The circular economy is a concept for a restorative economic system. It allows for economic growth within the earth’s boundaries by closing (raw) material loops. This moves concept replaces the linear system in which raw materials are taken from the earth, manufactured and are incinerated, discarded or used as landfill a few years later.
Implementing the circular economy is as much about people as it is about resources and sustainability
Moving to a circular economy means a shift in the way we think, make and act. It requires a systematic approach and has effects on how business models, governance, law, logistics, housing, agriculture, etc. are organised and structured.
The circular economy is a system in which
- Materials streams are efficiently managed and recycled;
- Run entirely on the basis of renewable energy;
- Our actions do not cause negative effects on human life and ecosystems.
Circle Economy is developing method to measure the impact of circular economy. Measurability helps authorities, companies and people to identify practical and circular solutions. Circle Economy is developing a dashboard that enables cities to determine the level of circularity and to communicate that in a certain region. The Circle Cities Dashboard stimulates other regions to learn circular strategies and to share experiences to get a higher circularity score.
Several studies suggest that a circular economy will largely result in more employment globally. We assume that this is true, however we first want to understand exactly how the circular economy affects the labor market. For this reason, Circle Economy and Erasmus Happiness Economics Research Organisation of the Erasmus University Rotterdam are collaborating to accurately measure the relation between circular economy and employment. The aim of this study is to come with recommendations on how companies and authorities can stimulate circular jobs in the near future.