Applicability of the circular economy paradigm-the case of Andhra Pradesh, India

Abstract

fresh challenges to policy makers, especially in resource constrained economies like India. Finland is in the forefront of redesigning its traditional, linear economy into a CE through innovative business models in its forestry, food production, and transportation sectors. In the CE paradigm, the management of the forestry and environment sector is important as they are vital sources of tangible and exhaustible resources like timber, fossil fuels, minerals and metals, and watersheds. Healthy forests also resonate with lesser pollution and imply a better quality of life. The paper identifies some strength in the Finnish forestry sector which is facilitating the quick transition to the CE through innovative business models.1 One, 75 percent of the state’s forests is private owned, with the average size of holding at around 30 hectares. This ownership pattern ensures quick adoption of best practices and commercial competencies of the private sector in sustainable forest management. Affirmative Government actions, subsidies support, and tax structure, encourage forest owners to use efficient silvicultural practices in forest management which align with the commercial incentives of timber procurement organizations, transportation companies, and forest machinery entrepreneurs towards forest conservation.