BUSINESS

Reconnoitering implementation barriers of industrial symbiosis through social and economic kpi’s: a comparative analysis approach

  • 1 University of Tirana, Albania
  • 2 Centro Tecnológico del Mueble Y la Madera (CETEM), Spain

Abstract

Industrial Symbiosis (IS) is currently seen as one of the most avantgarde concepts embracing circularity and business cooperation in almost all economic sectors. Industrial Symbiosis processes are novel concepts compared to traditional business models with profit based and business oriented. This paper aims to present key findings and insights from Poland and Albania, both in early stages of IS implementation, as a study within LIAISE COST Action framework. Since the industrialization process for both countries have had similar patterns from their centralized past, they face nowadays similar challenges and barriers. Using a comparative quantitative approach, the findings highlight shared obstacles, including high investments costs, limited awareness of IS benefits, low trust among firms, insufficient coordination mechanisms, and constrained access to finance for collaborative investments. This paper also suggests the importance of tailored policies for each country, as well as the importance of support from public institutions.

Keywords

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