Abstract The circular economy is argued to be a way of organising industrial systems that support resilience through decoupling economic growth from material consumption. Circular Economy and Resilience: A Research Agenda At an altitude of 500 meters, Kalamafka has lush green vegetation and rich sources of spring water, and extensive olive cultivation in the fertile soils between the rock formations that characterize the entire landscape. By reducing waste, promoting resource efficiency, and fostering innovation, circularity presents a pathway towards climate resilience. Design for disassembly, deconstruction and resilience: A circular Similar pilots could be developed between countries to test solutions that improve transparency and traceability of trade flows. International trade encompasses multiple actors and agreements that are tangled and overlapping, which has led analysts to label the trade regime a spaghetti bowl of agreements. It is estimated that the urban population worldwide will nearly double by 2050 - an increase that has serious implications for water demand in cities. Circular Economy We can help safeguard economic resilience by creating community resilience. The purpose of the webinar was to launch the World Bank report Water in Circular Economy and Resilience (WICER) and the global initiative. They use drones for tasks as simple as aerial photography or as complex as sophisticated data collection and processing. Circular Economy principles have emerged as a response to the current unsustainable linear model of take, make, consume, and waste. Yet so far, the water sector has not been systematically included in high-level circular economy strategy discussions. Yet, at the same time, significant knowledge and implementation gaps remain. Here's how, Opportunities for a circular economy post COVID-19. This report presents the Water in Circular Economy and Resilience (WICER) Framework This case focuses on the experience of So Paulo, Brazil. Its high time to embrace a fundamental change. Building resilience: the impact of the circular economy on global trade and In development. Trade in services has been accelerating. WebIndia in Chile on Twitter: "RT @narendramodi: The Union Cabinet's approval for the innovative CITIIS 2.0 programme will foster a circular economy and enhance climate resilience across our cities. If you continue to navigate this website beyond this page, cookies will be placed on your browser. A 2023 IBM IBV study showed that organizations that are seen as ESG leaders are 43% more likely to outperform their peers on profitability. By .css-7ast2v{color:#2f2f46;}Amelia Kuch, Policy Insights Manager, Ellen MacArthur Foundation on September 7, 2022. Extremely well researched and very informative. Using the WICER framework, the World Bank will continue to support and collaborate with countries and cities to create a long-term plan that suits their respective communities. This step aligns with India's commitments towards a better and more sustainable planet. To avoid being locked into linear and inefficient systems, low- and middle-income countries can leapfrog and apply the WICER framework to design and implement circular and resilient water systems from the outset. Learn how to prepare your organization for the future, create greater transparency and improve employee and customer experiences. H&M, a global fashion retailer, has launched garment collection initiatives to encourage consumers to recycle their clothes. Resilience and the circular economy: Opportunities and Emerging technologies help organizations meet these complex challenges: Data incorporated from multiple sourcesinternal, public, scientific, marketplacecan be infused into business processes and decision-making to improve environmental outcomes. The circular economy could help manufacturers become more agile and resistant to supply chain stocks. To this aim, a systematic literature review of previous studies is conducted. The World Banks digital platform for live-streaming, Environmental and Social Policies for Projects, International Development Association (IDA), Interactive Webpage of the WICER Initiative, Circular Economy: An Opportunity to Transform Urban Water Services. jr . Abstract. Contact: /*Circular Economy The report provides examples such as: water utilities that have re-evaluated the full potential of their existing infrastructure - resulting in huge savings in delayed capital investments; water utilities that have implemented energy efficiency and non-revenue water programs, recovering the investments in less than three years while saving water and energy and increasing the amount of people with access to services; water utilities producing renewable energy and reaching energy neutrality; water utilities recovering resources from wastewater andcreating a new revenue stream by selling energy, water, and fertilizers to cover operating costs; municipalities that have partnered with the private sector to restore watersheds and provide sanitation services; etc.. When expanded it provides a list of search options that will switch the search inputs to match the current selection. This is about creating resilience within a community to weather all coming storms: in climate, health, education, nutrition and all other problems and pressures that the community faces now and in the future. Virtualization can underpin the circular economy by applying the 9 Rs of circularity: Refuse, Reduce, Reuse, Repair, Refurbish, Remanufacture, Repurpose, Recycle, and Recover. Understanding how policymakers can encourage and promote trade in services through different policy levers will be needed. Circular Economy Induced Resilience in Socio-Ecological Resilience and the circular economy: Opportunities and risks A recent IBM study found that global executives cite inadequate data (41%) as the biggest obstacle to their ESG progress, followed by regulatory barriers (39%), inconsistent standards (37%) and