The transition to a circular economy will need a systemic approach involving various stakeholders. Businesses must develop circular business models and enabling technologies; policymakers and legislators at the EU and national levels must put in place effective regulations and incentives (see Annex 3); the financial sector must improve the availability of financing and revisit its approach to appraising linear and circular risks (see Chapter 6); and public authorities and civil society as a whole must increase public awareness and help educated consumers.
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As commodity prices increase, so will the demand for innovations that increase resource efficiency. Therefore, many businesses are likely to wait until high commodity prices create the business case for the transition to a circular economy.
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companies’ supply chains and related risk management and mitigation.
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Group 4 - Circular support
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Group 1 - Circular design and production models
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new risk assessment and financing approaches
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: (a) the design and manufacturing phase; (b) the use phase; and (c) the value recovery phase.
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resource management or reverse logistics partners
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Avoided costs and new revenue streams
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business opportunities:
• De-risk/hedge future commodity supply uncertainty and price volatility: The circular economy offers the means to increase resilience and hedge risks related to uncertain future commodity supply and price volatilit