Economic and business rationale for an accelerated transition. A wealth of flows provides inspiration, and details a future state for our economy that is balanced, restorative and beneficial for all. But in the mining and metals sectors, such examples of circular innovation are comparatively scarce. The concept recognises the importance of the economy needing to work effectively at.
Pdf concept and practice of the circular economy researchgate. Circular economy ce is certainly a catchphrase in recent years. The principles account for a circular system where all. Further, the change from a linear economy take, make, dispose to a circular economy. To achieve a healthy materials cycle see diagram, and reduce its product. It represents efforts to develop new business models that decouple of economic development from. The circular economy concept is a response to the aspiration for sustainable growth in the context of the growing pressure of production and consumption on the worlds resources and environment.
Expected benefits of a circular economy transition include. We are also integrating the principles of the circular economy into our product development process. The circular economy is a blueprint for a new sustainable economy, one that has innovation and efficiency at its heart and addresses the business challenges presented by continued economic unpredictability, exponential population growth and our. The xp x30901 circular economy project management standard is a fullyfledged tool to be widely deployed in the construction industry. A key concept of the circular economy is the materials cycle moving from an unsustainable linear model to a circular model. A circular economy is an industrial system that is restorative or regenerative by intention and design. Circular economy aims to reach the maximum efficiency in the use of finite resources, the gradual transition to renewable resources, and recovery of the materials and products at the end of their useful life. The platform for accelerating the circular economy pace was built to convene, align and scale up efforts to transition to a circular economy through collaboration and action the platform for accelerating the circular economy pace is a publicprivate collaboration mechanism and project accelerator for the circular economy. The circular economy ce is a paradigm for economic development and a policy initiative. An update, global economy and development working paper no.
International trade and the transition to a circular economy. Stimulating the circular economy requires extensive policy support at european, national, regional and local levels. Given the complexity of the topic, it offered an introduction to an alternative to the linear take make dispose model of consumption. Circular economy is generally described as being a transformative, restorative and regenerative economic or industrial system that could enable humanity to exist within existing planetary limits while. In a circular economy, however, products are designed for durability, reuse and recyclability, and materials for new products come from old products. Circularity is how nature works, and a circular economy is as old as humankind. Drivers for change and a new economic model the global economy s evolution. Circular economy is an economy constructed from societal productionconsumption systems that maximizes the service produced from the linear naturesocietynature material and energy throughput. The 5 business models that put the circular economy to work. Pdf the fundamental need for an alternative to the traditional linear model of growth has led to the emerging debate about circular economy ce. Until now, the economy has mainly operated on a takemakedispose model a linear model where every product is bound to. Circular economy aims to reach the maximum efficiency in the use of finite. The circular economy is in a similar nascent stage, where a majority of companies are contributing in some way to a reducereuserecycle strategy. The circular economy, as a concept, involves using resources more efficiently across their lifecycle by closing, extending and narrowing material loops that could result in decoupling of primary raw material consumption from economic growth.
Pdf circular economy ce is currently a popular concept promoted by the eu, by several national governments and by many businesses around the world find, read and cite all the research. With this surge in popularity, many mention the term circular economy or circular. Reflecting circular economy objectives in the revision of the guidelines on state aid in the field of environment and energy 2021. Businesses, industry and policymakers can see the advantages of moving towards a circular economy. Its not enough to recognize the risk of tradeoffs and unintended consequences. In december 2015, the commission adopted an eu action plan for a circular economy. The application of the circular economy principles to the aviation sector would primarily focus on two elements. Commission staff working document leading the way to a global. The cornerstone of debt and equity finance for the circular economy is the utilisation of the investments for the circular economy. It represents efforts to develop new business models that decouple of economic development from resource extraction and environmental impacts, differing from the traditional linear model of take, make, dispose ellen macarthur foundation 20, 1420. Ces 3r principles are to reduce, reuse and recycle materials. For aircraft, the circular economy model can be applied into aircraft operations and for the management of aircraft endoflife. By definition, a circular economy is a driver for innovation in the areas of material, component and product reuse, as well as new business models such as solutions and services. In a circular economy, the more effective use of materials enables to create more value, both by cost savings and by developing new markets or growing existing ones.
We provided survey respondents a definition of the circular economy as an alternative to a traditional linear economy makeusedispose in which we keep resources in use for as long as. They have the potential to drive the transition towards a more resource efficient and circular economy. The finnish innovation fund sitra explains that, in a circular economy, production and consumption create the smallest possible amount of loss and waste. Towards the circular economy 05 report synopsis in january 2012, the ellen macarthur foundation launched a report on the business and economic rationale for a circular economy. Circular by design products in the circular economy preamble this report is the second in a series of eea reports on the circular economy. The circular economy is differentiated from many other environmentonly agendas because its focus is on consumer durable goods, as opposed to industrial processes.
On the other hand, if the term is defined, the definition widely. Pdf the fundamental need for an alternative to the traditional linear model of growth has led to the emerging debate about circular economy. The textile industry has a powerful opportunity to shift the needle in both producer and consumer contexts. Thus, the circular economy is usually defined by the idea of saving. Towards the circular economy reports world economic forum. Circular economy overivew, principles, types of cycles. It replaces the endoflife concept with restoration, shifts towards the use of renewable energy.
