The main objective of the article by Hower (2016) is to describe the difficulties that hinder a smooth transition to a circular economy. The key concepts we need to understand in the article are that a circular economy is valuable than a linear economy, public policies are needed to promote the emergence of a circular economy and controlling information flows will promote the growth of a circular economy.
By these ideas, the author means that a circular economy relies on waste products as its main raw materials compared to a linear economic model that relies on natural raw materials. In turn, a circular economy will create sustainable supply chains to deal with the current issues of resource availability and changing demographics. A circular economy also enhances creativity as it enables people to consider different ways of re-using used products and to think about developing lasting products, which increase revenues for companies.
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The importance and benefits of a circular economy, however, can be realized only if the main difficulties that hinder its achievement are handled. For example, regulatory policies hinder the rise of a circular economy because they do not offer incentives for circular economic behaviors. Cities can play a central role in shifting public policies towards a circular economy by their creativity and their desire to reduce production expenses to improve the standard of living.
Another hurdle is the absence of consumer education regarding the circular economy idea. Many consumers do not understand the circular economy paradigm even though most of them are already engaging in circular economic activities such as using energy efficient products and ensuring safe disposal of used electronic products for recycling.
By these ideas, the author means that public policies and consumer education are required to promote the growth of a circular economy.
Reference
Hower, M. (2016, February 16). 3 hurdles barring the track to a circular economy | GreenBiz. Retrieved June 3, 2018, from https://www.greenbiz.com/article/3-hurdles-barring-track- circular-economy&p=DevEx.LB.1,5534.1
