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Transcript of Tevi CE Summit 2019 Nancarrow Final final...r, u v D µ o U Z ] u v } ( Z ' o } o Z } ] v P / v ] ]...
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Circularity – Why circular economy is important for Cornwall?
Prof. Peter HopkinsonDirector of the University Exeter Centre for Circular Economy
Circular Economy Summit 2019Grow Your Business Through Collaboration
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The idea of a circular economy
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Beyond recycling
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• Design out waste and pollution
• Keep products and materials in use
• Regenerate natural systems
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Economic Context: What we observe▪ Material prices increasing
▪ Material price volatility increased and high risk
▪ Critical materials with– Low recapture/recycling rates, few
substitutes
▪ Economic systems perspective with (too) narrow scope and skewed incentives
▪ Evidence of exceeding planetary boundaries
Price
Volatility
Scarcity
Economic context
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Circular Economy as Local Industrial Policy• Circular Charlotte: Towards a Zero Waste
and Inclusive City, found the North Carolina city’s 900,000 tons of annual waste represent a residual value of roughly $111 million per year. By simply adopting a comprehensive waste diversion strategy, Charlotte could create more than 2,000 jobs by harnessing material instead of dumping it into ever-growing landfills &$2.3 billion in revenue by 2040.
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Circular Economy as Place based Local Industrial Policy
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Using regional assets, material flows and local pride and entrepreneurship towards policies
that drive a restorative and circular development model that empowers
organizations and communities to do well by doing good – to generate economic prosperity
through closed-loop and circular resource management, ecosystem restoration, and social
enrichment.
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Challenges• Need for overarching vision, ambition, leadership
and funding • Disconnect between current assets, infrastructure,
material flows and other areas of policy e.g. social –education- health policies
• Huge amount of local and regional initiatives - needs joining up and integrating – show the business case
• But….
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-Herman Mulder, Chairman of the Global Reporting Initiative