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Waste to wealth: enhancing circularities in the Malaysian economy

Waste to wealth: enhancing circularities in the Malaysian economy The paper focuses on Malaysia's huge waste challenges and how circular economy practices can turn that into increased and sustained economic growth.Design/methodology/approachPublished official reports on the country's sustainable development initiatives, policy statements from local authorities and government agencies as well as UN bodies and other secondary materials were sourced for this article.FindingsThe paper finds that Malaysia's waste can be used in generating wealth for the country if and when a conscious effort is made towards establishing a sound circular economy in the country. It also sees enormous opportunities that exist for cooperative models of social enterprises and business innovations.Originality/valueThe paper details the numerous policies and initiatives that the Malaysian government has embarked upon in recent times and scrutinises them to decipher the direction of country's bid for sustainable development. It also carries details of what can be done to achieve circularity as well as the benefits that can accrue from that. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Technological Sustainability Emerald Publishing

Waste to wealth: enhancing circularities in the Malaysian economy

Technological Sustainability , Volume 1 (2): 15 – Sep 19, 2022

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References (47)

Publisher
Emerald Publishing
Copyright
© Emerald Publishing Limited
ISSN
2754-1312
eISSN
2754-1320
DOI
10.1108/techs-01-2022-0001
Publisher site
See Article on Publisher Site

Abstract

The paper focuses on Malaysia's huge waste challenges and how circular economy practices can turn that into increased and sustained economic growth.Design/methodology/approachPublished official reports on the country's sustainable development initiatives, policy statements from local authorities and government agencies as well as UN bodies and other secondary materials were sourced for this article.FindingsThe paper finds that Malaysia's waste can be used in generating wealth for the country if and when a conscious effort is made towards establishing a sound circular economy in the country. It also sees enormous opportunities that exist for cooperative models of social enterprises and business innovations.Originality/valueThe paper details the numerous policies and initiatives that the Malaysian government has embarked upon in recent times and scrutinises them to decipher the direction of country's bid for sustainable development. It also carries details of what can be done to achieve circularity as well as the benefits that can accrue from that.

Journal

Technological SustainabilityEmerald Publishing

Published: Sep 19, 2022

Keywords: Circular economy; Sustainable development; Malaysia; Circular business model; Waste-to-wealth; Social enterprises

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