The way our economies extract, use, then dispose of resources is putting pressure on our natural systems, communities, and public health. Explore the policy and trade dynamics associated with transitioning from linear to circular economic models and the analyses of the opportunities and trade-offs associated with such transitions. Re-use, refurb, recycle: Circular economy thinking and data center IT assets. A circular economy decouples economic activity from the consumption of finite resources. 9 "International Trade and the Transition to a Circular Economy." OECD, 2018. Circular Economy is a system to reduce - and eventually eliminate - waste and manage raw materials' scarcity through the continual use of resources. PREFACE ACCENTURE Accelerating India's Circular Economy Shift A circular economy, as defined in the Save Our Seas 2.0 Act, refers to an economy that uses a systems-focused approach and involves industrial processes and economic activities that are restorative or regenerative by design, enable resources used in such processes and activities to maintain their highest value for as long as possible, and aim . General facts about circular economy. Hard Drives From Hard Drives. CSO. Recycling can take many forms, and the recycling of data center hardware is no different. Circular Economy Advantage", which explores the enormous opportunity from circular business models globally. A circular economy (also referred to as circularity and CE) is "a model of production and consumption, which involves sharing, leasing, reusing, repairing, refurbishing and recycling existing materials and products as long as possible". Covid-19 and supply chain issues are driving up interest in circular thinking for servers and networking gear, but will hyperscalers and hardware-as-a-service OEMs make it the norm? Estimates suggest that the global population will reach close to 9 billion by 2030 - including 3 . To realize the trapped value, collaboration is required across the entire value chain with traditional and new businesses. The explosion in connected devices is getting the wheels of the circular economy turning. Central Statistics Office. Join this GREEN INSIGHTS, as part of Circular City Week 2021, where New York and Denmark will share knowledge, solutions and challenges to deploying the use of data in a circular economy. Experimental statistics: Circular economy indicators, Slovenia, 2016-2019 We are publishing experimental calculation of the circular economy indicators. Recently, Thailand stated that the country planned to implement CE within the Eastern Economic Corridor (EEC) special investment zone. In the context of insufficient knowledge about the most effective leadership patterns for sustainable construction . Research shows the transition to renewable energy can only address 55% of emissions; the remaining 45% comes from producing cars, clothes, food and everyday products. The resulting waste - including plastics, textiles, food, electronics . In the context of insufficient knowledge about the most effective leadership patterns for sustainable construction . The data-based circular economy brings both opportunities and challenges. When applied to manufactured products, digital . Though in its early days in terms of implementation, there is a real demand for data and tools that allow effective . "The positive impact it has is not only environmental, but also economical.". The circular economy in Europe continues to enjoy it's time in the spotlight, and with good reason. "The scale at which we repurpose and reuse materials is astounding," remarked Shobhit Rana, Google Networking Planning Lead. The framework informs participants on how to manage big data analytics to support the triple bottom line. The Bureau of the Conference of European Statisticians carried out an in-depth review of measuring circular economy in October 2020. Novel business models and responsible consumers enable it. Energy consumption per car produced has been decreased by 12.4% over the last decade. Department of Business, Enterprise and Innovation. Organization. The concept of the circular economy tries to bring together multiple disciplines into one common framework. Additionally, data on waste are fragmented and lack the disaggregation and timeliness needed to inform circular economy policy in a holistic, place-based and timely way. 2. A circular economy is an economic model designed to minimize resource input, as well as waste and emission production. Yet, just about 5% of the remaining value of material goods is recaptured and used when we dispose of the products 1. Defining the circular economy in terms of statistics was one of the key tasks of the . LINEAR ECONOMY. European international research project Circular Economy in the Data Centre Industry was granted an additional 1.245m Euros to extend its work into three more European countries in March.The project added Ireland, Belgium and Luxembourg to its geographical scope, in addition to the original countries France, Germany, the UK . The Netherlands aims to be a 100 percent CE economy by 2050, while Finland's goal is to be a leading CE country by 2015. These need to be bridged to ensure that insights from the micro-level can be useful for the macro-level and vice . In general terms, for