Circular economy finance: Clear winner or risky proposition?

Document Type

Article

Publication Date

12-1-2020

Abstract

A major shift in private and public investment is needed to forge a transition to a circular economy. A recent surge of activity from policy makers, the financial industry, and other stakeholders suggests commitment and progress toward providing resources to facilitate this process. In this forum article, we provide a measured, and in some respects critical and corrective, assessment of these developments. We highlight the riskthat progress toward a circular economy will be curtailed by strategic decisions based on contestable understanding, fuzzy indicators, and inadequate information. Before major industry actors implement international investment standards, launch innovative financing vehicles, and ramp up investment, we call for more effective oversight to prevent the circular economy from becoming yet another compromised and ultimately ineffectual sustainability concept.

Identifier

85087294697 (Scopus)

Publication Title

Journal of Industrial Ecology

External Full Text Location

https://doi.org/10.1111/jiec.13025

e-ISSN

15309290

ISSN

10881980

First Page

1192

Last Page

1200

Issue

6

Volume

24

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