“In response to the resource constraints, environmental pressures and economic barriers that characterize our take and dispose economy, many have put forward a vision for a circular economy that would not only conserve and recycle materials, but also contribute to new technological, financial and environmental innovations. As the circular economy approach gains traction with noteworthy advances in the EU, China and the US it is becoming increasingly clear that adjustments to our system of regulatory and commercial law will be needed to further progress towards a circular economy. This session acknowledges that the circular economy is not just another buzzword or slogan, but instead is a serious approach to supplant the way global production and energy systems operate. For lawyers and their clients, this represents a new and important thought construct that will lead to legal frameworks better adapted to the 21st century.
Ira Feldman opening the ELI-ABA Circular Economy event, February 2015