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At the Crossroad: The Circular Economy Within the Broader Picture

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The Circular Economy

Part of the book series: Green Energy and Technology ((GREEN))

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Abstract

Although the CE has emerged as an important concept in current debates about sustainability and also in policy-making at the public sector and company levels, it has certainly not emerged from scrap. On the contrary, it builds on several previous approaches and, in turn, overlaps, contributes and interacts with them.

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Notes

  1. 1.

    This is also believed to be the case by other authors. For example, Franco ([48], p. 834) argues that the origins of the CE can be traced back to environmental economics, general systems theory, industrial ecology, as well as to models of regenerative design, performance economy, cradle-to-cradle design, biomimicry and the blue economy.

  2. 2.

    Three main market failures to clean technologies in the form of externalities have been considered in the literature: an environmental externality, an innovation externality (spillover effects in innovation) and a diffusion externality (which refers to initial investors not capturing the benefits of learning investments) [33].

  3. 3.

    For in-depth details of these approaches, see, respectively, Munasinghe and Shearer [102] and Neumayer [105] (constant-capital approach), Turner [134] (triangular approach) and Hinterberger et al. [64] (materials balance approach).

  4. 4.

    As mentioned by Ghisellini et al. [55, p. 25] “so far the promotion of the concept of CE in China and worldwide seems mainly based on the industrial ecology theoretical framework and pillars”.

  5. 5.

    Servitization refers to the use or the function of a product being sold instead of the product itself.

  6. 6.

    http://biomimicry.org/.

  7. 7.

    As argued by Horbach and Rammer [66, p. 2] “eco-innovation, however, covers a broader set of activities aiming at reducing the environmental impact of firms, including end-of-pipe technologies to reduce air pollution or noise emissions”.

  8. 8.

    For example, the author argues that “the circular economy is based on the idea of a closed loop, where materials and energy cycle through the system, rather than a linear economy, where waste is continually generated, creating problems of waste management and resource depletion. This is thought to reflect how the natural world operates. However, in reality, nature’s economy does not operate like this” [124, p. 482].

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Authors and Affiliations

  1. Institute of Public Goods and Policies, Consejo Superior de Investigaciones Científicas, Madrid, Spain

    Dr. Pablo del Río

  2. Fraunhofer Institute for Systems and Innovation Research, Karlsruhe, Germany

    Dr. Christoph P. Kiefer

  3. Department of Economics and Business Management, University of Alcalá, Madrid, Spain

    Dr. Javier Carrillo-Hermosilla

  4. Insight Foresight Institute, Madrid, Spain

    Dr. Totti Könnölä

Authors
  1. Dr. Pablo del Río
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  2. Dr. Christoph P. Kiefer
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  3. Dr. Javier Carrillo-Hermosilla
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  4. Dr. Totti Könnölä
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Correspondence to Pablo del Río .

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del Río, P., Kiefer, C.P., Carrillo-Hermosilla, J., Könnölä, T. (2021). At the Crossroad: The Circular Economy Within the Broader Picture. In: The Circular Economy. Green Energy and Technology. Springer, Cham. https://doi.org/10.1007/978-3-030-74792-3_2

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  • DOI: https://doi.org/10.1007/978-3-030-74792-3_2

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