A version of this post was first published on BusinessGreen.
It’s only years after its 1970s inception that the circular economy concept is really beginning to gain traction. The publication this summer of a clutch of policy proposals and recommendations from governments, business organisations and NGOs alike show that the idea is really gaining momentum.
But the catch-all title ‘circular economy’ belies a diverse set of complementary but distinct processes and activities. Some of these, such as improved recycling, could be achieved through tweaks to current regulatory and financial systems. Others, such as the more ambitious and valuable ‘inner loops’ of a circular economy – reuse, remanufacturing and servitisation – require more fundamental changes in the frameworks that shape business strategies and investments. Read more