Abstract

In this work, the authors have made an attempt to develop a methodological approach to substantiate the socio-economic efficiency of enterprise performance within an industrial ecosystem in the context of a circular economy. The proposed approach has been verified via a case study of the industrial ecosystem in Novokuznetsk city. Based on the calculations, it has been evidenced that the creation of an industrial ecosystem in the region where the city is located would eliminate area sources of pollution and improve the quality of life of the population, which would advance regional sustainable development and strengthen territorial attractiveness for citizens. Thus, having used the proposed methodology, the prospects for the implementation of circular business models by enterprises in order to increase the efficiency of resource use and balanced and sustainable economic development of a territory have been substantiated. The transition to a circular economy can support the creation of favorable environmental conditions and increase the local community resilience, well-being, and quality of life.

Highlights

  • There is an extensive development of a circular economy (CE) concept and its integration into existing socio-economic systems worldwide.A circular economy has evolved as a new paradigm to consider the prospects for economic development with a potential of achieving carbon neutrality by 2050 [1].Various international organizations (OECD, EU) and countries have already elaborated their own CE development programs [2,3,4,5].according to a European Environment Agency report [6], circular economy initiatives in Europe are still at an early stage

  • The interaction is based on the principle of industrial symbiosis, when wastes of some enterprise are resources for another one (Figure 5)

  • The authors have made an attempt to develop a methodological approach to substantiate the socio-economic efficiency of enterprise performance within an industrial ecosystem in the context of a circular economy

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Summary

Introduction

There is an extensive development of a circular economy (CE) concept and its integration into existing socio-economic systems worldwide. The main goal of the Strategy for the development of industry for processing, utilization, and neutralization of production and consumption waste for the period until 2030 [11] is establishing and developing the industrial sector for recycling and disposal of waste, ensuring maximum utilization of waste in production and systematic reduction of the amount of unused waste, based on the 3R principle (reduce waste generation, reuse, and recycle to recoverable resources) This goal implies a transition from a linear model of the economy to novel circular business models and upscaling thereof globally. Increase in the efficiency of resource use and sustainable development of the economy and society as a whole, the flows of material resources should be significantly transformed at the system level These systemic transformations will require the direct involvement and close interaction of various enterprises and organizations, institutions, authorities, consumers, and individuals.

Literature Review
Methodological Framework
A Case Study
Schematic forfor industrial
Results
Discussion and Conclusions
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