Where lies the secret of the circular economy?


Where lies the secret of the circular economy?


Illustrations by Alexandre Magnin

Here you have the opportunity to get acquainted with the Western Balkan Circular and Climate Innovation Beacons project, which is a piece of the puzzle that deals directly with the Circular Economy. This project connects the countries of the Western Balkans (Romania, Bulgaria, Greece, Serbia) with additional partners which are sharing knowledge with us (Germany and Spain). We are united in order to achieve the goal of implementing a circular economy and create a collaborative network between all partners. The aim of this project is to implement an innovative business circular economy in each country. To break through all barriers and accelerate the process of transition from a linear way of thinking and doing business, to a circular one, through innovation.

It is important to emphasize the basis of cooperation between partners, which is permeated by the sharing of knowledge, values, information, resources, experience, and expertise in the field of the circular economy.

What do we want to achieve?

Build a unique eco-system for circular, climate-related innovation that catalyzes system transitions from experiment through collaboration to implementation.
The need to build eco-systems has emerged as a solution for reducing the risk and negative impact on market demands and to raise the potential and activate regional circular niche solutions.

Two topics that we want to introduce to you are:

Understanding the circular economy at the system level for business development was a leading topic on the last webinar. Circular economy as an economic ecologic system is waste-free and resilient by design, where products and services are traded in closed loops. It is a model that puts together concepts like reconditioning, remanufacturing, reuse, co-use, emotional durability, disassembly, recycling, composting, and others. The circular economy is an answer to the future lack of resources, and it aims primarily to create added value, competitiveness, autonomy, and resilience. Crucial thing is to minimize losses with a cycle system that will use waste as input and help us not to lose the value of any product as long as possible. This can be achieved by continually recirculating and revaluating assets in order to limit the acquisition of external resources. Using eco-design for products, services, processes, and business models, acting efficiently, as well as capturing and reintegrating the value back into the systems together with the partners.

System approaches are very important to businesses and communities because they generate wealth and sustainability, open new opportunities and markets, facilitate partnerships, strengthen customer relationships and create strong brands. This is a great way to improve your business with the help of system and life-cycle thinking.

The second topic and also the theme of the next webinar is the Importance of the interplay between energy and a circular economy.
Addressing climate change and changing the energy system are the core challenges for companies, society, and the environment to move towards a sustainable future. Reducing energy emissions through circular and renewable systems is the topic of this webinar and a call to action. The rate of decarbonization in the energy sector will affect our ability to limit global temperature rise below 2°C. This is where the circular economy comes into play.

If you are interested in this topic and many more JOIN US on the 23rd of September and be part of our webinar.

If you are interested in the implementation of the circular economy, contact us at circular-beacons.net and join us as an innovative circular doer.

We are carefully supporting you through systemic, circular transition times.
Let the measure of success be long-term quality.

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