- Duration: 1 min
- Publication date: 26 Oct 2015
Abstract
Venue: Royal College of Surgeons, London, WC2A 3PE
Date: 12 November 2015
Time: 18:30-21:00
Find out more www.theiet.org/circular
Our current economy is predicated on a linear model. Taking resources from the ground, making them into products and disposing of them – this is hugely wasteful. In a world with a soaring population (10 billion people by 2050), resource scarcity will fast become a reality.
The circular economy model decouples growth from resource availability, through building in the ability to remanufacture or reuse products from the outset and designing the associated business models to do so. This is estimated by the Ellen McArthur Foundation to be worth $1 trillion to the world economy by 2025. It is thus no wonder that household names such as IBM, Phillips and Renault are taking this seriously.
How then do we support/shape this transition and what are the factors involved in developing successful circular economy propositions? As these factors are wide ranging we have brought together a world class panel of experts who can provide this broad perspective. Our panellists are drawn from a range of sectors including finance, business design and innovation. There will also be an opportunity to talk to the speakers after the event in a drinks reception sponsored by PA Consulting Group.
Animation is courtesy of the Ellen MacArthur Foundation.