the EU Commission, "circular economy" refers to maintain and optimize the value of products and materials for as long as possible; waste and resource use are minimised, and resources are kept within the economy when a product has reached the end of its life, to be used again and again to create further value through more efficient . Product provenance: . Circular economy facts. Upstream solutions such as product and . A circular economy aims to maintain the value of products, materials and resources for as long as possible by returning them into the product cycle at the end of their use, while minimising the generation of waste. DBEI. In 2019, over 92 billion tonnes of materials were extracted and processed, contributing to about half of global CO2 emissions. Circular Economy - Looping on data. In recent years, McKinsey research has shown that the circular economy —using and reusing natural capital as efficiently as possible and finding value throughout the life cycles of finished products—is at least part of the answer. Complex circular economy practices drive the need for better collaboration and data sharing among participants. Create separate business unit for circular economy activities to drive growth: 17 % 20 % 18 % 45 % Integrate circular economy skills in talent strategy: 16 % 39 % 23 % 22 % Link circular economy . Community Resources Network Ireland. 'It clearly shows that the transition to a circular economy affects the targets of various SDGs. Be in no doubt, the transformation required by the circular economy will make the industrial revolution and the data revolution look like . WATCH IT ON DEMAND BELOW. Download the Protocol. Chair's Message. The circular economy initiatives at work in Google data centers are a perfect blend of good for planet and good for business. The State of the Circular Economy in America. It 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. 2020). 8 msci.com Circular Economy These indicators were selected in order to capture the main elements of a circular economy. Circular economy facts: European automotive manufactures have significantly reduced the environmental impact of vehicle production over the last decade. Data for circular economy policy (e.g. Explore the policy and trade dynamics associated with transitioning from linear to circular economic models and the analyses of the opportunities and trade-offs associated with such transitions. See, for example, Hanh Nguyen, Martin Stuchtey, and Markus Zils, " Remaking the industrial economy . The Circular Economy Resource Registry (coming in 2022) This registry is an online platform for finding data, tools, and informational resources useful to facilitating a circular economy. The circular economy refers to a departure from our current linear 'take-make-dispose' model. CE aims to tackle global challenges like climate change, biodiversity loss, waste, and pollution by emphasizing the design-based implementation of the three . On the other hand, if the term is defined, the definition widely varies . The Circular Economy ChallengeBusiness, governments and citizens around the world increasingly recognize the challenges caused by our "take-make-dispose" approach to production and consumption. The Circular Economy Programme. March 08, 2022 By Dan Swinhoe Learn more. 1. Circular Economy Circular business models represent fundamentally different ways of producing and consuming goods and services. Open data can provide solutions to achieve the goals of the new strategy by improving decision-making based on data insights. To implement the circular economy, one of the major challenges in many countries is the quantification and thus reliable and verifiable data for waste, therefore being one of the main goals of the . Thus, while the circular economy is considered to be an evolution of recycling, it is not the same. Defining the circular economy in terms of statistics was one of the key tasks of the report, because the circular economy is relatively new as a statistical topic and prior to this report it has not been examined thoroughly from the perspective of regular statistics production Read more about the indicators for the circular economy.. The most important facts on recycling at a glance. DigiCirc aims to empower SMEs to leverage digital technology as a key enabler for innovative circular services, processes and business models. Havas adds: "It is vital that we understand how to achieve a circular economy beyond the recirculation of materials. 