Circular Economy and its Relation to Theories

Ethics Sustainability
and Social Impact

Table of Contents
INTRODUCTION ..........................................................................................................................1
Analysis and discussion of the circular economy and relation to the theories from which it
emerged .................................................................................................................................1
Analysis and evaluation of the circular economy development in context to the selected city ,
along with the analysis CE barriers and opportunity..............................................................1
Recommendation and suggestions for the different companies, to support the development of
circular economy. ..................................................................................................................3
Report for commonwealth local government ministers meeting in context to make effective
recommendation for action.....................................................................................................4
CONCLUSION ...............................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Circular economy is developed by the different government organization’s in context to
the effective management and protection of economy. The main objective behind this concept is
saving of resources and environment protection (Zink, T. and Geyer, R., 2017). Basically
business organizations use raw material from natural resources and convert it into usable
products for the customers, but earlier this process was conducted in the linear form of economy.
Under which organization just use raw material then produce specific products sale it to the
consumer and then waste of that disposed by the customers in the form of garbage. Due to this
process environment is facing huge problem suggest the overuse of resources, pollution of the
environment. Because natural resources or not present in immense amount due to which future
population will face huge resources deficiency problem. In Another hand waste of plastic and
other non-biodegradable waste are contributing to the higher environmental pollution. So that for
preventing this harmful effect of business organizations, government developed the plan and
model circular economy (Rajput, S. and Singh, S.P., 2019). Which involves free major step
make, use and recycle. In this report brief analysis and study e of circular economy is going to be
done, along with the study different theories from which this model is emerged. London as one
of the city which is performing under the commonwealth county, in context to which analysis of
the circular economy barriers and opportunity factors are going to be evaluate. Then effective
analysis of local and international and government companies is going to be done in context to
the recommendation that what these company can do to support the development of circular
economy within selected City. Done a final report for the local government commonwealth
minister meeting all going to be developed in context to the recommendation for action.
Analysis and discussion of the circular economy and relation to the theories from which it
emerged
Definition- circular economy is the effective economy management approach, which
involves best and more efficient framework or structure of economic system management. Main
objective of this model eliminating continuous use of resources and waste, by the
implementation of circular production and conception structure which involves the recycling of
renewable waste material and help to save the resources and environment from pollution.
Theoretical analysis of circular economy
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This is a systematic approach designed to benefit environment, society and businesses,
this model is opposite of the take-make-waste, linear model. Circular model regenerative due to
its effective design, which helps in the effective use and reuse of finite resource. In order to
clearly understand the concept of circular economy model, there is need of study in context to the
linear model too (Urbinati, A., 2017).
Linear economy model is traditionally take-make-waste dispose. Which involves step by
step plan, under which raw material collected for the purpose of product development and then
project is used by the consumer until they are finally discarded as a waste material. Basically in
this model the main concept is development of the value in the economy system by producing
multiple varieties of products and selling that as much as possible (Geissdoerfer, M., and et. al.,
2018). This linear economical model has been using by the humans from long time, but due to
the harmful impact of the linear economy, such the continuous conception of resources and
involvement pollution by the product waste. Various government organization concern about the
finite resources management and polishing control due to which they have developed circular
economy which helps effective use of resources and pollution control. So this circular economy
result of a change from simple mitigation model to absolute value creation model, which is
socially, economically and environment ally positive, this model facilitate the right way or
method of the resources use and help in the reduction of adverse environmental impact. This
economy model is developed by the United nation environment programme. United nations are
the combine multinational government UN member’s organization which involves a
responsibility for coordinating response two environmental issues within the United Nations
system. Linear economy is change buy circular economy due to the two major questions which
arise in context to the linear economy. That is, is there is infinite resources, is the project waste
material is safe or beneficial for environment, answer of these question is no. Resources are finite
and they can be produce within the time and project waste are very harmful for the environment.
So in context to these issues some members of the United nation suggested to change linear
economy structure into the circular economic structure.
Key elements of circular economy
Circular economy model is involving different guidelines and criteria to produce
effective projects from resources, such as according to this model product should be design with
the capability of durability and recyclability (Merli, R., Preziosi, M. and Acampora, A., 2018).
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