Developing a Circular Economy Index to Measure the Macro Level of Circular Economy Implementation in Indonesia

IF 1.4 Q4 ENGINEERING, INDUSTRIAL
S. Musyarofah, A. Tontowi, N. Masruroh, B. Wibowo, I. Warmadewanthi, A. H. Nasution, G. W. Bhawika, Gogor Arif Handiwibowo, M. Rusydi
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Abstract

Abstract Circular economy (CE) is an interesting approach by many countries to address global environmental problems while gaining economic benefits. The implementation of CE is expected to minimize the use of resources and materials, thus contributing to sustainable development. Much literature has discussed CE assessment indicators and their evaluation, however to date, no single indicator has been proposed that can comprehensively measure the macro level of CE implementation. This study aims to develop a CE index to measure CE implementation at macro levels. In addition, it provides an overview of the impact of CE implementation on the financial, social, and environmental aspects of the economy. To this end, first, an in-depth literature review and descriptive analysis is conducted to identify existing global CE indicators and classify them into financial, social, and environmental categories based on available primary and secondary data. Then, the CE index is constructed using a mathematical equation by considering the CE framework, a single indicator of each aspect as a variable, and the variable’s weighting. Finally, the CE index is applied to evaluate the level of CE implementation of CE in Indonesia at macro level. This index is expected to be a valuable tool for measuring CE implementation and therefore improving CE performance.
建立循环经济指数以衡量印尼循环经济实施的宏观水平
摘要循环经济是许多国家在解决全球环境问题的同时获得经济利益的一种有趣的方法。CE的实施有望最大限度地减少资源和材料的使用,从而有助于可持续发展。许多文献都讨论了CE评估指标及其评估,但迄今为止,还没有提出一个单一的指标来全面衡量CE实施的宏观水平。本研究旨在制定CE指数,以衡量宏观层面的CE实施情况。此外,它还概述了CE实施对经济的金融、社会和环境方面的影响。为此,首先,进行了深入的文献综述和描述性分析,以确定现有的全球CE指标,并根据现有的一级和二级数据将其分为金融、社会和环境类别。然后,通过考虑CE框架、每个方面的单个指标作为变量以及变量的权重,使用数学方程构建CE指数。最后,运用CE指数从宏观层面评价了印尼CE实施水平。该指数有望成为衡量CE实施情况的宝贵工具,从而提高CE性能。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
4.30
自引率
13.30%
发文量
48
审稿时长
10 weeks
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