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Innovative Approaches to Waste Management in Circular Economy: Technological Advancements and Policy Implications
- 1 Monash University, Melbourne, Australia
- 2 Queen Mary University of London, London, United Kingdom
- 3 Chongqing Municipal Bureau of Planning and Natural Resources, Chongqing, China
- 4 Sydney University, Sydney, Australia
* Author to whom correspondence should be addressed.
Abstract
The need for responsible waste management has prompted more efficient and cutting-edge technologies in line with Circular Economy values. This paper focuses on the latest waste management technology solutions such as new generation recycling processes such as mechanical biological treatment (MBT) and optical sorting, as well as waste-to-energy (WTE) facilities that convert waste that cannot be recycled into energy. In case studies of Stockholm, Tokyo and New York, the study analyses how these technologies increase recycling, eliminate landfill dependence, and help recover resources. But, in practice, these technologies need to be bundled together against material contamination, infrastructure and mismatched policies, especially in the developing world. The paper points to policy instruments such as extended producer responsibility (EPR) as key drivers of recycling, and also to the need for global cooperation and uniform policy implementation to take Circular Economy to the next level across the globe. Through synthesising qualitative and quantitative information, this research offers practical recommendations to meet the needs of cutting-edge technology with waste management for a cleaner world, while offering pathways for industrialised and developing countries to curb waste and maximize the use of resources.
Keywords
circular economy, waste management, recycling technologies, waste-to-energy, mechanical biological treatment
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Cite this article
Yu,Y.;Wang,Z.;Chen,Q.;Chen,Q. (2025). Innovative Approaches to Waste Management in Circular Economy: Technological Advancements and Policy Implications. Journal of Fintech and Business Analysis,2(1),11-15.
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