AI Summary & Key Takeaways
AI InsightFor this purpose, panel data analysis is carried out with the extended STIRPAT approach for the period 2010-2022 for 14 EU member states before the 2004 enlargement process.
📌 3 Key Takeaways
Abstract
In recent years, Circular Economy (CE) has been gaining increasing attention worldwide as a better alternative to linear economy. CE is generally defined as a system solution framework to struggle global challenges such as climate crisis, loss of bio-diversity, rising waste and pollution rates. Increasing resource and energy saving, establishing a circular economy and protecting the environment with effective policies based on synergistic transitions in the green and digital context are considered a necessity to address the challenges of reducing environmental impact. At this point, it is thought that the provision of this synergistic structure is related to the environmental efficiency creation potential of ICT penetration and innovation. The importance of the “twin transition” linked to circular and digital economy is emphasized within the scope of both the EU green deal and the United Nations Agenda 2030 in the context of sustainable development. In particular, the EU's initiatives to play a leading role in policy designs that include both a circular economy and sustainable green and digital standards are the reasons why the country group was selected for the research. In this context, the main purpose of the study is to reveal the importance of ICT penetration and innovation as a driving force in the adoption of circular economy from the perspective of 'twin transition'. This study also aims to provide empirical evidence for the synergistic relationship between circular and digital processes. For this purpose, panel data analysis is carried out with the extended STIRPAT approach for the period 2010-2022 for 14 EU member states before the 2004 enlargement process.