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Description
The circular economy is an evolution of the way the world produces and consumes both goods and services.
The circular model redefines the economy around principles of designing out waste and pollution, keeping products and materials in use for as long as possible. Equally vital are restoring the world’s wilderness, building regenerative agricultural systems, using renewable materials, and shifting to renewable energy sources.
Who invented the circular economy?
There was no single creator of the idea of a circular economy. The term is largely a 21st century construct, but the principles behind it were first talked about in the mid-twentieth century.
Kenneth Boulding’s The Economics of the Coming Spaceship Earth (1966), Herman Daly’s notion of a ‘steady-state economy’ from 1974, and Cradle to Cradle: Remaking the Way We Make Things (2002) by Michael Braungart and Bill McDonough are seminal publications on the topic.
What are the benefits of a circular economy?
A circular economy offers a wide range of social, economic, and environmental benefits.
By maximising the lifetime of our products and materials and designing out waste, circularity reduces both our demand for raw materials and the environmental impact associated with obtaining them.
And using recycled raw materials will, in most cases, use less energy when manufacturing products, therefore reducing carbon emissions. Circularity reduces both our demand for raw materials and the environmental impact of obtaining them. Why circular economy is the future? Reduced Waste; By implementing circular economy models, we can significantly reduce the amount of waste being produced and increase economic growth by creating new industries around better managing the waste being produced.
Circularity also promises to deliver substantial economic benefits. Scaling up reuse, repair, remanufacturing, and recycling creates millions of jobs and stimulates innovation. Capturing and reusing critical materials such as rare earth metals helps make the economy more resilient to global supply chain shocks and ensures the world has the materials to create the renewable energy infrastructure it needs.
In this master course of Circular economy 3.0, you can learn 5 major topics,
1. Introduction and Overview of Circular Economy 3.0
2. Main Concepts and Components of Circular Economy
3. Circular Economy and Business Ideas and benefits
4. Europe and Circular Economy
5. Circular business model and how to start, how to build?
