Circular economy Flashcards
Sustainable growth
Refers to a rate of growth that can be maintained without creating significant economic, environmental or social problems for future generations.
Policies to promote sustainable growth
-Carbon taxes
-Carbon trading schemes
-Environmental regulations such as plastic bans
-Spending to protect biodiversity
Key principles of the circular economy
-Design for longevity
-Closed-loop systems
-Renewable energy
-Sharing and collaborative consumption
-Regeneration of natural systems
Design for longevity
Products are designed to have longer lifespans using durable materials and considering usability and repairability
Closed-loop systems
Products and materials are recycled, remanufactured or repurposed rather than disposed of.
Renewable energy
Clean energy reduces environmental impacts and contributes to a more sustainable system
Sharing and collaborative consumption
Sharing platforms and collaborative consumption models reduces demand for new products and minimises waste.
Regeneration of natural systems
Aim is to regenerate ecosystems and support biodiversity through sustainable land use and resource management.
