Circular Economy

Deutz, Pauline

Abstract

A circular economy is an economic system designed with the intention that maximum use is extracted from resources and minimum waste is generated for disposal. Although some circular economy practices are already well established in some places (chiefly in more developed countries), most definitions relate to what authors would like to see, rather than what exists. Multiple interrelated concepts such as loop closing, ecodesign, industrial ecology, industrial symbiosis, life cycle analysis, and the performance economy have contributed to the concept of a circular economy. Many strategies for loop closing, or keeping materials in productive use, have been identified. These present different opportunities for commercializing circular economy approaches. Nonetheless, a strong policy direction is likely needed for effective implementation. Although seen as a route to implementation of sustainable development, the achievement and distribution of social benefits from a circular economy is at present highly uncertain.

Citation

Deutz, P. (2020). Circular Economy. In A. Kobayashi (Ed.), International Encyclopedia of Human Geography (193-201). (2nd ed.). Amsterdam: Elsevier. https://doi.org/10.1016/B978-0-08-102295-5.10630-4

• Online Publication Date: Dec 4, 2019
• Publication Date: Jan 1, 2020
• Deposit Date: Apr 8, 2024
• Publisher: Elsevier
• Pages: 193-201
• Edition: 2nd ed.
• Book Title: International Encyclopedia of Human Geography
• ISBN: 9780081022955
• DOI: https://doi.org/10.1016/B978-0-08-102295-5.10630-4
• Public URL: https://hull-repository.worktribe.com/output/4165150