New Directions for Business Models in the Digital Green Economy

Nowadays we are facing the consumption era and the environment forces us to change our practices to avoid losing natural resources. The concept of the circular economy appeared intending to lead to an increase in the durability of the use of products, the reduction of the consumption of materials and raw materials from the soil, and the greater use of secondary raw materials, resulting from the recovery of waste. Our scope is to present new economic directions and to outline an easy transition from linear business models to circular ones (CEBMs). To reach our purpose, we need to facilitate the transition to new business models, make the transition to the green economy, using digital evolution and constantly evaluating how the planet, the economy, and the social environment are affected. We will introduce current reports on the circular economy and the issue of waste, while also mentioning dedicated practices for circular business models. The results show that by integrating TBL principles with cutting-edge technologies, we could leverage sustainable development across governmental fields, business contexts, and private lifestyles from all three points of view.