EUROPE’S CIRCULAR-ECONOMY OPPORTUNITY
A new study “Growth within: A circular economy vision for a competitive Europe” has provided fresh evidence that a circular economy, made possible by the technology revolution, would make Europe to grow resource productivity by up to 3% annually translating into primary-resource benefit of as much as €0.6 trillion per year by 2030 in these economies.
Additionally, it would generate €1.2 trillion in non-resource and externality benefits, bringing the annual total benefits to around €1.8 trillion compared with today.
CIRCULAR ECONOMY IS FOUNDED ON THE BELOW PRINCIPLES:
Waste is food
Waste does not exist… the biological and technical components (nutrients) of a product are designed by intention to fit within a materials cycle, designed for disassembly and re-purposing. The biological nutrients are non-toxic and can be simply composted. Technical nutrients – polymers, alloys and other man-made materials are designed to be used again with minimal energy.
Diversity is strength
Modularity, versatility and adaptiveness are to be prioritised in an uncertain and fast evolving world. In working toward the circular economy, we should focus on longer-lasting products, developed for upgrade, ageing and repair by considering strategies like emotionally durable design. Diverse products, materials and systems, with many connections and scales are more resilient in the face of external shocks than systems built simply for efficiency.
Energy must come from renewable sources
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