Smart Cities

The Role of Buildings in a Smart City’s Circular Economy

“A growing and wealthier global population are straining the biocapacity of our planet. In the densely populated and prosperous Netherlands, for example, we consume more than three times what the Dutch ecosystem can produce, while globally we consume 1.7 times what the Earth can produce. The current rate of resource consumption is unsustainable, both for society and for the businesses that now depend on natural resource consumption,” reads an Oliver Wyman report on the circular economy. “A sustainable level of resource consumption can be achieved by moving away from the linear, take-make-dispose economic model and towards a circular economy based on the principle of reduce-reuse-recycle.” The concept behind the circular economy could be said to date back to ancient times. In the modern era, the circular economy was re-popularized in China in the 1990s in response to the rapid economic growth and severe natural resource limitations seen in the Asian nation more than any other large economy […]

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