In the series of upcoming articles, we will examine the prospects for a circular economy in low & middle income economies as an interplay between a number of major trends.
What’s new or special about the circular economy, apart from it being about an economy that works long term, led by business and making the economic case, is that it is about how this case emerged. It is closely linked to the information technology revolution circa 2010 onwards.
One thing the circular economy should not be confused with is some sort of perpetual gadget machine in which stuff is made and remade with nary a loss or impediment, with nothing new or unsullied: a place where eager businesses recover their products and magic them back to life for their customers with no waste.
The rising trend of oil and commodity prices in the periods 2001 to 2008 and 2009 to 2012 might be thought to be enough of a rationale for getting smarter with resource use and meeting customer demands in novel ways, such as selling products as services. Add in the very
Real economics is the study of how people transform nature to meet their needs…Neoclassical economics is inconsistent with the laws of thermodynamics. Charles Hall, SUNY, an ecologist by training. It’s not news of course. Frederick Soddy, another outsider (an escapee from physics and chemistry and a Nobel Prize winner) spent
Read Circulate’s exclusive preview of Ken Webster’s recently released book, The Circular Economy: A Wealth of Flows. The extract below is the beginning of the ninth chapter “The Regenerative Biological Cycle – At Scale”.