inadequate skills (36%). The report presents the Water in Circular Economy and Resilience (WICER) Adopting the circular economy (CE), an industrial economic model that fulfills We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. Companies like BMW have implemented "circularity in action" by rethinking their manufacturing processes and designing vehicles with a focus on recyclability and reusability. WebHow a circular economy can build resilience for climate change and disaster recovery. As business leaders, how do we ensure the community that supports our workforce, and ultimately is our workforce, has access to fresh clean water, to healthy and nutritious food and to the education needed to meet the needs of supply chains? jr ; 25 jr. Harnessing Circular Economy Principles for Climate Resilience Applying these principles to everyday business applications is more vibrant than ever, especially as organizations shift toward new economic models. A less-than-optimal transportation infrastructure affects the economy, hastens environmental impact and lowers the overall quality, 3 min read - While many organizations have established environmental, social and governance (ESG) goals and made ESG commitments, driven by purpose and emerging regulatory requirements, they face several challenges when making the transition from ambition to action. 67% of Chief Supply Chain Officers (CSCOs) report significant negative effects on demand forecasting. To learn more about this initiative, please contact: Diego J. Rodriguez, Lead Water Economist (drodriguez1@worldbank.org) or Carlo Alberto Amadei, Young Professional (camadei@worldbank.org). The circular economy is based on three tenets that support supply chain To fully integrate the principles of the circular economy into trade and trade-related policies, the following areas need to be advanced: Mapping of the impacts of circular economy trade against multiple policy areas to ensure alignment, Investment in the mechanisms that can provide better information about goods, through transparency and traceability, Development beyond trade in durable goods to consider trade in services and agricultural goods. The onset of the Coronavirus Disease 2019 (COVID-19) pandemic has resulted in a major crisis that has severely impacted numerous economic, environmental, and social aspects of human life. In practice, advancing traceability in circular trade would mean. In recent years, we have all experienced the economic turmoil caused by global crises from the Covid-19 pandemic to the Russian invasion of Ukraine and the multiple disruptive impacts of climate change. Through their "Close the Loop" program, they collect used garments and give them a second life through recycling and upcycling, reducing textile waste and minimizing the industry's carbon footprint. 66% indicated that they didnt suffer any losses compared to 2% of non-circular companies, World Trade Organisation (WTO) Public Forum, include textiles, construction, industrial and electric vehicle batteries, It is the ability to trace products, components, and materials, as well as the social and environmental conditions in which they were made, along the whole supply chain, including after use. Circular Economy https://pib.gov.in/PressReleasePage.aspx?PRID=1928598 31 May 2023 16:55:15 We will see greater levels of climate migrationindividuals forced to leave their homes due to climate related conditionsand disruption to communities. Ellen MacArthur Foundation ANBI RSIN nummer: 8257 45 925. The solutions to the challenges communities face todayto bridge the digital divide, to ensure access to education, arable land, clean energy and healthcarewill be complex, specific and socio-economically bound. Threats like climate change and biodiversity collapse will permeate every facet of our access to clean energy, commodities, clean water and healthy and nutritious food. Their Koroneiki olive trees are 20-25 years old and grow together with ancient olive trees (the oldest of which is over 3000 years old with a circumference of about 14m). "Climate change is the ultimate test of our resilience and ingenuity. Embracing circular economy principles holds the key to not only mitigating its impacts but also building a future that thrives. The current water crisis is one of the greatest challenges of our time. Yet, given that machinery, equipment and systems keep businesses running, maintenance strategies have a major role to play. This step aligns with India's commitments towards a better and more sustainable planet. Resilience planning is a future-proofing method to not just ensure short-term recovery after a disaster, but also reduce long-term disaster risk. in just a few months since the coronavirus (COVID-19) outbreak began, its become clear that it is dangerously fragile as well. WebRT @narendramodi: The Union Cabinet's approval for the innovative CITIIS 2.0 programme will foster a circular economy and enhance climate resilience across our cities. Merging the circular economy with COVID-19 response. It stands alongside IBM Consultings existing global AI and Automation practice, which includes 21,000 data and AI consultants who have conducted over 40,000 enterprise client engagements. 4- Whether the economy is mainly a rentier economy ?. The circular economy aims to decouple growth from raw materials consumption and is based on three tenets that support resilience: Remove waste, complexity and toxicity from products for more effective end-of-life resource management. Building stronger communities for future economic resilience Another example is MaaS Global, a Mobility-as-a-Service pioneer offering users all city transport services in one app, available in various cities globally, from Vienna to Tokyo. The international trading system comprises many thousands of unilateral, bilateral, regional, and multilateral rules and agreements among more than two hundred nations. We need holistic change and new models of success that are equitable and inclusive and that generate shared value for people and planet. Circular economy favors designing products for Food and agriculture trade is often omitted in circular economy trade discussions which tend to focus on industries such as electronics, vehicles, and packaging. 