In this episode of EconoFact Chats, the circular economy is discussed in detail. This concept focuses on the sharing, reusing, repairing and recycling of existing materials to minimize waste. While engineers, architects and sociologists have traditionally explored this topic, the role of economists in fostering an economy where little is wasted is examined.
Don Fullerton from the University of Illinois joins the show to explore these issues. With extensive experience in climate change and environmental economics, Don is well-equipped to delve into the intersections of these fields and their contribution towards a more sustainable economy.
As a lead author for an assessment report by the UN’s Intergovernmental Panel on Climate Change and director of the National Bureau of Economic Research’s Environmental Program, Don has provided valuable insights into how economic principles can be incorporated into discussions about the circular economy. By understanding the financial implications of waste reduction and resource reuse, economists can provide insights into how to shift towards a more sustainable economic model. This episode highlights the crucial role that economists can play in driving positive change towards a circular economy and reducing our environmental impact.
