A circular economy is where environmental sustainability is an integral part of the economy.
The term was coined in the 1989 book Economics of natural resources and the environment but it was not until the 2010s that it was considered as a replacement for the established linear economy.
The European Commission, often on the forefront of progressive environmental policy, began discussion on a circular economy for the European Union in 2012.
In New Zealand the circular economy was not on the agenda of the Fifth National Government but the Ministry for the Environment had included it in their 2017-2021 four year plan. The Sustainable Business Network began work on the circular economy concept in 2015 and launched the Circular Economy Accelerator two years later. Some work is also happening at the Auckland Council, the largest local government organisation in New Zealand.
Image: TU Delft OpenCourseWare CC BY-NC-SA 4.0
Further information
- Circular Economy Accelerator – an initiative started by the New Zealand Sustainable Business Network
- A New Circular Vision for Electronics: Time for a global reboot. The Platform for Accelerating the Circular Economy (PACE). World Economic Forum. January 2019 (pdf)
- Circular economy at Wikipedia
- Circular economy at the European Commission
- Circular economy at the European Union
- Ellen MacArthur Foundation – an organisation promoting the circular economy
- David W. Pearce and R. Kerry Turner (1989). Economics of Natural Resources and the Environment. Johns Hopkins University Press. ISBN 978-0801839870
- McDonough, William, and Michael Braungart. 2002. Cradle to Cradle: Remaking the Way We Make Things. 1st ed. New York: North Point Press. ISBN 978-0801839870
- UK House of Commons Environmental Audit Committee, HC 220, Electronic waste and the Circular Economy, First Report of Session 2019–21