EconSearch Completed Project

Project: Quantify Potential Benefits of the Circular Economy to South Australia (2017)

Client: The Office of Green Industries SA

Collaborators: Lifecycle Strategies, Colby Industries and the University of Queensland

Summary: A Circular Economy is an alternative to the wasteful traditional ‘linear’ economy based on ‘take, make, use and dispose’. It's a self-sustaining system driven by renewable energy with an imperative to keep material resources in use, or ‘circulating’ for as long as possible. It extracts the maximum value from these resources while in use, then recovers and regenerates products and materials.

A truly Circular Economy is driven by renewable flows, rather than finite stocks. It depends on renewable energy sources, including wind, solar and bioenergy, rather than coal and other fossil fuels and materials from renewable sources.

The Office of Green Industries SA commissioned Lifecycle Strategies, in partnership with EconSearch, Colby Industries and the University of Queensland to quantify the potential benefits of a circular economy to South Australia, in terms of greenhouse gas emission reductions and jobs. A purpose-designed environmentally extended input output model was developed for the study.

Report: Click here to visit the website for more information or to download a copy of the reports