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From waste management to natural capital management in the circular economy

In: Handbook of the Circular Economy

Author

Listed:
  • Graham Aid
  • David Lazarevic

Abstract

The role of waste management (WM) has historically shifted in relation to factors such as the contemporary socio-technical context, societal challenges and priorities. The move toward a more circular economy (CE) is catalyzing a new trajectory that can have broad implications for WM; e.g. how the effectiveness of the sector is defined, how activities are prioritized and steered, and the portfolio of roles the sector will play. As such, alongside technical and business model innovation, established policy and principles for WM will need to be renewed if WM organizations are to be incentivized to more fully support the aims of the CE. This chapter explores some of the barriers identified by industry, including circulation costs and resource valuation issues. Subsequently, potential strategies for aligning the WM sector with the CE are suggested.

Suggested Citation

  • Graham Aid & David Lazarevic, 2020. "From waste management to natural capital management in the circular economy," Chapters, in: Miguel Brandão & David Lazarevic & Göran Finnveden (ed.), Handbook of the Circular Economy, chapter 21, pages 278-292, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:18519_21
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