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The Circular Economy
Report

The Circular Economy

Barriers and Opportunities for SMEs

CEPS, 2015

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Editorial Rating

7

Qualities

  • Scientific
  • Well Structured
  • Concrete Examples

Recommendation

Add the term “circular economy” to the argot describing sustainable business strategies. It refers to green practices that reduce waste and minimize industry’s ecological toll. This report from the Centre for European Policy Studies lays out how small and medium-sized businesses can go green, and it offers examples of firms that have earned their circular economy bona fides. Readers will find the case studies the most intriguing part of this otherwise dry, technical work. getAbstract suggests it to managers, entrepreneurs and policy makers involved in sustainability.

Take-Aways

  • The “circular economy” refers to making business processes sustainable through recycling. It differs from the “linear economy,” in which companies use materials and then dispose of them.
  • A study of a subset of European manufacturers estimated that circular practices in those sectors could save them up to 23% of what they spend annually on inputs.
  • Circular methods could cut the demand for raw materials, reduce commodity price volatility and spark job creation.

About the Authors

Vasileios Rizos and Arno Behrens are researchers at the Centre for European Policy Studies. Terri Kafyeke and Martin Hirschnitz-Garbers work at the Ecologic Institute, an environmental think tank. Anastasia Ioannou is a researcher at the University of Piraeus Research Center.


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