Artificial Intelligence-Driven Circular Economy as a Key Enabler for Sustainable Energy Management
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Artificial Intelligence-Driven Circular Economy as a Key Enabler for Sustainable Energy Management Rajan Jose 1
&
Shrikant Krupasindhu Panigrahi 2 & Rashmi Anoop Patil 3 & Yudi Fernando 4 & Seeram Ramakrishna 3,5
Received: 6 April 2020 / Revised: 26 August 2020 / Accepted: 7 September 2020 # Springer Nature Singapore Pte Ltd. 2020
Abstract Nearly a billion new energy consumers join the society in 13–15 years; and the growing demand for higher standards of living makes the worldwide energy consumption continuously growing. Strategic solutions are therefore required not only for addressing energy gaps but also for eliminating the undesirable environmental effects of energy supply chain to ensure quality and sustainable living. This article advocates leveraging artificial intelligence associated digital technologies to increase energy efficiency, to facilitate carbon trading, and to realize the circular economy vision of countries to mitigate extreme weather conditions and climate change. Keywords Energy waste management . Carbon tax trading . Carbon management strategies . Renewable energy sources
Introduction Resource and process sustainability have become prominent keywords in modern society and industrial sector due to everincreasing population and consumption as well as depletion of natural resource deposits. For example, many rare metals such as cobalt and platinum are used in trace quantities in electronic devices—recovering these trace quantities are not costeffective and usually discarded as waste, whereas major portion of the recoverable portion is recycled at the end of the product’s service life. The “make, use, discard” protocol of a
* Rajan Jose [email protected] * Seeram Ramakrishna [email protected] 1
Nanostructured Renewable Energy Materials Laboratory, Faculty of Industrial Sciences & Technology, Universiti Malaysia Pahang, 26300 Kuantan, Malaysia
2
College of Business, University of Buraimi, Alburaimi, Sultanate of Oman
3
Circular Economy Task Force, National University of Singapore, Singapore, Singapore
4
Faculty of Industrial Management, Universiti Malaysia Pahang, 26300 Kuantan, Malaysia
5
Department of Mechanical Engineering, National University of Singapore, Singapore, Singapore
product is conventionally referred as the “linear economic model,” which would make the “use and throw” products, which further motivated development of “linear economic model with feedback loops” with a portion of the product after its service life is recycled back into production. The “circular economic (CE)” model stems from the aspirations to move towards a resource efficient society that implies on eliminating waste by efficient recycling to resource for environmental sustainability. Over the years, the CE has gained a steady momentum and popularity and established three materials pillars as its foundation, viz., (i) regeneration of resources, (ii) maximize resources lifetime, and (iii) usage of waste as a resource. In CE, resources are kept in use for as long as possible, extrac
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