The Circular Economy’s Closed Loop and Product Service Systems for Sustainable Development: A Comprehensive Review and Appraisal

Camilleri, M.A. (2018). The Circular Economy’s Closed Loop and Product Service Systems for Sustainable Development: A Review and Appraisal. Sustainable Development, Forthcoming.

17 Pages Posted: 31 Oct 2018

See all articles by Mark Anthony Camilleri

Mark Anthony Camilleri

University of Malta; University of Edinburgh

Date Written: October 9, 2018

Abstract

The circular economy (CE) has recently stimulated debates on sustainable consumption and production; Its regenerative systems minimise the environmental impact as practitioner reduce their externalities, including; waste, emissions, and energy leakages through the use and reuse of resources. Therefore, this review paper examines relevant regulatory guidelines, policies and recommendations on sustainable development; where it traces the origins of CE. Afterwards, it sheds light on key theoretical underpinnings on CE’s closed loop and product service systems. This contribution offers a critique on CE’s inherent limitations and discusses about the implications of having regulatory interventions that are intended to encourage responsible consumption and production behaviours. In conclusion, this contribution implies that CE is creating value to business and the environmental dimensions. This sustainable development model has potential to unleash a new wave of operational efficiencies through reduced throughput in production processes; as practitioners repair, reuse, remanufacture, refurbish, and recycle resources, whilst safeguarding the natural environment.

Keywords: Circular Economy, Environmental Policy, Closed Loop, Product service Systems, Sustainability, Resource Efficiency, Recycling Resources, Reusing Resources, Restoring Resources, Reducing Resources, Sustainable Production, Sustainable Consumption

JEL Classification: Q00, Q01, Q1, Q2, Q3, Q4, Q5, Q10, Q20, Q30, Q40, Q50, M0, M1

Suggested Citation

Camilleri, Mark, The Circular Economy’s Closed Loop and Product Service Systems for Sustainable Development: A Comprehensive Review and Appraisal (October 9, 2018). Camilleri, M.A. (2018). The Circular Economy’s Closed Loop and Product Service Systems for Sustainable Development: A Review and Appraisal. Sustainable Development, Forthcoming.. Available at SSRN: https://ssrn.com/abstract=3263361

Mark Camilleri (Contact Author)

University of Malta ( email )

Department of Corporate Communication,
Faculty of Media and Knowledge Sciences
Msida, MSD2080
Malta
79314808 (Phone)

HOME PAGE: http://https://www.um.edu.mt/profile/markacamilleri

University of Edinburgh

27 Buccheluech Place,
The Business School
Edinburgh, Scotland EH8 9JS
United Kingdom

Register to save articles to
your library

Register

Paper statistics

Downloads
32
Abstract Views
155
PlumX Metrics