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The often-referenced Ellen MacArthur Foundation representation of the circular economy

The often-referenced Ellen MacArthur Foundation representation of the circular economy

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A Circular Economy is a vital precondition for humanity to make it through the 21st century without global conflict. Circular Economy policy has proven that it is here to stay. But the progress could do with an acceleration. What if a book about the Circular Economy states that “Public authorities need better data to design robust policies, enabl...

Contexts in source publication

Context 1
... defined the circular strategies the shape of feedback loops. Like playing a hit single once more, let's take another look at Figure 5. The challenge thus became developing the definition of a circular economy by circular economy strategies (CES) or value retention processes (VRP). ...
Context 2
... challenge thus became developing the definition of a circular economy by circular economy strategies (CES) or value retention processes (VRP). Several authors from several institutes set out to elaborate the feedback loops described in Figure 5. Given the size of the intellectual canvas, there was room for the scope and number of circular strategies to grow. ...
Context 3
... technical feedback loops that were not explicitly part of the right-hand side of Figure 5 especially invited people to add more circular strategies. Follow-up studies added strategies like shared use, repair and re-use of components. ...
Context 4
... of such decisions, translated into performance indicators, are given by Figure 13 and Figure 14. Figure 15 Value drivers for corporate decision makers (TCE 2019a) The one recommendation to business would be to align their corporate data and accounting systems in such a way that they can interact with public data in an optimal way. ...
Context 5
... manufacturing sectors, capital stock that is used in servitization needs to be accounted for. This way a metric such as the material stock per service (MSPS) can be expressed in a way that is relevant at both the corporate and societal level (see, for example, Figure 15). Figure 16 Simple illustration of different value creation and retention patterns, to be measured at company, sector and national levels € € € t t t Finally, there is the parallel between circular economy accounting (raw materials, substances, products) and the International Accounting Standards (IAS) that are set by a committee since the early 1970s. ...

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Citations

... With this complex subject, it is evident that robust policies created by public authorities are imperative to a CE transition but that companies mostly take the circular change in pursuit of better data and rigid public policy [37]. Solid policies will only help properly guide further transition with reliable data flows. ...
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