Prioritization of sustainability indicators for promoting the circular economy

The case of developing countries

Sue Lin Ngan, Bing Shen How, Sin Yong Teng, Michael Angelo B. Promentilla, Puan Yatim, Ah Choy Er, Hon Loong Lam

Research output: Contribution to journalArticle

Abstract

The concept of the circular economy has gained well-recognition across the world for the past decades. With the heightening risk of the impact of climate change, resource scarcity to meet the increasing world population, the need to transition to a more sustainable development model is urgent. The circular economy is often cited as one of the best solutions to support sustainable development. However, the diffusion of this concept in the industrial arena is still relatively slow, particularly in the developing country, which collectively exerts high potential to be the world's largest economies and workforce. It is crucial to make sure that the development of these nations is sustainable and not bearing on the cost of future generations. Thus, this work aims to provide a comprehensive review of the circular economy concept in developing country context. Furthermore, a novel model is proposed by adopting Fuzzy Analytics Network Process (FANP) to quantify the priority weights of the sustainability indicators to provide guidelines for the industry stakeholders at different stages of industry cycle to transition toward the circular economy. The results revealed that improvement in economic performance and public acceptance are the key triggers to encourage stakeholders for sustainable development. The outcomes serve as a reference to enhance the overall decision-making process of industry stakeholders. Local authorities can adopt the recommendations to design policy and incentive that encourage the adoption of circular economy in real industry operation to spur up economic development, without neglecting environmental well-being and jeopardizing social benefits.

Original languageEnglish
Pages (from-to)314-331
Number of pages18
JournalRenewable and Sustainable Energy Reviews
Volume111
DOIs
Publication statusPublished - 1 Sep 2019

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Developing countries
Sustainable development
Industry
Bearings (structural)
Economics
Climate change
Decision making
Costs

Keywords

  • Circular economy
  • Fuzzy analytic network process (FANP)
  • Industry life-cycle analysis
  • Palm oil industry
  • Sustainable development

ASJC Scopus subject areas

  • Renewable Energy, Sustainability and the Environment

Cite this

Prioritization of sustainability indicators for promoting the circular economy : The case of developing countries. / Ngan, Sue Lin; How, Bing Shen; Teng, Sin Yong; Promentilla, Michael Angelo B.; Yatim, Puan; Er, Ah Choy; Lam, Hon Loong.

In: Renewable and Sustainable Energy Reviews, Vol. 111, 01.09.2019, p. 314-331.

Research output: Contribution to journalArticle

Ngan, Sue Lin ; How, Bing Shen ; Teng, Sin Yong ; Promentilla, Michael Angelo B. ; Yatim, Puan ; Er, Ah Choy ; Lam, Hon Loong. / Prioritization of sustainability indicators for promoting the circular economy : The case of developing countries. In: Renewable and Sustainable Energy Reviews. 2019 ; Vol. 111. pp. 314-331.
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