A Global Circular Economy Scenario?
In a resource-constrained world the future economy will need to be circular.
From a policy perspective, the question is whether averting catastrophic environmental impacts through an accelerated transition to a global circular economy can also deliver sustained growth and jobs.
Multiregional input−output (MRIO) analysis models the interdependencies between industries and within/between countries as well as between intermediate and final goods producers and consumers, thus providing a useful toolbox for assessing social, environmental, and economy-wide impacts of the adoption of the circular economy.
This research paper resorts to this toolbox to compare the business-as-usual (BAU) scenario to an alternative circular economy scenario.