The finnish innovation fund sitra explains that, in a circular economy. It aims at looking at the in dustrial system as a whole erkman 2001, p. The circular economy is a blueprint for a new sustainable economy, one that has innovation and efficiency at its heart and addresses the business challenges presented by continued economic. Current efforts address the circular economy, such as the leadership work of the platform for to accelerating the circular economy pace, include a focus on transitions that are needed within consumer electronics, plastics packaging, and food systems. A key concept of the circular economy is the materials cycle moving from. Circular economy is connected with sustainable development. Here you can download or buy all of our circular economy books, reports and publications.
This is done by using cyclical materials flows, renewable energy sources and cascading 1 type energy flows. The circular economy has seen a significant increase in interest over the past few years and is continuing to gain steady momentum. Pdf abstract circular economy ce is a concept that would turn goods at the end of their service life into resources for others, closing loops in. The circular economy archive of european integration. With this surge in popularity, many mention the term circular economy or circular principles without really explaining what they mean.
From concept to practice g e n e r a l a s s e m b l y a n d e c o s o c j o i n t m e e t i n g draft concept and programme for the joint meeting of the economic and. As supply chains spread globally, the international policy dimension is also crucial. Estimating employment effects of the circular economy. In a circular economy, economic activity builds and rebuilds overall system health. Towards the circular economy ellen macarthur foundation. Abstract circular economy ce is a concept that would turn goods at the end of their service life into resources for others, closing loops in industrial ecosystems, minimizing waste and following sustainable methods.
The paper focuses on attitude towards circular economy and lowcarbon tourism ce and lct by investigating consumption behavior of people who use sharing utilities. How natural resources and the forest sector lead the circular economy. Circular systems employ reuse, sharing, repair, refurbishment, remanufacturing and recycling to create a closeloop system, minimising the use of resource inputs and the creation of waste, pollution. The 7 key elements of the circular economy circle economy. The new circular economy action plan for a cleaner and more competitive europe1 the action plan emphasises that the eu cannot deliver alone the ambition of the european green deal 2 for a climateneutral, resourceefficient and circular economy. A circular economy is an economic model designed to minimize resource input, as well as waste and emission production. It is a re sponse to the unsustainable, conventional takemakedispose economic model. Feb 09, 2018 in the biocycle of the circular economy, organic matter, free of toxic contaminants, gradually breaks down, cascading through different valueextracting stages, before returning safely to the soil. A circular economy often referred to simply as circularity is an economic system aimed at eliminating waste and the continual use of resources. As a founding partner of the ellen macarthur foundation, we are delighted to support this latest report, which underlines the relevance and opportunities provided by the circular economy. It is a system of resources utilization where reduction, reuse and recycling of materials prevails. To assess whether a company or project contributes to the circular economy or not, the circular economy finance guidelines propose to assess three elements for the use of investments.
Industry attention to date has largely focused on the circular economy as a route to operational efficiency, for example, recycling water or monetizing waste streams such as slag or used tires. The foundation publishes thoughtleading insight into the opportunity of a circular economy. The performance economy is a concept which goes beyond most interpretations of a circular economy. But in the beginning it was a barter economy and circular sharing.
Circular economy is an economy constructed from societal productionconsumption systems that maximizes the service produced from the linear naturesocietynature material and energy throughput flow. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. Marty neese, chief operating officer of sunpower thorough, yet lively and often intriguing, websters book gives the interested reader an indepth understanding of the key concepts. The concept recognises the importance of the economy needing to work effectively at all scales for large and small businesses, for organisations and individuals, globally and locally. Circular economy is generally described as being a transformative, restorative and regenerative economic or industrial system that could enable humanity to exist within existing planetary limits while ensuring that organizations keep on thriving.
The intention with the series is to clarify the circular economy concept, from the perspective of balancing environmental, economic and social considerations, and to highlight knowledge gaps. They have the potential to drive the transition towards a more resource efficient and circular economy and, in doing so, significantly reduce the environmental pressure resulting from. These actions are mostly being taken under the umbrella of the circular economy package, and they have resulted in, inter alia, a comprehensive. How companies can align their materials strategy to the sdgs. Its principle permits easy identification of a whole host of improvements aimed at accelerating the transition to a circular economy. Reuse models are applied where relevant, reducing the need for singleuse packaging while improving recycling is crucial, we cannot recycle our way out of the plastic issues we currently face. Towards the circular economy the ellen macarthur foundation.
Circular economy finance is any type of instrument where the investments will be exclusively applied to finance or refinance, in part or in full, new andor existing eligible companies or projects in the circular economy. In denmark, we see the circular economy as one that encompasses enormous potential for inclusive, sustainable economic growth. Business models for the circular economy circular business models represent fundamentally different ways of producing and consuming goods and services. The notion of a circular economy has also its roots in industrial ecology ie preston 2012, p. A read is counted each time someone views a publication summary such as the. The circular economy concept is a response to the aspiration for sustainable growth in the context of the growing pressure of production and consumption on.951 667 1297 1021 157 261 700 186 880 1347 726 1229 777 736 1146 1196 1393 63 514 618 597 867 402 64 163 436 71 1084 1041 1431 831 410 13 408 246 1152 437 413 1383 159 1307 1323