Thanks to sponsor Arup for providing the following article on realising the full potential of circular economy.
Arup are absolutely committed to the transition to a circular economy.
In the following video Richard Boyd, Senior Engineer at Arup, states that while the ideas behind a circular economy have, in different forms, been around since the 1970s, it is only now that we are beginning to understand and are able to realise their full economic, environmental and social potential.
The concept can be traced back to the work of architect Walter R. Stahel and academic Genevieve Reday-Mulvey, who produced a report in 1976 titled “Jobs for Tomorrow, the potential for substituting manpower for energy.” This report laid the intellectual groundwork for a circular economy.
Richard asks, why has the term now become such a buzzword? The ‘why?’ is easy; work by McKinsey predicts that adopting a circular economy approach could add €0.6 trillion to the EU’s economy by 2030. The key question is, how do we capture this value opportunity?
Despite being developed by architects, much of the work to date on circular economy has focused on transport, food and industrial design. Yet in the built environment, we face some big material challenges. Just two materials, cement and steel used for construction, account for over 10% of global CO2 emissions.
Richard shares his thinking on how we can use the idea of a circular economy as a tool to deliver an industry that works within planetary boundaries.
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