What is Closing the Loop

Linear economic models have led us to a point where our planet can no longer sustain itself and heal its natural resources. Thus, circular economy has provided us the opportunity to hope for increasing resource value, extending its life as a means to put waste back into the consumption chain. In emerging economies, circular economy-based business models are not as pertinent. However, in the past decade, the Sustainable Development Goals (SDGs) have provided a guideline for businesses, legislators, and academics. It has been witnessed that a few notable initiatives in the field of the circular economy have taken place in emerging economies which has led to achieving different SDGs to a certain extent. This chapter discusses the potential circular economy-based business models held in the attainment of different sustainable development goals.