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 circular economy has seen a significant increase in interest over the past few years and is continuing to gain steady momentum. CE replaces the end-of-life concept with restoration and regeneration, shifts towards usage of superior design of materials, products, systems and business models for waste elimination. A circular economy is a systemic approach to economic development designed to benefit businesses, society and the environment by decoupling economic growth from the consumption of finite resources. • Applying circular economy strategies in just five key areas (cement, aluminium, steel, plastics, and food) It therefore allows value adding to materials to occur multiple times across their life cycle. Please wait for a while until it is released. The circular economy represents a new production and consumption model and stresses the importance of the reuse, renewal, and recycling of materials and products and repair in order to extend their use (Proedros, 2019). Climate protection, sustainability, resource efficiency. Like infrastructure including hardware, lighting installed in a data center can . But data comes with its own ecological footprint and does not automatically guarantee circularity. Clean Technology Centre. Circular Economy Innovation Grant Scheme. The circular economy is a critical design tool through which we can achieve this goal. CE aims to tackle global challenges like climate change, biodiversity loss, waste, and pollution by emphasizing the design-based implementation of the three . , Aug 20, 2021. The State of the Circular Economy in America delivers the first United States focused scan of the Circular Economy landscape.By providing an analysis of 202 United States based Circular Economy initiatives, this report offers concrete examples of Circular Economy solutions, as well as demonstrates the diverse array of stakeholders and industries . The circular economy in action (Geissdoerfer et al. This article has been contributed by Astrid Wynne Rogers of Techbuyer. The vision for the Programme, which is led by the EPA, is an Ireland where the circular economy ensures that everyone uses less resources and prevents waste to achieve sustainable economic growth. Keeping in view the importance of these considerations, this work looks into the role of Industry 4.0 technologies in adoption of CE practices and the impact of CE practices on firms&rsquo . The circular economy also holds significant value potential, and it is estimated that up to $140 billion can be captured by 2030 in the Nordics if the circular economy is implemented at scale2. The circular economy is a different way of doing business. For example: recycling, efficient resource use and substitution can be linked to several SDG indicators. With up to 50 billion connected devices predicted by 2020, the emergence of what the World Economic Forum calls the fourth industrial revolution could finally unblock some of the bottlenecks that are hampering the transition towards a circular economy.. #1 - Now the Earth takes almost 1.5 years to regenerate what we use in a year. Organization. 7 surprising facts to know about the circular economy for COP26. Of course, it's an opportunity that entrepreneurs have seized across Europe and on a global scale. Image: Miikka Pirinen. According to a 2019 global supply chain survey, 34 percent of respondents mentioned they used advanced analytics to enable circular economy activities . Peter's work has served as a huge inspiration for us to dive deeper into the Circular Economy opportunity for India. With the release of social enterprise Circle Economy's Global Circularity Report on Tuesday (23 January), which claims that only nine per cent of the world's resources are cycled back into the economy after use, the circular economy is high on the agenda at this year's World Economic Forum (WEF) Annual Meeting.. Disciplines that carry with them their own established methods and challenges with data, methods, ontologies, and tools. About CEA. The report is part of the government-wide programme entitled 'A Circular Economy in the Netherlands by 2050'. When we want the latest phone or computer, we tend to bin . It concludes with recommendations for addressing them. Circular economy, data, and the construction industry Circular economy (CE) as a concept has become widely known in relation to the reuse and recycling of short-lived consumer goods such as clothing, phones, computers, washing machines etc. A circular economy (also referred to as circularity and CE) is "a model of production and consumption, which involves sharing, leasing, reusing, repairing, refurbishing and recycling existing materials and products as long as possible". About CEA. Resources. It is a central hub where stakeholders across industry sectors, material categories, and lifecycle phases can both locate circular economy information and add . The State of the Circular Economy in America delivers the first United States focused scan of the Circular Economy landscape.By providing an analysis of 202 United States based Circular Economy initiatives, this report offers concrete examples of Circular Economy solutions, as well as demonstrates the diverse array of stakeholders and industries . Get in touch with us now. According to the European Commision, the Circular Economy has the possibility to create 700,000 jobs and increase GDP by 0.5% in the EU by 2030. 