The circular economy could save life on Earth – starting with our cities Posted on January 27, 2021 (January 27, 2021) by Admin Futurarc Years2021 2020 2019 2018 2017 2016 FuturArc Webinar Series Survey FAQ FuturArc App Demo Video 30-day free access to FuturArc App CategoriesMain Feature City Profile Showcase Commentary Commentary, Online Exclusive Feature / 2021 The circular economy could save life on Earth – starting with our cities by Luis Bettencourt, Pritzker Director of Mansueto Institute for Urban Innovation, University of Chicago January 27, 2021 Imagine a world with no wastes, no pollution; where animals and plants on land and in the oceans prosper from the existence of humans as much as we do from the biology and geophysics of the Earth. Is this impossible? Or must life on Earth be a zero-sum game between humanity and other species? A new World Economic Forum report showcases many emerging models for making the economy more circular—especially in cities—and points the way forward for how to evolve current economic systems into a comprehensive logic of sustainability. Image: World Economic Forum The rub with the circular economy is that it does not exist today: it needs to be invented and grown. Fast; over the next few decades. The key is decoupling economic growth and human development from resource extraction and waste generation. “Bending” the economy from its present linear sequence of resource extraction, production, consumption and waste disposal to become circular and sustainable requires a much more thorough systems approach to goods and services. It requires a reconceptualisation of design and production, and the development of technologies and processes that can turn used finished goods back into inputs to production. These transformations squarely locate the birth of the circular economy in places where resources are most limited, and where living with the consequences of waste and pollution are direst. Imagining a more sustainable future The good news is that much of it is already happening. The report gives a number of inspiring examples from cities worldwide in areas of water, energy, plastics and waste management, as well as showcasing emerging novel concepts for procurement, finance and design. Cities throughout the world are already increasing their rates and targets for recycling, for example, and finding new uses for wastes arising from their built environment as well as from consumption. By formalising their sustainability goals, many cities are also increasingly internalising part of their resource flows, especially in water and high value-added food production, and removing carbon emissions and pollution from energy consumption. But there are still many barriers to making the economy comprehensively circular. Worldwide human development and urbanisation will likely be associated with more energy use, not less. The age of recycling everything The nature of the transition is systemic: it cannot be achieved by any single actor. For this reason, there is a need for collaborations between governments, the nonprofit sector, businesses and citizens. This is to achieve a favourable environment that encourages innovation aligned at once with more sustainable circular practices, as well as steady and equitable economic growth. As a consequence, the transition to a circular economy needs to be evolved gradually, with close attention to network effects and cooperation among many stakeholders. Cities are especially well placed to lead the way. The above is an excerpt; read the full article here. To read the complete article, get your hardcopy at our online shop/newsstands/major bookstores; subscribe to FuturArc or download the FuturArc App to read the issues. Previously Published Commentary, Online Exclusive Feature Commentary, Online Exclusive Feature / 2021 Demand for Green buildings in Malaysia—A Snapshot Commentary, Online Exclusive Feature2021 Demand for Green buildings in Malaysia—A Snapshot Commentary, Online Exclusive Feature / 2021 The Future of Offshore Wind in Asia Commentary, Online Exclusive Feature2021 The Future of Offshore Wind in Asia Commentary, Online Exclusive Feature / 2021 Is co-living the answer to urban housing unaffordability crisis in Asia? Commentary, Online Exclusive Feature2021 Is co-living the answer to urban housing unaffordability crisis in Asia? Commentary / 1st Quarter 2021 Water Becomes the New Crude and Other Things Commentary1st Quarter 2021 Water Becomes the New Crude and Other Things Commentary / 1st Quarter 2021 Steering Clear of Catastrophe: Solutions from the Built Environment Commentary1st Quarter 2021 Steering Clear of Catastrophe: Solutions from the Built Environment Commentary, Online Exclusive Feature / 2021 From ashes to Green concrete Commentary, Online Exclusive Feature2021 From ashes to Green concrete Contact us at https://www.futurarc.com/contact-us for older commentaries.