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Book 1

A circular economy is an alternative to a traditional linear economy (make, use, dispose) in which we keep resources in use for as long as possible, extract the maximum value from them whilst in use, then recover and regenerate products and materials at the end of each service life.

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Divya
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35 views

Book 1

A circular economy is an alternative to a traditional linear economy (make, use, dispose) in which we keep resources in use for as long as possible, extract the maximum value from them whilst in use, then recover and regenerate products and materials at the end of each service life.

Uploaded by

Divya
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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What?

Why?

Concept

Usage

Adoption

Examples

Drawback
A circular economy is an alternative to a traditional linear economy (make, use, dispose) in which we keep resources in use for
extract the maximum value from them whilst in use, then recover and regenerate products and materials at the end of each se

The challenges of balancing industrial development, environmental and human health, and economic growth in China and else
are drivers for recent resource use and low-carbon development strategies that include the application of the circular economy
A central theme of the CE concept is the valuation of materials within a closed-looped system with the aim to allow for natural
reducing pollution or avoiding resource constraints and sustaining economic growth.
The usage of the circular economic models, and the characteristics of the various element blocks will be different for the well
countries and the countries currently in development.
At the country and regional level, in 2008 China was among the first to adopt a circular economy law promoting the recovery o
waste. In that same year, the G8 environment ministers agreed on an action plan for the 3Rs: reduce, reuse and recycle. Then,
European Union adopted an ambitious Circular Economy
Package, including goals for food, water and plastics reuse.

Indeed, there is a strong business case to be made for a circular economy. Nike, Google, and H&M are already implementing as
circular economy in their global business. Dutch technology company Philips refurbishes medical equipment such as MRI syste

First, as wealthy countries learn to extend their resource use, they will reduce their dependency on imported raw materials as
products manufactured abroad. For example, the Netherlands recently announced that it aims to cut in half its use of primary
minerals, fossil fuels and metals by 2030, with the ambitious goal of a fully circular economy by 2050.

Second, developing countries—especially least developed countries—may struggle to access the knowledge and new technolo
circular economy possible. They will be less able to fill the demand for products that meet increasingly stringent circular econo
their export markets, as well as for circular economy services such as reclamation and remanufacturing.

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