10 "Circular goes digital." Deloitte. In the natural world, there isn't any rubbish or landfill. DAFM. The circular economy approach is particularly relevant for EEE. European tyre manufacturers have taken significant . One of the most important challenges is the mitigation of their usage for construction projects. A circular-economy development index created by the statistics bureau aggregating all these indicators grew from 100 in 2005 to 137.6 in 2013. Where: Online. CEIGS. Circular economy (CE) is an industrial system, which is an alternative to highly extractive and resource-intensive linear economy principle of take-make-dispose. The most important facts on recycling . Statistics | Circular Economy Association. #2 - Currently, our world economy is only 9.1 percent circular, leading to a massive circularity gap 1. The aim of the report was to produce indicators describing the extent and development of the business activity of the Finnish circular economy. The monitoring framework on the circular economy as set up by the European Commission consists of ten indicators, some of which are broken down in sub-indicators. One of the most important challenges is the mitigation of their usage for construction projects. What does « circular economy » mean? The construction sector significantly impacts the environment. Department for Agriculture, Food and the Marine. The Circular Economy ontology will be developed with products as the main focus unit, since product passports will account for the main data source. The term "circular economy," which encompasses many strategies for waste reduction in industrial systems, has become very prominent in recent years to counter the wasteful "take-make-dispose" approach to product design. Because of that a circular economy reduces primary material requirements, optimises processes and products for lower material and waste intensity. With this surge in popularity, many mention the term 'circular economy' or 'circular principles' without really explaining what they mean. This is a linear economy—it moves in a straight line from resource extraction to waste disposal. Managing relationships among stakeholders is the key success factor when employing big data analytics in circular economy. Energy is provided by the Sun, one species' waste is another's food and when things die, their nutrients return to the soil — in a circle of life. The fewer products we discard, the less materials we extract, the better for our environment. While we may consider these innovations to be purely product or design oriented, we have the opportunity consider the intersectionality of community involvement, impact and circularity. From the perspective of value chains in the production and recycling, there is a need for a common data system which would cover the whole value chain. 11 "The Circularity Gap Report 2021." Circle Economy, 2021. Systems change requires an ecosystem approach. on reuse and repair) are currently limited to waste data in Ireland. Since the circular economy and recycling systems are still emerging and guided by legislation, data must also be gathered for the needs of statistics, waste monitoring and RDI activities. The document reviews existing concepts and definitions of circular economy and identifies key information needs and measurement challenges. 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. For the European tyre industry, the Circular Economy begins with design by developing tyres for both optimal performance and longevity. 1. The World Economic Forum's circular economy definition is "an industrial system that is restorative or regenerative by intention and design."As opposed to the traditional linear model that transforms raw materials into products that are used once and discarded, the circular model closes the loop by bringing products back into the cycle after use so they can be reused, recycled, or . Ireland's Circular Economy Programme (2021 to 2027) is the driving force for Ireland's move to a circular economy. Unfortunately, humans do things in a more linear way…. Information Disclosure. The list is constructed to be short and focused. Building on the initial plans of 2015, the new strategy focuses on the design and production for a circular economy, with the aim to ensure that the resources used are kept in the EU economy for as long as possible. Download here our poster and the graphics on the subject "Recycling in Germany". The winner, Topolytics, created an app for real-time tracking of waste flows in . The CBS report presents a number of indicators that reflect the link between SDGs and circular economy better. process data. It is now under preparation. Blue economy aims at fostering sustainable development of maritime sectors, promoting growth and innovation, safeguarding healthy seas and their ecosystems. Welcome to Circular economy data hub. CRNI. The passports should store information about the product provenance and the product qualities. A circular economy is about business models and practices that ensure sustainable materials management. Resources. With them, it wants to show Slovenia's progress in the transition to a circular economy, whose purpose is to . . Last year SAP partnered with Google Cloud to pose a Circular Economy 2030 challenge to social entrepreneurs, in which participants were asked to propose a revenue-generating idea that used both the Google Cloud Platform and SAP solutions to advance a circular economy. A 19% increase is expected in the number of these devices consumed around the world from 2012 to 2025 (Household Appliances - Worldwide, 2020). 8 "Towards the Circular Economy: Economic and business rationale for an accelerated transition." Ellen MacArthur Foundation, 2015. Vision. The European Union adopted the Circular Economy Action Plan in 2015. It is now under preparation. 4.375. 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