The Circular Economy is a model for long-term growth that envisions modern civilizations redesigning, producing, and consuming goods and services in a regenerative economic cycle that separates economic progress from resource depletion. Future and emerging digital technologies, such as advanced mobile networks, Distributed Ledger Technologies, Edge Computing, Artificial Intelligence, and the Internet of Things, are critical enablers of circular business practices because they optimize continuous flows of energy and materials back into manufacturing processes while also making inefficiencies transparent.

As a result, smart technologies play a critical part in the Circular Economy transition by enabling and facilitating truly sustainable corporate processes, such as efficient asset management, data sharing and analysis, collaboration, co-innovation, and shared value generation.

The role of emerging and future ICT as a Circular Economy enabler is the focus of the Smart Circular Economy. The goal is to look into how smart digital technologies can help to develop circular processes, services, and business models; how smart digital systems and platforms can reform design and decision-making mechanisms; and how these concepts can be applied to verticals like smart cities, precision agriculture, and renewable energy infrastructure, to name a few. The papers in this special issue, when combined, will be a great resource for all types of organizations working in the transition to a sustainable and flourishing future economy.

We define circular construction as the design, construction, and destruction of houses and buildings with an emphasis on high-quality material reuse and sustainability goals in the areas of energy, water, biodiversity, and ecosystems. The Bullitt Center in Seattle, for example, is totally circular and is sometimes referred to as the world's greenest commercial building.

READ MORE :- https://www.pukkapartners.com/insight/smart-building-towards-circular-economy

Conclusion: Potential Value in the Circular Economy

Redeploying resources over and over, frequently for the same or similar reasons, is becoming increasingly profitable. Circular economies are based on this organizational idea. By 2030, a new circular framework in Europe could yield 1.8 trillion euros in new economic gains. Businesses must not only optimize recycling and decrease waste in order to move to a circular economy, but they must also fundamentally re-engineer their products and services using a so-called "cradle-to-cradle" strategy.

Innovators pursuing value in the circular economy, on the other hand, have specific financial requirements that traditional investors and venture capitalists are hesitant to provide, such as financing the business for a longer length of time than under a linear model. Innovators must clarify the circular economy potential for investors, policymakers, and smart city decision-makers, such as creating value through creative asset use models and extending asset life.

The challenge for smart city strategists is to inspire and support an innovation-friendly ecosystem that allows enterprises and partnerships pursuing circular economy aims to access new finance, sustainable design, and management techniques.



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