A Global Circular Economy Scenario?

Global Circular Economy Scenario in a Multiregional Input–Output Framework

Author
Kirsten S. Wiebe
Marek Harsdorff
Guillermo Montt
Moana S. Simas
Richard Wood
Publication Date
May, 2019
Country
Other (Norway)
Language for original content
Scope
Kirsten S. Wiebe

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.