{"title":"Energy transition and the role of circular supply chains: toward resource efficiency and sustainable economic practices","authors":"Liang Cheng","doi":"10.1007/s10644-024-09655-4","DOIUrl":null,"url":null,"abstract":"<p>This study examines the various complex elements essential for shifting toward a circular economy (CE). Panel data from 27 European Union (EU) countries and the UK are utilized for this purpose. This research investigates the convergence of socioeconomic, environmental, institutional, and demographic elements, specifically focusing on the environmental deterioration, inequity, and asymmetry that have been exacerbated in the three years since the COVID-19 pandemic (2019–2022). Concurrently, the lack of energy in the Eurozone poses significant obstacles to the cohesiveness of society and the successful execution of (C.E) policy. The main objective of this study is to thoroughly examine how the circular economy is impacted by innovation, population density, changes in the structure of the energy market, environmental sustainability, institutional efficacy, and social safety nets. Results indicate a strong and favorable relationship between involvement in circular economy projects and attributes including resource efficiency, entrepreneurial endeavors, and institutional quality. The analysis findings suggest a positive correlation between the level of social protection provided to the populace and their propensity to adopt CE principles. Currently, EU member states rely more on raw materials than they can recycle. It is also crucial to emphasize that a mere 1% increase in the market dominance of the top producers of natural gas and electricity is associated with a corresponding drop in the circularity rate of 0.33% and 0.30%, respectively. These results suggest that uneven competition in the energy markets may jeopardize EU member states' efforts to collect garbage for recycling.</p>","PeriodicalId":46127,"journal":{"name":"Economic Change and Restructuring","volume":"52 1","pages":""},"PeriodicalIF":4.0000,"publicationDate":"2024-03-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economic Change and Restructuring","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1007/s10644-024-09655-4","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
This study examines the various complex elements essential for shifting toward a circular economy (CE). Panel data from 27 European Union (EU) countries and the UK are utilized for this purpose. This research investigates the convergence of socioeconomic, environmental, institutional, and demographic elements, specifically focusing on the environmental deterioration, inequity, and asymmetry that have been exacerbated in the three years since the COVID-19 pandemic (2019–2022). Concurrently, the lack of energy in the Eurozone poses significant obstacles to the cohesiveness of society and the successful execution of (C.E) policy. The main objective of this study is to thoroughly examine how the circular economy is impacted by innovation, population density, changes in the structure of the energy market, environmental sustainability, institutional efficacy, and social safety nets. Results indicate a strong and favorable relationship between involvement in circular economy projects and attributes including resource efficiency, entrepreneurial endeavors, and institutional quality. The analysis findings suggest a positive correlation between the level of social protection provided to the populace and their propensity to adopt CE principles. Currently, EU member states rely more on raw materials than they can recycle. It is also crucial to emphasize that a mere 1% increase in the market dominance of the top producers of natural gas and electricity is associated with a corresponding drop in the circularity rate of 0.33% and 0.30%, respectively. These results suggest that uneven competition in the energy markets may jeopardize EU member states' efforts to collect garbage for recycling.
期刊介绍：
Economic Change and Restructuring has been accepted for SSCI and will get its first Impact Factor in 2020!Since the early 1990s fundamental changes in the world economy, under the auspices of increasing globalisation, have taken place
On one hand, the disappearance of the centrally planned economies and the progressive formation of market-oriented economies, have brought about countless systematic changes, where new economic structures, institutions, competences and skills involve complex processes, changes which are still underway and which necessitate adaptation and restructuring to form competitive market economies.
On the other hand, many developing economies are making great strides as regards economic reform and liberalisation, and are emerging as new global players. They show an innovative capacity to position themselves in the global economy and to compete with industrialised countries, which are generally believed to be witnessing the rapid erosion of their established positions. These developments are accompanied by the exacerbation of the world competition.
Both processes involve transition and the emerging economies, in searching for a new role and scope for public policies and for a new balance between public and private partnership, seem to currently be converging, especially with respect to the policies needed to create appropriate and effective market institutions and integrated reform policies, and to increase the standards of the population''s education levels.
Thus, liberalisation and development policies, in attempting to strike a difficult balance between social and environmental needs, must be integrated more coherently. This complexity calls for new analytical and empirical approaches that can explain these new phenomena, which often go beyond the over-simplified facts and conventional ''wisdom'' that emerged at the start of the transition in the early 1990s.
Economic Change and Restructuring (formerly ''Economics of Planning''), by keeping abreast of developments affecting both transitional and emerging economies, is aimed to attract original empirical and policy analysis contributions that are focused on various issues, including macroeconomic analysis, fiscal issues, finance and banking, industrial and trade development, and regional and local development issues.
The journal aspires to publish cutting edge research and to serve as a forum for economists and policymakers working in these fields.Officially cited as: Econ Change Restruct
京公网安备 11010802042870号
京ICP备2023020795号-1
分享
求助内容：
应助结果提醒方式：
扫码关注我们
