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A circular economy (also referred to as circularity or CE) [1] is a model of resource production and consumption in any economy that involves sharing, leasing, reusing, repairing, refurbishing, and recycling existing materials and products for as long as possible.
Including the cost of water and electricity to run a washing machine, and assuming a child will be out of diapers by age 2-1/2, cloth diapers can range in cost from an average of 6 cents per ...
The term differs slightly from Total cost of ownership analysis (TCOA). LCCA determines the most cost-effective option to purchase, run, sustain or dispose of an object or process, and TCOA is used by managers or buyers to analyze and determine the direct and indirect cost of an item. [1] The term is used in the study of Industrial ecology (IE ...
A single baby produces 8 to 10 dirty diapers in just one day — over 2,200 in the first year of life — . and more than 3.6 million babies were born in the U.S. in 2021. The math quickly becomes ...
The eco-costs of a product are the sum of all eco-costs of emissions and use of resources during the life cycle "from cradle to cradle". The widely accepted method to make such a calculation is called life cycle assessment (LCA), which is basically a mass and energy balance, defined in the ISO 14040, and the ISO 14044 (for the building industry ...
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The C2C concept ignores the use phase of a product. According to variants of life-cycle assessment (see: Life-cycle assessment § Variants) the entire life cycle of a product or service has to be evaluated, not only the material itself. For many goods e.g. in transport, the use phase has the most influence on the environmental footprint.
According to the WBCSD definition, eco-efficiency is achieved through the delivery of "competitively priced goods and services that satisfy human needs and bring quality of life while progressively reducing environmental impacts of goods and resource intensity throughout the entire life-cycle to a level at least in line with the Earth's estimated carrying capacity". [6]
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