Open AccessCarbon Emission and Plastic Pollution: How Circular Economy, Blockchain, and Artificial Intelligence Support Energy Transition?
Author(s) -
Krishnaswamy Sankaran
Publication year - 2020
Publication title -
journal of innovation management
Language(s) - English
Resource type - Journals
ISSN - 2183-0606
DOI - 10.24840/2183-0606_007.004_0002
Subject(s) - circular economy , sustainability , plastic pollution , natural resource economics , consumerism , business , blockchain , low carbon economy , pollution , economic system , economics , environmental economics , climate change , market economy , ecology , computer science , computer security , biology
What drives growth becomes cancerous when it goes beyond limits. Contrary to this common sense, today, consumerism drives our economies and feeds our appetite for ever-growing wants. As a result, we are damaging our ecosystems and risking our very existence on Earth. Though too late, various efforts are promoted by governments and driven by industries to rapidly decarbonize our energy systems and sustainably consume and recycle raw materials. We have discussed two ongoing projects in the domain of energy transition and circular economy. The first one transforms industrial carbon emissions into green fuels and the second one helps in efficient and sustainable segregation and recycling of plastic waste using multi-sensor-driven AI and blockchain tools. These examples demonstrate how circular economy and energy transitions complement each other in the battle against climate change and pollution.