The Circular Economy model can help take carbon out, and capture carbon to further utilize and store and we need to stand for an Energy for all approach beyond just an Energy transition. By 2050, 2.5bn could be in energy poverty so we need “every electron, wind gust and solar ray to help reduce the energy gap”. This would serve the longer lifespan and environmental impacts of building and refurbishing the house and eventually the end of life of the house.įrom the perspective of the energy sector, 800m live in energy poverty. Take the example of architects building houses considering waste and repair from the start. Starting from the point that Circular Economy is about resources and materials and decreasing wastage and emissions in the product design phase is the approach we need the industry to apply. The response of a fund manager was that we find ourselves in the beginning phase of the transition and that we have instruments but we now need to add Circular Economy approaches to these instruments. Many instruments under the guise of Circular Economy relate to Sustainable Finance (i.e., Green Bonds) and are not specific to Circular Economy. Circular Enablers- Digitization has a huge role to play as moving to a Circular Economy requires data that can be used by governments and financial institutions.ĭelegates did discuss the broadness of the term Circular Economy and whether it was well defined.Circular Design-change the way products are produced.Sharing Economy- where products can be used more as a service (think share vehicles etc.). Here we see recycling but material loses value and does not retain it.
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