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Investments to Develop Business Models and Projects in the Circular Economy

  • Dzintra Atstāja
  • , Inga Uvarova
  • , K. Stokmane
  • , Astrīda Ģēģere-Zetterstroma
  • , Sandra Kraže
  • , Astrīda Ģēģere-Zetterstroma
  • , Gaļina Zapletnuka
  • , Kate Štokmane
  • , Sandra Kraže
  • , Viktorija Alberte
  • , Dārta Kamilla Kambala
  • , Inga Uvarova
  • , Gaļina Zapletnuka
  • , Dārta Kamilla Kambala
  • , Viktorija Alberte
  • BANKU AUGSTSKOLA

Research output: Chapter in Book/Report/Conference proceedingConference paperResearchpeer-review

11 Citations (Scopus)

Abstract

The development of a sustainable economy and the efficient use of resources are now playing an increasingly important role in the circular economy. Unlike the linear economy, the economy contributes to keeping the value of products, materials, and resources in the economy as long as possible, while at the same time reducing both waste volume and raw material consumption and their environmental impact. The topicality of the research is illustrated by the limited amount of natural resources, climate change and sustainable economic growth, which is pursued by both countries and companies. It is in the economic interest of society as a whole to use existing resources in the best possible way. In addition, the introduction of the circular economy is expected to open up broad opportunities for economic growth for both businesses and consumers. The transition to a circular economic business model requires investment. Funding can be raised through different types of projects, but there is little or no information available in the public area about where and how to obtain financing for circular economy-related projects and what are the general benefits for the company from environmentally-friendly activities.

Original languageEnglish
Title of host publicationIOP Conference Series: Earth and Environmental Science
Volume578
Edition1
DOIs
Publication statusPublished - 3 Nov 2020

Publication series

NameIOP Conference Series: Earth and Environmental Science
PublisherInstitute of Physics
ISSN (Print)1755-1307

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

  1. SDG 8 - Decent Work and Economic Growth
    SDG 8 Decent Work and Economic Growth
  2. SDG 9 - Industry, Innovation, and Infrastructure
    SDG 9 Industry, Innovation, and Infrastructure
  3. SDG 13 - Climate Action
    SDG 13 Climate Action

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