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A circular economy (also referred to as circularity or CE) [1] is a model of resource production and consumption in any economy that involves sharing, leasing, reusing, repairing, refurbishing, and recycling existing materials and products for as long as possible.
The Roadmap represents a comprehensive and multidisciplinary effort to clarify and frame the concept of "green economy". It highlights the role of business in bringing solutions to global challenges. It sets out the following 10 conditions which relate to business/intra-industry and collaborative action for a transition towards a green economy:
Through the use of green trading and green finance, eco-commerce promotes the further development of "clean technologies" such as wind power, solar power, biomass, and hydropower. EcoCommerce is an integrated ecological-economical model that provides a means to account for and value land management activities that improves the condition of ...
Green industrial policy (GIP) is strategic government policy that attempts to accelerate the development and growth of green industries to transition towards a low-carbon economy. [1] [2] Green industrial policy is necessary because green industries such as renewable energy and low-carbon public transportation infrastructure face high costs and ...
The circular economy promotes recycling, reuse, and reduced reliance on non-renewable resources. Governments and organizations globally are supporting bio-based solutions that align with this model. Recycling bio-emulsion polymers reduces reliance on virgin materials and minimizes the environmental footprint, driving industry growth.
Green Growth Knowledge Platform: In January 2012, the Global Green Growth Institute, Organisation for Economic Co-operation and Development (OECD), United Nations Environment Programme (UNEP), and World Bank signed a Memorandum of Understanding to formally launch the Green Growth Knowledge Platform (GGKP). [40]
A Sustainable industry would allow for growth in all three deminsions while maintaining the quality of the environment and countering major environmental issues. A report was released in 1987 by the United Nations called Our Common Future in which the concept of sustainable development was listed for the first time along with its guiding ...
Industrial ecology (IE) is the study of material and energy flows through industrial systems. The global industrial economy can be modelled as a network of industrial processes that extract resources from the Earth and transform those resources into by-products, products and services which can be bought and sold to meet the needs of humanity.