2025, Vol. 7, Issue 10, Part B

Author(s): Mohit Singh Rautela and Pankaj Singh

Abstract: The circular economy, an economic model aimed at minimizing waste and maximizing resource efficiency, contrasts with the traditional linear economy of take-make-dispose. This model's implementation hinges significantly on the political economy framework, which shapes policies and regulatory mechanisms crucial for its adoption and success. Institutions play pivotal roles in crafting and enforcing policies that promote sustainable practices, resource conservation, and innovative recycling technologies. Effective participation ensures that diverse perspectives and expertise contribute to the development and implementation of comprehensive circular economy strategies. Good governance, characterized by transparency, accountability, and inclusivity, is essential in this context. Political will, institutional commitment, and governance excellence must synergize to navigate the challenges and harness the benefits of a circular economic system. This holistic framework not only advances environmental sustainability but also fortifies the economic foundations, paving the way for long-term stability and prosperity.

DOI: 10.33545/26646021.2025.v7.i10b.715

Pages: 128-140 | Views: 73 | Downloads: 7

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