Circular Economy Models & Green Finance

These flashcards cover key concepts related to circular economies and green finance, including models, frameworks, and case studies to aid in exam preparation.

Circular Economy

An economic model focused on reusing resources, minimizing waste, and promoting sustainability.

Linear Economy

A traditional economic model characterized by a 'Take, Make, Dispose' approach.

Circular Economy Model

A system that emphasizes reducing, reusing, recycling, and regenerating to enhance sustainability.

Butterfly Diagram

A framework illustrating two material cycles: biological and technical, highlighting the importance of keeping materials in tight loops.

Cradle to Cradle

Design approach aiming for all materials to be either biological or technical nutrients, facilitating perpetual circulation.

Industrial Symbiosis

A system where one firm's waste serves as another firm's input, enhancing resource efficiency.

9R Framework

A hierarchy of strategies in circular economy: Refuse, Rethink, Reduce, Reuse, Repair, Refurbish, Remanufacture, Repurpose, Recycle, Recover.

Doughnut Economics

A model that establishes a safe and just space between social needs and ecological limits.

Product-as-a-Service (PaaS)

A business model where customers pay for the usage of a product rather than owning it.

Circular Supply Chain

A supply chain model that uses recycled or bio-based inputs and is designed for disassembly.

Resource Recovery

The process of extracting value from waste through recycling or upcycling.

Key Reporting Standards

Policies and guidelines that guide organizations in reporting their sustainability and circular economy efforts.

Green Bond Principles

Voluntary guidelines that help ensure the integrity of green bonds by providing transparency in project evaluation and reporting.

India’s Green Finance Architecture

Framework that includes green deposits, sovereign green bonds, and various regulations aimed at enhancing climate finance.

Philips 'Light as a Service' Case Study

A circular business model resulting in significant energy reduction and material recovery, funded by green bonds.

Kalundborg Eco-Park

An industrial symbiosis case study in Denmark that demonstrates successful by-product exchanges, resulting in substantial CO₂ savings.