an introduction
The
Circular Economy
The circular economy presents a framework and approach that aims to rethink the traditional linear production and consumption (“take-make-dispose”) model toward a system that explicitly encourages the closing of material and resource loops (Ellen MacArthur Foundation). The framework stresses important well-documented measures such as re-designing, repairing, refurbishing, re-using and/or recycling goods. It furthermore sparks the development of resource-efficient services, innovative production and consumption schemes, value-creation in used materials, as well as mitigation and adaptation to climate change. The alternative, or business as usual, represents gross inefficiencies, severe externalities, foregone profits and the degradation of natural capital – which prevent a genuine decoupling of economic growth from unsustainable resource use, and fail to challenge the dissonance with which society’s key stakeholders currently tackle inclusive green growth.
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