Authors: Dr. Ranganath G
Abstract: Climate change poses an escalating threat to global economic stability, particularly in emerging economies that rely heavily on climate-sensitive sectors such as agriculture, manufacturing, and energy. The transition toward a circular economy — one based on resource efficiency, waste minimization, and sustainable production — offers a potential pathway to mitigate these impacts while sustaining long-term economic growth. This paper examines the economic consequences of climate change and evaluates the role of circular economy models in promoting resilience and sustainability. Drawing upon theoretical perspectives, empirical literature, and four case studies (India, China, South Africa, and Indonesia), the study highlights the interconnections between environmental degradation, productivity loss, and circular innovation. The findings reveal that while climate change negatively affects GDP growth, employment, and fiscal stability, circular economy policies can offset these impacts by generating green jobs, promoting resource efficiency, and reducing dependency on non-renewable inputs. The paper concludes with key challenges, strategies, and policy recommendations for accelerating the circular transition in emerging economies.
DOI: http://doi.org/10.5281/zenodo.17750242
