There is, however, an apparent contradiction between the two concepts; productivity and sustainability, leading to two strategies—innovation economy and circular economy, respectively. To this end, this work aims, through modeling the long-term environmental impact of producing new goods in short terms (innovation economy) and impact of rebuying, repairing and reusing products for extended use (circular economy), to study the relationship between the two economies. For this purpose, the terms of innovation and circular economy are introduced and described, in order to define the environmental impact during the lifecycle of a product. Two products are assessed for this study—a well-known, medium price vehicle, as well as an expensive mobile phone with several generations. The cost of purchase and the recurring costs are used as indicators of environmental impact, instead of calculating the impact directly for the production phase, due to the enormous size of the production data that are desired. The results, despite being indicative of the modelling complexity, can still be used to pave the way towards a modelling framework, proving, at the same time, that innovation and circular economy are not contradictive concepts.
format	article
author	Panagiotis Stavropoulos Alexios Papacharalampopoulos Konstantinos Tzimanis Demetris Petrides George Chryssolouris
author_facet	Panagiotis Stavropoulos Alexios Papacharalampopoulos Konstantinos Tzimanis Demetris Petrides George Chryssolouris
author_sort	Panagiotis Stavropoulos
title	On the Relationship between Circular and Innovation Approach to Economy
title_short	On the Relationship between Circular and Innovation Approach to Economy
title_full	On the Relationship between Circular and Innovation Approach to Economy
title_fullStr	On the Relationship between Circular and Innovation Approach to Economy
title_full_unstemmed	On the Relationship between Circular and Innovation Approach to Economy
title_sort	on the relationship between circular and innovation approach to economy
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/c4871a1cba70424390f02bb2e3e9b15b
work_keys_str_mv	AT panagiotisstavropoulos ontherelationshipbetweencircularandinnovationapproachtoeconomy AT alexiospapacharalampopoulos ontherelationshipbetweencircularandinnovationapproachtoeconomy AT konstantinostzimanis ontherelationshipbetweencircularandinnovationapproachtoeconomy AT demetrispetrides ontherelationshipbetweencircularandinnovationapproachtoeconomy AT georgechryssolouris ontherelationshipbetweencircularandinnovationapproachtoeconomy
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On the Relationship between Circular and Innovation Approach to Economy

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