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Supporting circular economy innovation: An analysis of a circular economy intervention in Wales.

Gary Walpole Orcid Logo, Peter Treadwell, Laura Steffes, Emily Bacon Orcid Logo, Nick Clifton

Welsh Economic Review, Volume: 29, Pages: 36 - 49

Swansea University Authors: Gary Walpole Orcid Logo, Emily Bacon Orcid Logo

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DOI (Published version): 10.18573/wer.270

Abstract

The Intergovernmental Panel on Climate Change (IPCC) recently advised that “climate change is a grave and mounting threat to our wellbeing and a healthy planet” (2023, p.6). This threat underlines the importance of developing businesses innovation capabilities and implementing Circular Economy (CE)...

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Published in: Welsh Economic Review
ISSN: 2397-8716
Published: Cardiff University Press 2024
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URI: https://cronfa.swan.ac.uk/Record/cronfa65917
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spelling v2 65917 2024-03-26 Supporting circular economy innovation: An analysis of a circular economy intervention in Wales. 7563ad91843f7ea9e00890294bbd29ea 0000-0002-3438-8192 Gary Walpole Gary Walpole true false a14bd1b9041528e38772df1b50a59e3b 0000-0001-9933-3902 Emily Bacon Emily Bacon true false 2024-03-26 BBU The Intergovernmental Panel on Climate Change (IPCC) recently advised that “climate change is a grave and mounting threat to our wellbeing and a healthy planet” (2023, p.6). This threat underlines the importance of developing businesses innovation capabilities and implementing Circular Economy (CE) principles. Organisations that have developed innovation capabilities are most likely to implement CE principles within their organisations. However, the UK has suffered a ‘long tail of productivity’ largely due to the UK’s relatively low levels of innovation across the firm population. In Wales, the location of this study, output per hour worked was almost 16% below the UK average in 2021, suggesting that the levels of innovation capability might hinderCE implementation. Therefore, evidence on programmes that support organisations to develop their innovation capabilities and their CE understanding should be of interest to policymakers, academics, and practitioners. This paper presents data collected from a university designed CE innovation programme, the Cardiff Circular Economy Network, and suggests that the novel approach adopted enhanced the innovation capabilities and CE knowledge of participants. Journal Article Welsh Economic Review 29 36 49 Cardiff University Press 2397-8716 20 3 2024 2024-03-20 10.18573/wer.270 COLLEGE NANME Business COLLEGE CODE BBU Swansea University Another institution paid the OA fee The authors wish to acknowledge the financial support of the Community Renewal Fund and the help of One Planet Cardiff (Cardiff Council) with recruitment and engagement support. The generous financial support of Euroclad Holdings Ltd (Cardiff) enabled the schools to employ supply teachers to release teaching staff to participate in the programme. 2024-04-15T17:08:28.0927177 2024-03-26T15:18:25.2981011 Faculty of Humanities and Social Sciences School of Management - Business Management Gary Walpole 0000-0002-3438-8192 1 Peter Treadwell 2 Laura Steffes 3 Emily Bacon 0000-0001-9933-3902 4 Nick Clifton 5 65917__30023__bd7b3210a568440c8400800efa7e55fd.pdf 65917.VOR.pdf 2024-04-15T17:07:25.6978529 Output 1129497 application/pdf Version of Record true This work is licensed under the Creative Commons Attribution 4.0 International License. true eng http://creativecommons.org/licenses/by/4.0/.
title Supporting circular economy innovation: An analysis of a circular economy intervention in Wales.
spellingShingle Supporting circular economy innovation: An analysis of a circular economy intervention in Wales.
Gary Walpole
Emily Bacon
title_short Supporting circular economy innovation: An analysis of a circular economy intervention in Wales.
title_full Supporting circular economy innovation: An analysis of a circular economy intervention in Wales.
title_fullStr Supporting circular economy innovation: An analysis of a circular economy intervention in Wales.
title_full_unstemmed Supporting circular economy innovation: An analysis of a circular economy intervention in Wales.
title_sort Supporting circular economy innovation: An analysis of a circular economy intervention in Wales.
author_id_str_mv 7563ad91843f7ea9e00890294bbd29ea
a14bd1b9041528e38772df1b50a59e3b
author_id_fullname_str_mv 7563ad91843f7ea9e00890294bbd29ea_***_Gary Walpole
a14bd1b9041528e38772df1b50a59e3b_***_Emily Bacon
author Gary Walpole
Emily Bacon
author2 Gary Walpole
Peter Treadwell
Laura Steffes
Emily Bacon
Nick Clifton
format Journal article
container_title Welsh Economic Review
container_volume 29
container_start_page 36
publishDate 2024
institution Swansea University
issn 2397-8716
doi_str_mv 10.18573/wer.270
publisher Cardiff University Press
college_str Faculty of Humanities and Social Sciences
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hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Business Management{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Business Management
document_store_str 1
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description The Intergovernmental Panel on Climate Change (IPCC) recently advised that “climate change is a grave and mounting threat to our wellbeing and a healthy planet” (2023, p.6). This threat underlines the importance of developing businesses innovation capabilities and implementing Circular Economy (CE) principles. Organisations that have developed innovation capabilities are most likely to implement CE principles within their organisations. However, the UK has suffered a ‘long tail of productivity’ largely due to the UK’s relatively low levels of innovation across the firm population. In Wales, the location of this study, output per hour worked was almost 16% below the UK average in 2021, suggesting that the levels of innovation capability might hinderCE implementation. Therefore, evidence on programmes that support organisations to develop their innovation capabilities and their CE understanding should be of interest to policymakers, academics, and practitioners. This paper presents data collected from a university designed CE innovation programme, the Cardiff Circular Economy Network, and suggests that the novel approach adopted enhanced the innovation capabilities and CE knowledge of participants.
published_date 2024-03-20T17:08:23Z
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