Welcome
This WIKI documentation provides an overview of the Circular Economy Stylized Models developed by the partners of the CIRCOMOD project. It provides a brief description of the models, their Circular Economy features and their significance in climate mitigation. It also provides external links for further reading. This documentation supports the analytical framework of the CIRCOMOD project and stands for the deliverable 1.2 of the project.
The Circular Economy and Climate Mitigation
The Circular Economy aims at redefining the traditional linear economy of "take-make-dispose" into a closed-loop system where waste is minimized and resources are kept in use for as long as possible. It involves redesigning products, processes, and business models to prioritize sustainability, with a focus on reducing waste, increasing efficiency, and creating value from waste materials.
The Circular Economy can play an important role in climate change mitigation by helping in the reduction of greenhouse gas emissions. By reducing waste, reusing products, and recycling materials, it reduces the need for extracting raw materials and producing new goods, which in turn reduces energy consumption and associated emissions. Additionally, the Circular Economy encourages the use of renewable energy and the development of new low-carbon technologies.
The Circular Economy provides a framework for achieving sustainable development and reducing our impact on the environment. For this reason, it is important to represent Circular Economy in climate mitigation models that primarily lack this feature. CIRCOMOD is developing Circular Economy stylized models to support and inform this effort.
Model Gallery
- A multi-agent economic model (CIRCEE), developed by the RFF-CMCC European Institute on Economics and the Environment.
- A material-enabled version of the DICE growth model, developed by the University of Utrecht.
- A building-focused industrial ecology model, developed by CML.
- A material flow consistent CGE model, developed by the University of Tilburg.
- A stylized industrial ecological model (Styl-IE), developed by the University of Freiburg.
R words coverage
R words coverage (Refuse, Rethink, Reduce, Reuse, Repair, Refurbish, Remanufacture, Repurpose, Recycle, and Recover) and their role in defining the core principles of CE
Model comparison
The five models offer a diversity of tools and approaches to explore the implication of the circular economy in the context of the decarbonization of our economies. This table compares the main characteristics of the models: geographical scope, sectors represented, the type of modelling, the platform used and the current status of development (in date of September 2023).
| Model | Geographical scope | Sectors | Model type | Platform | Status |
|---|---|---|---|---|---|
| CIRCEE | National | Energy, industries, government, households | dynamic optimisation | dynare on julia or matlab | in progress |
| DICE-MAT | Global | Macroeconmy | dynamic optimization | python | in progress |
| IEBUILDING | National | building sector | static | excel | completed |
| MATCGE | one region | intermediary production sectors, government, households | dynamic recursive | python | in progress |
| Styl-IE | one region, one sector, one material | energy, production | static | javascript | in progress |
