«INTRODUCTION - Today’s linear ‘take, make, dispose’ economic model, which relies on large quantities
of cheap, easily accessible materials and energy, has been at the heart of industrial
development and has generated an unprecedented level of growth.
Yet recent sharp price rises, increased volatility and growing pressure on resources
have alerted business leaders and policy makers to the necessity of rethinking
materials and energy use – the time is right, many argue, to take advantage of the
potential benefits of a circular economy.
A circular economy is one that is restorative and regenerative by design and aims
to keep products, components, and materials at their highest utility and value at all
times, distinguishing between technical and biological cycles. This new economic
model seeks to ultimately decouple global economic development from finite
resource consumption. A circular economy addresses mounting resource-related
challenges for business and economies, and could generate growth, create jobs,
and reduce environmental impacts, including carbon emissions. As the call for a
new economic model based on systems-thinking grows louder, an unprecedented
favourable alignment of technological and social factors today can enable the
transition to a circular economy.
This document is an executive summary of the analysis that the Ellen MacArthur
Foundation has conducted to date».
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