ROLE OF DIGITAL TECHNOLOGY IN TRANSFORMING LINEAR TO CIRCULAR ECONOMY

Abstract

The linear economy model is no longer viable, overburdening the earth and depleting resources beyond nature's capacity. The solution lies in transitioning to a circular economy, which optimizes resource use and ensures a sustainable future for future generations. Digital technology plays a crucial role in enabling circularity and sustainability. Sharing platforms connect service providers and users, maximizing resource utilization without the need for additional resources. Technological advancements enable efficient sorting, maintenance, and recycling of products. However, achieving widespread adoption requires addressing barriers through global awareness, education, supportive laws, institutions, and government backing.