According to WRAP UK (Waste and Resource Action Programme), a “circular economy is an alternative to a traditional linear economy (make, use, dispose) in which we keep resources in use for as long as possible, extract the maximum value from them whilst in use, then recover and regenerate products and materials at the end of each service life.”
SHARING / COLLABORATIVE ECONOMY
According to a paper released in 2013 by the World Economic Forum Young Global Leaders,
The strongest global thought leader in the field, the mission of the network is “to accelerate the transition to a circular economy. The Ellen MacArthur Foundation was established in 2010 with the aim of accelerating the transition to the circular economy. Since its creation the charity has emerged as a global thought leader, establishing circular economy on the agenda of decision makers across business, government and academia. The charity’s work focuses on four interlinking areas: Education, Business and government, Insight and Analysis, and Communications.”
On 2 December 2015, “the European Commission adopted an ambitious Circular Economy Package, which includes revised legislative proposals on waste to stimulate Europe’s transition towards a circular economy which will boost global competitiveness, foster sustainable economic growth and generate new jobs.
The Circular Economy Package consists of an EU Action Plan for the Circular Economy that establishes a concrete and ambitious programme of action, with measures covering the whole cycle: from production and consumption to waste management and the market for secondary raw materials. The proposed actions will contribute to “closing the loop” of product lifecycles through greater recycling and re-use, and bring benefits for both the environment and the economy.”
More details on the EU Commission pages.
The list is growing, but here are a few big UK names in the list of players facilitating the transition to a more circular economy.
Page last updated: Jan 2016