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Creativity and sustainability
Published in Mário S. Ming Kong, Maria do Rosário Monteiro, Maria João Pereira Neto, Creating Through Mind and Emotions, 2022
Gianni Montagna, Carla C. Pereira, Ana A. Marques
The fashion industry’s current business model is unsustainable, especially with growing populations and the increasing consumption levels around the world. Overconsumption and climate change are causing widespread environmental damage. (House of Commons Environmental Audit, 2019, p. 56).
Opportunities Ahead
Published in Ranadhir Mukhopadhyay, Victor J. Loveson, Sridhar D. Iyer, P.K. Sudarsan, Blue Economy of the Indian Ocean, 2020
Ranadhir Mukhopadhyay, Victor J. Loveson, Sridhar D. Iyer, P.K. Sudarsan
The last innovation recognized as having big potential was Mutum that aims to reduce industrial and residential emissions. An idea borne out of the sharing economy, it aims to reduce overconsumption by making it easier to share things with others. For example, a typical electrical drill is only used for 12 minutes during its lifetime. Mutum aims to show how such objects can be borrowed rather than bought. Overconsumption creates wasteful industrial processes through overmanufacturing, so reducing these emissions will help lower urban energy demand and subsequent GHG emissions.
Introduction to Environmental Economics
Published in Toolseeram Ramjeawon, Introduction to Sustainability for Engineers, 2020
The importance of the internalization of external costs in sustainable development and the critical role of economic instruments in bringing it about was duly recognized by the United Nations Conference on Environment and Development in Rio de Janeiro, June 1992. Principle 16 of the Rio Declaration states:National authorities should endeavor to promote the internalization of environmental costs and the use of economic instruments, taking into account the approach that the polluter should, in principle, bear the cost of pollution with due regard to public interest and without distorting international trade and investment.(Retrieved from: https://sustainabledevelopment.un.org/index.php?page=view&type=111&nr=1709&menu=35) As a result of market failures, producers and consumers of products and services do not receive the correct signals about the true scarcity of resources they deplete or the cost of environmental damage they cause. This leads to overproduction and overconsumption of commodities that are resource-depleting and environment-polluting, and underproduction and underconsumption of commodities that are resource-saving and environment-friendly. Thus, the emerging pattern of economic growth and the structure of the economy is one that undermines its own resource base, and is ultimately unsustainable (Panayotou, 1998).
Modelling the impact of climate change risk on supply chain performance
Published in International Journal of Production Research, 2021
Merve Er Kara, Abhijeet Ghadge, Umit Sezer Bititci
Climate change is an inevitable risk faced by today’s supply chains. Climate change and supply chains are found to mutually influence each other through natural disasters and greenhouse gas (GHG) emissions, respectively (Ghadge, Wurtmann, and Seuring 2020). Recent literature on supply chain management attempts to capture the impact of SC operations on climate change (e.g. Sousa Jabbour et al. 2018; Dahlmann and Roehrich 2019). However, climate change also affects SC operations in multiple ways. Various industries such as agriculture, forestry and mining are exposed to the direct and indirect impact of climate change (Sussman and Freed 2008; Gasbarro, Iraldo, and Daddi 2017). Overconsumption of these natural resources has led to the escalation of climate change. This exogenous risk can significantly impact organisation’s operational and financial performance (Agrawala et al. 2011; Bergmann, Stechemesser, and Guenther 2016; Lim-Camacho et al. 2017). Existing climate models indicate that climate change and its cascading effects will continue to impact global supply chains in the future (OECD 2015; Andreoni and Miola 2014; Li et al. 2019). Thus, organisations should work together to develop climate resilient Supply Chain (SC) networks. To build such capability within SCs, comprehensive understanding of mutually-influencing relationship and their impact is essential.
Barriers to effective circular supply chain management in a developing country context
Published in Production Planning & Control, 2018
Sachin Kumar Mangla, Sunil Luthra, Nishikant Mishra, Akshit Singh, Nripendra P. Rana, Manoj Dora, Yogesh Dwivedi
The majority of the population resides in developing countries. By 2050, the developing countries will account for more than 90% of the world’s people. The concentration of population in under developed countries poses a significant challenge and need for systemic intervention because the concept of circular economy is rather new for the developing countries as compared to the developed countries (Goyal, Esposito, and Kapoor 2016). Waste management is important aspect in the world where majority of the problems is faced by most of the Asian countries. Huge amount of resources are being depleted especially in India through improper waste handling leading to unsustainable waste management practices (Esfahbodi, Zhang, and Watson 2016; Ghosh 2016). Current waste management practices employed by India are inadequate to manage large amounts of waste generated on a daily basis. The presence of waste is an indication of overconsumption, inefficient use of materials and poor waste disposal mechanisms (Vladimirova 2016; Yaduvanshi, Myana, and Krishnamurthy 2016). There is an urgent need to develop and sustain a circular supply models.