Circular Economy and Broad Prosperity: Can sustainability go hand-in-hand with well-being?
This article is prepared by Asel Doranova, Tilburg University In recent years, the concept of a circular economy (CE) has moved to the forefront of policy, academic, and business discussions. Touted as a transformative pathway to sustainability, Circular Economy challenges the traditional “take-make-dispose” model by promoting practices that keep resources
The material and carbon footprint of machinery capital: A dual role in climate change
This article is prepared by Meng Jiang from NTNU based on the joint work with Edgar Hertwich and colleagues. Our world is increasingly mechanized, with machinery and equipment being integral to both industrial processes and our daily lives. From agricultural machines to advanced technology like graphics processors and renewable energy tools like solar panels, machin
Seminar series on Sustainable Development Beyond Green Growth
We know that a ‘greening’ of current economic practices will not suffice to achieve global sustainability targets, such as limiting global warming to well below 2°C and eradicate poverty. A growing body of literature shows that we need to transform not only our energy system and decarbonise industry, but have to rethink our entire economic […]
Macroeconomics and physical consistency
In this article Etienne Lorang and Reyer Gerlagh from Tilburg University explain how macroeconomic models, namely the “Computable General Equilibrium” (CGE) model are been deployed to understand better the circular economy possibilities. While the economy seems sometimes an abstract entity, it requires substantial material processing. Along with economic gro