760 0 obj <>stream Web#04 Circular Economy: Creating Urban Resilience & Employment (March 11, 2021) Executive Director of CONQUITO, Wilson Merino, continues the dialogue by discussing how a circular economy framework helps generate employment and brings opportunities to all sectors. The above quote succinctly captures the significance of harnessing circular economy principles in our battle against climate change. International trade and circular economy intersect in multiple areas. However, trade in services and trade in agricultural products are two examples that go beyond this and are equally essential elements of circular economy trade. circular economy "Climate change is the ultimate test of our resilience and ingenuity. Context SABESP (Companhia de Saneamento Bsico do Estado de So Paulo S.A.) is the state owned water utility for So Paulo state. The circular economy can support COVID-19 response and build endstream endobj startxref To use the example of border measures, a better understanding of which policies can best stimulate trade in secondary raw materials is key. and materials, the circular economycircular economyA systems solution framework that tackles global challenges like climate change, biodiversity loss, waste, and pollution. Going round in circles is the best way forward Image:Matt Seymour on Unsplash. Increasing urban water use will also lead to more wastewater and water pollution. .chakra .wef-10kdnp0{margin-top:16px;margin-bottom:16px;line-height:1.388;}What is a circular economy? Over the next decade we will see greater and greater disruption to global supply chains, due to climate change and poor systems design in an economic model that externalizes the total costs of ownership. Circular Economy principles have emerged as a response to the current unsustainable linear model of take, make, consume, and waste. Yet so far, the water sector has not been systematically included in high-level circular economy strategy discussions. This step aligns with India's commitments towards a 8- The degree of technological advancement and to what extent it is used in fighting the pandemic Their Zero Waste Boxes enable individuals and businesses to recycle items such as coffee capsules, beauty product packaging, and even cigarette butts. In our current economy, we take materials from the Earth, make products from them, and eventually throw them away as waste the process is linear. Keep raw materials in use for as long as possible and at their highest quality. This focus has forced supply chain leaders to become serial innovators linking social and environmental issues with business solutions. It leads to an increasing pressure on finite resources and generates significant waste and emissions. Embracing circular economy principles holds the key to not only mitigating its impacts but also building a future that thrives." Beyond the health sector, responsible packaging firms continue to innovate on sustainable and recyclable consumer goods, despite the rise in single-use plastic packaging as a result of quarantine-related home deliveries and fears associated with reused materials. You cant do business on a dead planet. More importantly, you cant move ahead without treating the causes. To achieve its full benefits, a circular water system needs to embrace resilience and inclusiveness. is a resilient system that is good for business, people, and the environment. The pilots cover the full spectrum of value chain tiers. However, management studies bridging the circular economy and resilience Integrating circular economy considerations into these areas will require revision of existing policies, innovation, and collaboration both across departments and portfolios, as well as between the private and the public sector. circular economy strategies and resilience Considering the level of financing needed to recover from this crisiscoupled with the growing number of governments and sectors already committed to greening their industries via their Nationally Determined Contributions and related reforms for climate mitigation and adaptationits reasonable to assume that any COVID-19 stimulus should also further countries progress toward their medium- to long-term development goals. The food and beverage sector, for its part, is working with organizations to redirect surplus food to those most in need. It gives us the power to grow prosperity, jobs, and resilience while cutting greenhouse gas emissions, waste, and pollution. Circular economy principles offer an opportunity to recognize and capture the full value of water (as a service, an input to processes, a source of energy and a carrier of nutrients and other materials). Photo:Martine Perret, UN, 100 billion tons of raw materials entering the system each year. One such example is the automotive industry. WebPortugals circular economy transition needs to be improved to meet the EUs circular economy goals. hlM(Q/q0w" "Q3z4)+^f1>bllN. Circular economy principles offer an opportunity to recognize and capture the full value of water and transform urban water services. Examples provided in the report show that investments in circular and resilient systems yield economic and financial payoffs and can help utilities attract private sector financing. Coming 2023. A weekly update of the most important issues driving the global agenda. 