Circularity Why circular economy is important for Cornwall? Prof. - - PowerPoint PPT Presentation

Circularity – Why circular economy is important for Cornwall?

• Prof. Peter Hopkinson

Director of the University Exeter Centre for Circular Economy

Circular Economy Summit 2019 Grow Your Business Through Collaboration

The idea of a circular economy

Circular Economy Summit 2019 Grow Your Business Through Collaboration

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Beyond recycling

Circular Economy Summit 2019 Grow Your Business Through Collaboration

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• Design out waste

and pollution

• Keep products

and materials in use

• Regenerate

natural systems

Economic Context: What we observe

▪ Material prices increasing ▪ Material price volatility increased and high risk ▪ Critical materials with – Low recapture/recycling rates, few substitutes ▪ Economic systems perspective with (too) narrow scope and skewed incentives ▪ Evidence of exceeding planetary boundaries

Price Volatility Scarcity Economic context

Circular Economy as Local Industrial Policy

• Circular Charlotte: Towards a Zero Waste

and Inclusive City, found the North Carolina city’s 900,000 tons of annual waste represent a residual value of roughly $111 million per year. By simply adopting a comprehensive waste diversion strategy, Charlotte could create more than 2,000 jobs by harnessing material instead of dumping it into ever-growing landfills &$2.3 billion in revenue by 2040.

• Circular Economy Summit 2019

Grow Your Business Through Collaboration

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Circular Economy as Place based Local Industrial Policy

Circular Economy Summit 2019 Grow Your Business Through Collaboration

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Using regional assets, material flows and local pride and entrepreneurship towards policies that drive a restorative and circular development model that empowers

• rganizations and communities to do well by

doing good – to generate economic prosperity through closed-loop and circular resource management, ecosystem restoration, and social enrichment.

Challenges

• Need for overarching vision, ambition, leadership

and funding

• Disconnect between current assets, infrastructure,

material flows and other areas of policy e.g. social – education- health policies

• Huge amount of local and regional initiatives - needs

joining up and integrating – show the business case

• But….

Circular Economy Summit 2019 Grow Your Business Through Collaboration

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• Herman Mulder, Chairman of

the Global Reporting Initiative