The Business Opportunity of a Circular Economy

Business leaders and governments around the world are increasingly looking beyond the linear ‘take, make, waste’ model of growth, with a view to making a strategic move towards an approach fit for the long-term. Research by the Ellen MacArthur Foundation

  • PDF / 30,677,719 Bytes
  • 625 Pages / 453.543 x 683.15 pts Page_size
  • 11 Downloads / 214 Views

DOWNLOAD

REPORT


An Introduction to Circular Economy

An Introduction to Circular Economy

Lerwen Liu · Seeram Ramakrishna Editors

An Introduction to Circular Economy

Editors Lerwen Liu Research, Innovation and Partnership Office King Mongkut’s University of Technology Thonburi Bangkok, Thailand

Seeram Ramakrishna Mechanical Engineering National University of Singapore Singapore, Singapore

ISBN 978-981-15-8509-8 ISBN 978-981-15-8510-4 (eBook) https://doi.org/10.1007/978-981-15-8510-4 © Springer Nature Singapore Pte Ltd. 2021 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Springer imprint is published by the registered company Springer Nature Singapore Pte Ltd. The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore

Foreword

The Covid-19 outbreak has exposed the fragility of the current economic model. It has severed various global and complex supply and production chains, contributing to their vulnerability. This crisis has shown again that the current linear take-usedispose system is failing and that we need to dramatically transform our economic model to progress decisively in the transition towards a truly circular economy, where resources are maintained in the economy for longer, and waste is minimised. This new economic model needs to be underpinned by the idea of resilience. The circular economy, by changing the way we produce and consume, can create a more performant economic model that prioritises reliability and sustainability. Europe has been working very hard in this direction over the past 5 years, leading the path towards a climate neutral, resilient circular economy. In this context, the EU has adopted significant measures for a coordinated response to ensure the recovery and at the same put in place its European Green Deal, the flagship of President von der Leyen’s Commission. Such measures can als