See the below image for the Circular economy community engagement and sustainable models diagram. Sustainability is not a luxury; it is a basic human right. The circular economy concept is a novel economic model aiming to foster sustainable economic growth, boost global competitiveness, and generate new jobs. In order to make the circular economy mainstream, radical and systemic innovation is needed.
A case-study approach was used to explore the role of stakeholder engagement in the transition to a circular economy while also considering the establishment of an enabling corporate culture based on sustainability principles.
As a system-level phenomenon, circular economy business models require interaction between all involved actors, including both the core-business network and other stakeholders. Figure 1. The idea of the circular economy as a feedback-rich (non-linear) system (adapted from Aminoff et al., 2016)
See the below image for the Future sustainable economy diagram. It is also critical to invest in under-capitalised developing countries which are the growth markets of the future, and which are critical to meeting climate goals. Long-term government policy has traditionally inspired private capital and would potentially super-charge a global sustainable revolution.
Growth enables sustainability by encouraging investment. Economic growth strengthens consumer confidence, spending, and demand, all vital elements of a healthy investment climate-which the energy transition is going to need.
Growth counteracts sustainability through greater resource consumption. The global material footprint” -that is, the raw materials used to make the goods that we consume-rises in correlation with GDP growth. 7 7. The Sustainable Development Goals Report 2019, United Nations, 2019, unstats. un. org.
See the below image for the Globalization measuring the global economy diagram. Economic globalization is measured by the actual flows of trade, foreign direct investment and portfolio investment, as well as the restrictions applying to these flows.
In economics, globalization can be defined as the process in which businesses, organizations, and countries begin operating on an international scale. Globalization is most often used in an economic context, but it also affects and is affected by politics and culture.
The Globalization Index also measures economic integration. It tracks the movements of goods and services by examining the changing share of international trade in each country’s economy, and it measures the permeability of national borders through the convergence of domestic and international prices.
See the below image for the US vs other countries economy diagram. The United States economy’s growth rate for 2019 was quite low when compared to other countries. The IMF found that the growth rate for the United States was 2.35%, good for 115th in the world out of 193 countries. America was behind both the Czech Republic and Slovakia, as well as Morocco, Belize, Sri Lanka and Algeria.
Despite the high economic growth rates of developing nations, the United States is by far the world’s wealthiest nation, as measured by gross domestic product (GDP) — the broadest measure of economic wealth. The rest of the world doesn’t even come close. This year, U.S. GDP should hit $18 trillion.
Although the U.S. economy was not as dominant as it was directly after World War II, the rest of the world (outside of China and India) has hardly fared better since the 1980s. The Japanese economy has not matched U.S. growth rates for the last two decades.
See the below image for the Global economy gdp diagram. World’s GDP is $80,934,771,028,340 ( nominal, 2017). See also: GDP per Capita. #. Country. GDP. (nominal, 2017) GDP. (abbrev.) GDP.
The statistic shows global GDP (gross domestic product) from 2014 to 2017, with projections up until 2024. In 2017, global GDP amounted to about 80.14 trillion U.S. dollars.
The statistic shows global gross domestic product (GDP) from 1985 to 2020, with projections up until 2026. In 2020, global GDP amounted to about 84.97 trillion U.S. dollars, almost three trillion lower than in 2019.
See the below image for the Circular economy structure diagram. A circular economy is an economic model designed to minimize resource input, as well as waste and emission production. Circular economy aims to reach the maximum efficiency in the use of finite resources, the gradual transition to renewable resources, and recovery of the materials and products at the end of their useful life.
The enabling elements of the circular economy support the implementation and uptake of circularity by removing some of these obstacles for core elements-for example, using waste as a resource is difficult to implement because of a lack of knowledge of quantity and quality of waste streams, but can be enabled through the use of a digital platform…
More generally, circular development is a model of economic, social and environmental production and consumption that aims to build an autonomous and sustainable society in tune with the issue of environmental resources. The circular economy aims to transform our economy into one that is regenerative.
See the below image for the Sustainable economy diagram. The Thwing Center defines economic sustainability in its traditional sense as: […] The ability of an economy to support a defined level of economic production indefinitely.” – Thwing Center, Economic Sustainability
The Sustainable Economy 1 Putting a Price on the Priceless. The first trend contributing to Sustainability 3.0 is the recent progress on quantifying ecosystem services— that is, measuring, in dollar terms, the value of … 2 Funding the High Road. … 3 Converging on Value Chain Indices. … 4 Data, Vision, and Will. …
Europe must transform its economies and make them sustainable. A sustainable economy is one that is resilient and provides a good quality of life for everybody. It stays within the limits of the planet and helps keep global warming within the well below 2°C threshold.
See the below image for the The circular economy concept diagram. It is a resilient system that is good for business, people and the environment. The circular economy is a systems solution framework that tackles global challenges like climate change, biodiversity loss, waste, and pollution.
Furthermore, the C2C principles have been key contributors to the definition of the concept o f circular economy as advocated by Ellen MacArthur Foundation. As a matter of diagram of CE developed by EMF. In addition, the reliance on renewable energies and t he promotion of diversity are often cited as key principles of CE.
The fundamental need for an alternative to the traditional linear model of growth has led to the emerging debate about circular economy (CE), described as an economy with closed material loops.
See the below image for the Procurement in the circular economy diagram. Through knowledge exchange and collaboration CircularProcurement.ca is a leading showcase of insight and experience to put circular economy concepts into action. We recognize the power of buying to shift markets and offer products and services to advance broader environmental and social goals.
Creating a circular economy — one that eliminates waste and pollution, keeps products and materials in use, and regenerates natural systems — will be crucial to realizing our net-zero goal. Changing how we buy and what we buy is critical for Canada’s transition to a circular economy.
Transitioning to a circular economy unlocks a $4.5 trillion economic opportunity for Canada. Governments across Canada spend $200 billion annually on goods and services, which equates to 15% of Canada’s Gross Domestic Product (GDP): 80% or $160 billion is spent by municipalities.
See the below image for the Centrally planned economy diagram. The government of a centrally planned economy decides where and when production and investment will be directed.
What is a ‘Centrally Planned Economy’. Unlike a market economy — in which private citizens and business owners make production decisions — a centrally planned economy controls what is produced and the distribution and use of resources. State-owned enterprises undertake the production of goods and services.
Central planning is also referred to as a ‘Command economy’ or ‘Communist economy.’ WIth Central planning, the theory is that the government will take ownership of the means of production and run the economy in the interest of workers.