Here are the top 5 FAQ's related to the Circular Economy
1. What is the Circular Economy?
From Wikipedia (click to see much more):
A circular economy is a regenerative system in which resource input and waste, emission, and energy leakage are minimized by slowing, closing, and narrowing energy and material loops; this can be achieved through long-lasting design, maintenance, repair, reuse, remanufacturing, refurbishing, recycling, and upcycling. This is in contrast to a linear economy which is a 'take, make, dispose' model of production.
A major argument in favour of the circular economy approach is that achieving a sustainable world does not require changes in the quality of life of consumers, nor does it require loss of revenues or extra costs for manufacturers and other economic agents. The argument is that circular business models can be as profitable as linear models and allow consumers to keep enjoying similar products and services.
2. Who is involved in moving the Circular Economy concept forward?
The global champion for the Circular Economy is the Ellen MacArthur Foundation (Link). They are sponsored by Global leaders such as Google, Danone, Philips, Nike, and Unilever. They have offices here in the USA.
3. Why is Austin a good place to support the Circular Economy?
Because we have a local champion. The City of Austin's Department of Resource Recovery has recently re-branded their Office of Economic Development to the Office of the Circular Economy (OCE). OCE recently initiated a small business accelerator with the University of Texas IC2 - Austin Technology Incubator to focus on the Circular Economy. Austin wants to lead in the Circular Economy and its recent actions walk the talk.