Introduction to Circular Economy
A circular economy (also referred to as "circularity") is an economic system aimed at minimizing waste and maintaining the value of products, materials and resources for as long as possible (IRP & UNEP 2019). As opposed to a linear, “take-make-dispose” model in which natural resources are extracted as raw materials for making products that are quickly thrown away after use, a circular economy redefines growth by decoupling economic activities from resource extraction and designing waste out of the system, thus reducing environmental degradation and improving society-wide well-being.
The application of of Circular Economy principles can lead to positive benefits across industries, sectors and policies. Circular economy approach is gaining momentum for improving resource efficiency and to reduce pollution (including plastic pollution) through sustainable consumption and production.
The modules under this course address the three critical areas: Cities, Innovation and plastic waste management. It is primarily built on core content and knowledge from regional dialogues organised in 2020 and 2021 under the SWITCH Asia RPAC.
At the city level - the concept of “Circular Cities” aims to reduce the intake of natural resources and to reduce the pollution and negative environmental impacts through resource efficiency is the focus of this dialogue. Sustainable consumption and production practices based on lifecycle assessment approach could provide basis for circular economy utilizing various aspects and focusing on various actors within the cities.
The innovations in technology are key to increase resource efficiency and to reduce pollution through the lifecycle of a product and service. These innovations are accelerated by creating innovative environment that is comprised of policies, financing, and demand.
A global consensus on ending single-use plastic waste is forging. Many countries and cities have announced legislations and rules to ban single-use plastics. Circular Economy can offer solutions to mange the burgeoning issue of plastic waste and marine litter.
To learn more, explore the modules below.
