Module 11: Circular Economy
Have you heard of Circular Economy? It's a part of an innovation model created to close the loop and eliminate waste. Let's dig deeper to get a brief understanding on this topic.
Overview
In this module you will learn about circular economy and various related concepts such as the difference between linear and circular economy, material circularity. The module also gives a brief about circular design, butterfly diagrams and circular business models.
What you will learn:
- What is Circular Economy?
- Difference between linear and circular economy.
- What is material circularity?
- What is meant by circular designs and circular business models?
Circular Economy, Economics, Environment , Recycling , Recovery , Material circularity
Topics
1. Linear vs circular economy
The current linear economic model of buy, use and discard is a Linear model which has a negative impact on the environment .Therefore, the focus is now shifting to a circular model where the material can be used at its best.
2. Circular Economy Model
This is an innovation model created to eliminate waste. In this part we will take a closer look on how to close the loop.
3. Material Circularity
A brief about how materials and resources can be best utilized!
4. Circular Designs and Innovation
How to incorporate a radical, regenerative, restorative approach to a business?
5. Circular Business Models
Circular solutions, practices and business models will become the mainstream out of necessity. Let's learn some of the basics to develop such model.