18 Questions
What are examples of new business models mentioned in the text?
Product as a service and upcycling
Which model aligns with sustainable consumption and production in a circular economy?
Cradle to cradle
What is a key principle of circular economy according to the text?
Eliminating waste and pollution
What are the consequences of a linear economy as described in the text?
Waste, pollution, and inequality
Which of the following is part of the 7 R's model in a circular economy?
Recover and recycle
How do products in a circular economy differ from those in a linear economy?
Designed for return to the environment after use
What is one way to implement circular economy principles in urban areas and regions?
Developing circular economy business parks
How can the supply chain support the circular economy?
Implementing a closed-cycle supply chain
In a circular economy, what type of inputs are used in production processes?
Renewable, recycled or strongly recyclable inputs
What is the key concept of sharing economy in a circular business model?
Maximizing the use of unused goods within a community
Which of the following is NOT a way to implement circular economy principles?
Encouraging single-use plastic packaging
How do 'born circular' producers benefit from using circular inputs?
Lower costs for production inputs as materials come from surplus and recycled sources
What is a key role of cities and regions in implementing circular economy practices?
Designing buildings and products for reuse, repair, and recycling
What does the product as a service concept in a circular economy focus on?
Providing products to customers as a service rather than selling them outright
Which strategy is crucial in extending the use of products and reducing waste in a circular economy?
Implementing product-as-a-service models
What is an example of a circular economy project that supports resource recovery?
Creating circular procurement policy for cities and public institutions
What is the objective of extending the use of a product in a circular business model?
To maximize the lifespan of products and reduce waste
How does the circular economy approach shared industrial items like conveyor belts and machinery?
By providing access without buying or renting from traditional suppliers
Study Notes
Circular Economy Principles
- A circular economy involves continually innovating and designing new products and services that align with circular principles and sustainable consumption and production.
- The 3 principles of circular economy are:
- Eliminating waste and pollution
- Circulating products and materials
- The regeneration of nature
Linear Economy vs Circular Economy
- Linear economy: make, use, throw away, pollute
- Consequences of linear economy: depletion of natural resources, pollution, waste, and inequality
- Benefits of circular economy:
- Environmental benefits
- Economic benefits
- Social benefits
- Security of resources
- Increased competitiveness
- Increased resilience
7 R's Model
- The 7 R's model is a principle of circular economy
- The 7 R's are:
- Recover
- Redesign
- Reduce
- Reuse
- Repair
- Renovate
- Recycle
Implementing Circular Economy
- Ways to implement circular economy:
- Designing buildings, infrastructure, and products that can be reused, repaired, renovated, and recycled
- Increasing the use of renewable energy and energy efficiency
- Supporting local and circular food systems
- Encouraging the sharing and leasing of goods and services
- Investing in circular business models
- Developing policies and regulations that support the transition to a circular economy
Examples of Circular Economy Projects
- Developing circular economy business parks
- Creating circular procurement policy for cities and public institutions
- Creating circular economy districts
Supply Chain Role in Circular Economy
- The supply chain is in charge of the flow of materials, products, and waste
- The supply chain should be redesigned to reduce waste, increase resource efficiency, and support reuse, repair, renovation, and recycling
- The supply chain should use only sustainable materials and production processes
- Implementing a closed-cycle supply chain
- Adopting circular business models
Circular Business Models
- The 5 keys of circular business models:
- Circular inputs
- Concept of sharing economy
- Product as a service
- Extension of the use of the product
- Recovery of resources
- Examples of circular business models:
- Subscription-based models
- Sharing economy platforms
- Renewable energy services
- Upcycling companies
- Sustainable and local agriculture
- Green building and architecture
- Ethical fashion
- Social enterprises
- Services of offsetting carbon
Benefits of Circular Economy
- Benefits of the green sustainable economy:
- Protects the environment
- Boosts economic growth
- Saves money
- Promotes resource independence
Test your knowledge on circular economy business models such as product as a service, sharing economy, and upcycling. Explore principles of eco design and sustainable consumption in Chapter 2.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
