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Module 4: Circular Business Models, Barriers & Enablers for Circular Economy
Plastics Circular Economy E-learning Course
About this module
In transition towards a circular economy we must ensure that it is a transition towards a sustainable society in which progress is made consistent with the world’s finite resources and the circular characteristics of the natural systems. In this module titled "Circular Business Models. Barriers & Enablers for Circular Economy" we are aiming to answer the question: How might we build a loop system that minimizes matter, energy-flow and environmental deterioration without impeding social and technical progress?
Business activities are the core of social and technical progress and therefore it is of crucial importance to understand what business owners and policy makers need to do and how they can bring about a circular economy in a smooth way.
In this module you will learn about how circular business models are different from traditional ones and what are the mechanisms by which business models can help the adoption of circularity in an economically feasible way.
Duration
25 min
Learning Objective
- - Understand what distinguishes Sustainable and Circular Business models from other business models.
- Define the mechanisms by which business model innovation can help the adoption of circularity in an economically feasible way.
- Be able to identify the drivers and barriers for Circular Economy in organisations.
- Will know what effective policy measures can be implemented to remove barriers and to support driver for implementation of Circular Economy in business.
Q&A
- 1. What is the most desirable source of plastic raw materials in CE model?
a. Crops
b. Secondary raw materials
c. Natural Gas
d. Crude Oil
2. What are the key elements and mechanisms needed to transform current business practices into circular business models in economically feasible way?
a. Appropriate and coherent policy, behavioural and educational action.
b. All the answers are correct.
c. Innovation of business models in conjunction with technological and social innovation.
d. Collaboration between government, companies and citizens.
3. What are the reasons there is only a small percentage of businesses today that implement circular economy practices?
a. Internal barriers such as individual values, attitudes and lack of information.
b. External barriers such as unfavourable "rules of the games" (i.e. policies), market conditions, economic climate and value network conditions.
c. All the answers are correct.
d. Companies have small budgets for Circular Economy.
e. Internal barriers such as company strategy, management systems and technological barriers.
4. What would be effective policy interventions to enable implementation of circular economy practices in business and society?
a. Policies that allow transboundary movement of waste to other countries.
b. Policies primarily focused on the consumption phase, such as bans are effective policy interventions.conditions, economic climate and value network conditions.
c. Well-coordinated policies that internalise negative externalities, such as taxation at source of production and distribution of polluting and toxic products, EPR, etc); policies that create enabling environment for research and innovation and coordinated action towards education and behavioural change
5. What differentiates effective policies from ineffective ones?
a. Aligned and consistent policies (in content and scope) across jurisdictions.
b. Create favourable market conditions, through economic incentives mechanism.
c. Holistic, actively engaging with all stakeholders.
d. Directed to educate and nudge behavioural change.
e. All the answers are correct.
Instructor
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Anna ITKIN
Managing Partner
The Inceptery Pte Ltd
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