Which standards/ certifications can certify a business as circular?
CIRCO provides training for organisations to create a complete circular business implementation roadmap. Ellen Macarthur Foundation provides circular economy related resources and training on its website. The Cradle to Cradle Products Innovation Institute founded by William McDonough and Michael Braungart evaluates products for certification through a network of assessment bodies.
What are the elements of circular economy strategies?
Prioritise regenerative resources. At the design stage, ensure that renewable resources are utilized, in an energy efficient manufacturing or service process. Increase the lifetime of products Resource use can be reduced if less has to be produced. This could be achieved by increasing the durability of a product, and by linking a product at its […]
What are the shortcomings of a circular economy?
A circular economy does not have disadvantages. However, there are many barriers towards transitioning to a circular economy from linear economy. A circular transformation needs change to be catalysed at the highest level in all the economies of the world, including how business activities are conducted, and measured. The transformation needs collaborations with multiple parties, […]
What should be prioritised among response to climate change and transition to a circular economy?
Circular economy is a resource management strategy for the planet. CE and climate change are related and need integrated strategy To make transition to a non-renewable energy, resource management becomes crucial “Our linear model is effectively no longer fit for purpose, failing both people and the planet. Circular economy strategies have the potential to be […]
Why is circular economy important?
The world has finite resources The concept of limits to growth, refers to the finite nature of the ecosystem to absorb waste and replenish raw material to sustain the economy. The economy is only a part of the larger ecosystem, and the ecosystem is finite, non-growing and in terms of materials, defined in volume or […]
What is Circular Economy?
Circular economy is an alternative economic model to the current linear economy we are in. The main differentiation comes from the fact that it is designed to regenerate resources, rather than deplete resources with increasing economic activity. Main value chain activites The three main activities in an economy are production, distribution and consumption. These are […]