| Title |
Macroeconomic and environmental impacts of circular economy innovation policy |
| ID_Doc |
431 |
| Authors |
Boonman, H; Verstraten, P; van der Weijde, AH |
| Title |
Macroeconomic and environmental impacts of circular economy innovation policy |
| Year |
2023 |
| Published |
|
| DOI |
10.1016/j.spc.2022.10.025 |
| Abstract |
In this paper, we quantify the macroeconomic and environmental impacts of an innovation-driven shift towards a circular economy, with specific emphasis on distribution impacts across regions and sectors. In contrast to most of the existing literature, we use a very wide range of circular economy objectives, taken from recently published Circular Economy Strategic Research Agenda, developed for the European Commission. We first quantify the qualitative objectives, and then use a multi-region Computable General Equilibrium model to estimate economic and environmental impacts of the entire agenda and its sub-components. We show that although many elements of a circular future have strong positive economic and environmental effects, only a wide-ranging portfolio of measures can address a wide range of pollutants. We also show that a shift to a circular economy can have large distributional effects, geographically but especially between individual sectors. This demonstrates that cir-cular economy policy is unlikely to be feasible and socially accepted without the support of complementary re -distributional policies. (c) 2022 Institution of Chemical Engineers. Published by Elsevier Ltd. All rights reserved. |
| Author Keywords |
Circular economy; CGE modelling; Environmental impact; Macroeconomics; Innovation policy |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Science Citation Index Expanded (SCI-EXPANDED); Social Science Citation Index (SSCI) |
| EID |
WOS:000975853000001 |
| WoS Category |
Green & Sustainable Science & Technology; Environmental Studies |
| Research Area |
Science & Technology - Other Topics; Environmental Sciences & Ecology |
| PDF |
https://doi.org/10.1016/j.spc.2022.10.025
|