Current status of circular economy promotion in other countries.
Circular economy is applied worldwide to develop innovative business mode and creating added-value. In addition to resource recycling and resource reengineering at the manufacturing end of the production system, various concepts and business models related to circular economy include the extended produce cycle at the commercial end of consumer system and Performance Economy (i.e. sale of service instead of product); even the sharing platform have recently become popular in the world, and become the mainstream trend of traditional enterprise transformation and added value creation.
European Commission implements the “EU Action Plan for the Circular Economy” to introduce the spirit of circular economy to industry, and realize it in industrial end through multiple action plans to create business opportunities. In 2016, EU proposed the regulation of fertilizers made from recycled materials (in which the chemical ingredients can be obtained from organic household waste, and encouraged to get certification for free circulation). In 2016, EU established the food and waste platform in order to achieve the goal of halving the per capita waste, and also safely use food nutrients as animal feed. In 2017, EU also established the Circular Economy Finance Support Platform to strengthen financial investors’ understanding of circular economy business operation system and willingness to invest to support the funding of various startup plans.
In Europe’s private sector, there are also numerous companies that are developing with the idea of circular economy. For example, Desso a company made carpet from regenerated material embraces the idea of Cradle to Cradle; Phillip introduced the service contract of selling lighting performance instead of lighting products; Faiphone launched the fair-trade phone with component that can be upgraded or replaced individually; British Sugar uses beet pulp to produce feed and bio-alcohol to generate electricity; and Brazilian company AHLMA uses recycled fiber to make fashion clothing. These circular economy related commercial models are often revolutionary and experimental in nature, and often operate as large enterprise demonstration projects, start-up projects, youth entrepreneurship or social enterprises.
Major Strategic Practices for the Development of Circular Economy in Countries Around the World