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Circular Economy

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Jhane Garcia
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23 views

Circular Economy

Uploaded by

Jhane Garcia
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 17

THE CIRCULAR ECONOMY

Learning Objectives

• Understanding the Circular Economy and Origins


• Listing the Benefits and Disadvantages of Circular Economy
A circular economy follows the 3R approach: reduce, reuse and recycle. Resource use is minimized (reduce). Reuse of
products and parts is maximized (reuse). And last but not least, raw materials are reused (recycled) to a high standard.
This can be done by using goods with more people, such as shared cars. Products can also be converted into services,
such as Spotify sells listening licences instead of CDs. In this system, value is created by focusing on value
preservation.

linear economy traditionally follows the “take-make-dispose” step-by-step plan. This means that raw materials are
collected, then transformed into products that are used until they are finally discarded as waste. Value is created in this
economic system by producing and selling as many products as possible.

aandapackaging
Circular Economy

• Circular Economy is a form of economic growth that benefits enterprises,


society, and the world as a whole. In comparison to the linear model of "take-
make-waste,"

• a circular economy is designed to gradually decouple growth from the


consumption of finite resources.
Three Principles of circular economy

• Design out waste and pollution


•  Keep products and materials in use
•  Regenerate natural systems
COMPONENTS OF CIRCULAR
ECONOMY
• Biological Materials
The one that degrades at the end of life without polluting the
environment

• Technical Materials
Materials that cannot re-enter the ecological cycle.
MACROECONOMIC BENEFITS OF CIRCULAR ECONOMY

• Economic Growth
• Material Cost Savings
• Job Creation Potential
• Innovation
ENVIRONMENTAL AND SYSTEM-WIDE BENEFITS

• Carbon Dioxide Emissions


• Primary Material Consumption
• Land Productivity and Soil Health
COMPANIES BENEFIT FROM CIRCULAR ECONOMY

• Profit Opportunities
• Reduced volatility and greater security of supply
• New demand for Business Services
• Improved customer interaction and loyalty
INDIVIDUALS BENEFIT FROM CIRCULAR
ECONOMY
• Increased Disposable Income
• Greater Utility
• Reduce Obsolence
• Health
Biomimicry
“Innovation inspired by nature” - Janine Benyus

Biomimicry is a modern science that explores nature's best ideas and


then imitates these
designs and processes to solve human problems
Industrial Ecology

This approach focuses on interactions between operators within


the "industrial ecosystem," and aims to create closed-loop processes
that use waste as an input, removing

undesirable by-products.
Regenerative Design
Concepts implemented by John T. Lyle began in the United States that
could be applied to all processes, not just agriculture, where the
principle of regeneration had already been formulated.
Blue Economy
The Blue Economy, founded by former Ecover CEO and Belgian
businessman Gunter Pauli, is an open-source movement that brings
together concrete case studies, which were first collected in an
eponymous study presented to the Club of Rome.

Blue Economy insists on solutions being determined by the local


environment and physical/ecological characteristics, putting the emphasis
on gravity as the primary source of energy.
End of Presentation
Quiz 1

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