ANALYZING DETERMINANTS OF CIRCULAR ECONOMY ADOPTION IN DAVAO CITY: A SYSTEMATIC REVIEW OF LITERATURE
EDWIN JR GABI BACALSO JR GABI BACALSO
Paper Contents
Abstract
This systematic review synthesizes existing literature on the key determinants influencing the adoption of Circular Economy (CE) practices, focusing on economic, technological, policy, social, and environmental factors. The review identifies the primary drivers and barriers to CE adoption across various industries, with a focus on how these factors interact to shape the feasibility and success of transitioning to a circular model. Economic factors such as cost reduction, profitability, and market demand for sustainable products are identified as key enablers. Technological factors, including innovations in recycling technology and product design for sustainability, are critical for operationalizing circular practices. Policy and regulatory frameworks, along with social factors such as consumer demand and environmental awareness, also play a significant role in driving CE adoption. Finally, the environmental impact of CE, specifically in reducing waste, emissions, and resource depletion, underscores its potential to mitigate environmental degradation. The study uses the PRISMA framework to evaluate studies across databases, offering insights into the complex interplay between these determinants and providing recommendations for overcoming barriers to CE adoption.
Copyright
Copyright © 2024 EDWIN JR GABI BACALSO. This is an open access article distributed under the Creative Commons Attribution License.