Categories
Circular Economy Economics Policy

Circular Economy

Why now?

Thanks to my colleague and good friend, Gene Tunny, for recently inviting me onto his Economics Explored podcast to talk about the circular economy. Listen to the podcast here:

https://economics-explained.simplecast.com/episodes/the-circular-economy-with-craig-lawrence-kBzPMLCU

As we increasingly incorporate a lot of the environmental externalities into the incentive architecture of the market economy, opportunities to improve our stewardship of finite natural resources will improve. Not only do we have to do things better, the approach underlying the circular economy encourages us to do better things.

Categories
Circular Economy Economics Waste Management

Towards a Circular Economy

Linear economic systems are inherently unsustainable, creating intergenerational equity where markets for this are not readily available. Understanding waste management approaches and the role of critical raw materials is key to developing effective approaches that move us towards the circular economy. It was one of the reasons I recently completed a short course in these issues.