66% report greater volatility in order cycle times and 47% report that order rates are becoming worse. It is relevant to trade in services, trade in food products, trade in second-hand goods, trade in goods for refurbishment and remanufacturing, trade in materials for recycling, and trade in secondary raw materials, among others. However, 57% of CEOs admit that defining and measuring the Return on Investment (ROI) and economic benefits of their sustainability efforts remain a significant challenge. and Resilience The best way to build resilience against future pandemics and the impact of climate change is to move to a circular economy. This signals positive progress towards a more resilient and regenerative system. If you are a business that has a distributed supply chain, crossing borders, industrial verticals, and communities, why would you not consider the resilience of that community, that supports the start of your supply chain, as an area where you can create the greatest level of business risk mitigation and build resilience? visibility of material inputs, reverse logistics, and authentication enabling reuse. So Paulo state. Water in Circular Economy and Resilience (WICER) the circular economy ensure supply chain resilience People are shifting their behavior to live and work more sustainably. Why does progress feel so slow? Wastewater: From Waste to Resource check the initiatives website for additional case studies on resource recovery from wastewater, and for additional reports and material on the topic. This topic area looks at the role of the financial sector in the shift to a circular economy. Abstract. We develop and promote the idea of a circular economy, and work with business, academia, policymakers, and institutions to mobilise systems solutions at scale, globally. WebBy ICAO Secretariat CONCEPT OF CIRCULAR ECONOMY Our current economic model relies on the traditional linear economy, which follows the pattern of creation, consumption and disposal of products. document.write(['horizonoliveoil','gmail.com'].join('@'))/*]]>*/ , [emailprotected] 0030-28410-26084, 0030-6972236082. Because its based on the principles of designing out waste and pollution, keeping products and materials in use, and regenerating natural systems, the circular economy can help us meet the Sustainable Development Goals. This includes those designing regenerative food systems, investing in repair, refurbishment, and remanufacturing infrastructure, and developing more localised, diversified, and distributed production capabilities. In an Institute for Business Value (IBV) study of CSCOs and other C-suite executives, 32% of organizations cited increasing sustainable operations among their most important business priorities. The EU's Circular Economy Action Plan sets ambitious targets for waste reduction, recycling, and product design, encouraging businesses and consumers to embrace circularity. There is a range of new research and frameworks for stakeholders to draw on, including IISD and Sitras report on incorporating circular economy provisions in regional trade agreements (RTAs), IEEP report and country level assessments, and the new Chatham House framework, which emphasises the need for a just and inclusive circular economy transition. SABESP (Companhia de Saneamento Bsico do Estado de So Paulo S.A.) is the state owned water utility for . By providing these specialized recycling solutions, TerraCycle is diverting waste from landfills and promoting a circular economy for materials that were previously considered non-recyclable. Some governments have enacted their stimulus packages already, while others are putting them together. What is circular economy and why does it matter? One such avenue is the circular economy. Climate change further exacerbates pre-existing water stresses and is already having a measurable effect on the urban water cycle altering the amount, distribution, timing, and quality of available water. Kavan Mehta on Twitter: "RT @narendramodi: The Union helps to reduce our dependence on raw materials and increase the resilience and adaptability of supply chains. The Ellen MacArthur Foundation works to accelerate the transition to a circular economy. Our team discuss what the circular economy means to them. This step aligns with India's commitments towards a better and more sustainable planet. Merging the circular economy with COVID-19 response In the long-term, the As trade agreements move into new areas, governments will often rely on knowledge and expertise from businesses to negotiate complex regulatory changes. A circular economy for food actively contributes to the regeneration of natural systems and a holistic understanding of how food and agriculture trade policies can nurture a circular economy transition, therefore, needs further exploration. Its about growth in a regenerative and restorative economy. However, its implementation in industry is slow paced. The circular economy gives us the tools to tackle climate change and biodiversity loss In practice, advancing traceability in circular trade would mean visibility of material inputs, reverse logistics, and authentication enabling reuse. Check out the Interactive Webpage of the WICER Initiative. Volume 175, December 2021, 105847 Design for disassembly, deconstruction and resilience: A circular economy index for the built environment Timothy O'Grady a b , Roberto Minunno a b , Heap-Yih Chong b , Gregory M. Morrison a b Add to Mendeley https://doi.org/10.1016/j.resconrec.2021.105847 Get rights and content Global food supply chains have also been wholly affected by the pandemic, and sadly, much of the food produced could not be delivered due to Punit Agarwal on Twitter: "RT @narendramodi: The Union There are still many unexamined areas of how trade in and for a circular economy will work but knowledge and implementation in this space is growing rapidly. The circular economy gives us the tools to tackle climate change and biodiversity loss together, while addressing important social needs. At the same time, supply chain leaders face mounting demands for sustainability, adaptability and value creationall of which expose new risks and new opportunities for transparency, visibility and resilience.
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