Circular economy principles in community energy initiatives through stakeholder perspectives

Mishra, R; Naik, BKR; Raut, RD; Paul, SK

Circular economy principles in community energy initiatives through stakeholder perspectives

Mishra, R Naik, BKR Raut, RD Paul, SK

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Publisher:: Elsevier BV
Publication Type:: Journal Article
Citation:: Sustainable Production and Consumption, 2022, 33, pp. 256-270
Issue Date:: 2022-09

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Field	Value	Language
dc.contributor.author	Mishra, R
dc.contributor.author	Naik, BKR
dc.contributor.author	Raut, RD
dc.contributor.author	Paul, SK
dc.date.accessioned	2022-11-01T23:35:27Z
dc.date.available	2022-11-01T23:35:27Z
dc.date.issued	2022-09
dc.identifier.citation	Sustainable Production and Consumption, 2022, 33, pp. 256-270
dc.identifier.issn	2352-5509
dc.identifier.issn	2352-5509
dc.identifier.uri	http://hdl.handle.net/10453/163127
dc.description.abstract	The world is looking toward clean and reliable energy solutions that could empower society to mitigate carbon emissions and provide a sustainable way ahead. The circular economy (CE) principles in community energy initiatives can help shift the existing energy pattern and transform society to better understand the Sustainable Development Goals (SDGs). This study aims to structure and evaluate the preference of stakeholders' objectives for community energy formation in the era of the CE to accelerate clean energy transitions. The conscious use of energy while participating in energy projects helps reduce energy consumption, reuse waste, and redesign community grid expansion with climate protection objectives. These links are explored systematically by integrating the value-focused thinking (VFT) approach and analytical hierarchy process (AHP). Using the VFT approach helped uncover strategic objectives of maximizing values of community energy using CE measures. Moreover, AHP assisted in identifying the preferred set of values as the results indicate that technical categories are fundamental pressure points for implementing CE principles in such initiatives. This study's contribution falls at the intersection of these concepts, where community energy initiatives provide a platform to integrate CE strategies. This study helps realize the rebound effects of consumer-centric community energy initiatives considering CE principles from a governance literature perspective. From a strategical standpoint, it signifies the potential links between CE and community energy initiatives. The adoption of CE measures has been seen as a “win-win” solution to the community energy business models and improves economic, environmental, and social sustainability.
dc.language	en
dc.publisher	Elsevier BV
dc.relation.ispartof	Sustainable Production and Consumption
dc.relation.isbasedon	10.1016/j.spc.2022.07.001
dc.rights	info:eu-repo/semantics/closedAccess
dc.subject	0502 Environmental Science and Management, 1402 Applied Economics, 1604 Human Geography
dc.title	Circular economy principles in community energy initiatives through stakeholder perspectives
dc.type	Journal Article
utslib.citation.volume	33
utslib.for	0502 Environmental Science and Management
utslib.for	1402 Applied Economics
utslib.for	1604 Human Geography
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Management Discipline
utslib.copyright.status	closed_access	*
pubs.consider-herdc	true
dc.date.updated	2022-11-01T23:35:24Z
pubs.publication-status	Published
pubs.volume	33

Abstract:

The world is looking toward clean and reliable energy solutions that could empower society to mitigate carbon emissions and provide a sustainable way ahead. The circular economy (CE) principles in community energy initiatives can help shift the existing energy pattern and transform society to better understand the Sustainable Development Goals (SDGs). This study aims to structure and evaluate the preference of stakeholders' objectives for community energy formation in the era of the CE to accelerate clean energy transitions. The conscious use of energy while participating in energy projects helps reduce energy consumption, reuse waste, and redesign community grid expansion with climate protection objectives. These links are explored systematically by integrating the value-focused thinking (VFT) approach and analytical hierarchy process (AHP). Using the VFT approach helped uncover strategic objectives of maximizing values of community energy using CE measures. Moreover, AHP assisted in identifying the preferred set of values as the results indicate that technical categories are fundamental pressure points for implementing CE principles in such initiatives. This study's contribution falls at the intersection of these concepts, where community energy initiatives provide a platform to integrate CE strategies. This study helps realize the rebound effects of consumer-centric community energy initiatives considering CE principles from a governance literature perspective. From a strategical standpoint, it signifies the potential links between CE and community energy initiatives. The adoption of CE measures has been seen as a “win-win” solution to the community energy business models and improves economic, environmental, and social sustainability.

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http://hdl.handle.net/10453/163127