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Fostering Circular Economy: Economic Reforms for Sustainable Consumption and Resource Efficiency

Fostering Circular Economy: Economic Reforms for Sustainable Consumption and Resource Efficiency
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Author(s): Dhruv Sabharwal (Sharda University, India)and Vishal Jain (SSET, India)
Copyright: 2025
Pages: 22
Source title: Social System Reforms to Achieve Global Sustainability
Source Author(s)/Editor(s): Mohamad Mokdad (Independent Researcher, Lebanon)
DOI: 10.4018/979-8-3373-1280-4.ch004

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Abstract

Moving toward a circular economy from a linear system represents our best strategy to handle global issues which include declining resources and environmental destruction and excessive consumption. This chapter investigates how economic reforms promote circular economy concepts by specifically analyzing sustainable consumption together with resource efficiency. Experimental data from current consumer patterns together with state-of-the-art policy development techniques and international benchmarking methods enables this study to discover methods for both conserving resources and reducing waste. This chapter delivers practical guidance which enables governments and business entities and stakeholders to create circular economy principles for their national and worldwide economic strategies while helping fulfill Sustainable Development Goals 12 and 13. The published findings support the development of sustainable economic growth practices along with just resource sharing systems.

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