Video: The Economic Benefits of Circular Business Models, talk given 11/21/2013
Jamie Butterworth, CEO of Ellen MacArthur Foundation, does a great job at SB 2013 in London of explaining why the need for the circular economy has risen so fast recently. Find the source of McKinsey graphic in here. Also, the slides are available.
Global commodity prices, subset, shows average price of these (index). 1900 to 2000 price declines as we got better at extracting and processing those materials. After 2002 In ten years, century of price declines erased in a decade. Volatile 3 b middle class consumers join the economy.
1. Based on the arithmetic average of four commodity sub-indexes: food, non-food agricultural items, metals and energy
2. Data for 2013 are calculated based on the average of the first three months of 2013.
Source: (not entirely clear) Grill and Yang; Ptaffenzeller; World Bank, International Monetary Fund; Organization for Economic Cooperation and Development (OECD) statistics; Food and Agriculture Organization of the United Nations (FAO): UN Comtrade, Ellen MacArthur Foundation; McKinsey Global Institute Analysis