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The Circular Flywheel: Green finance, building on success and strategic vision




A circular economy is a viable pathway to decoupling economic growth from resource use, achieving the Sustainable Development Goals, and reaching climate neutrality.  A road map is a foundation for guiding the implementation of a circular economy at a local, regional, and national level. It is instrumental to circular economy implementation as it provides a clear, systematic, and detailed step-by-step approach. The chapter will render the importance of developing a roadmap to guide the circular economy shared vision implementation. The learner will also appreciate the elements forming the basic structure of roadmaps and can assess those elements that differentiate a linear-based roadmap vis-a-vis a circular-based roadmap. 

The chapter covers an overview of a roadmap, and its importance, while particular emphasis is placed on applying roadmap development in terms of project implementation across various fields and specifically for circular economy implementation. The chapter also highlights the mitigation of miscommunication and will provide you with a clear understanding of green financing and strategy to diminish risks across a project lifespan. 

The comparison between the linear and circular economy helps underline the need to effectively design and structure the circular economy roadmap to maximize implementation efficiency. The chapter provides guidance on the differences in developing a roadmap and implementing a circular economy in cities, SMEs, major enterprises, and in both the private and public sectors. The learner will expand their perspective and gain the specific knowledge to develop a circular economy roadmap for various contexts. 

The overview includes a breakdown of specific tools that will help you through your circular economy roadmap development process and detailed and sequential implementation components for identifying requirements and resources, identifying and engaging key stakeholders, identifying the situational picture, developing a vision and long-term goals, focus areas, plans and actions, compiling and publishing, execution and implementation, and how to evaluate and revise your circular economy roadmap. 

Last, the learner will be exposed to an initial level of thinking that would allow creative approaches for existing practices. There is no one size fits all to a roadmap, let alone a circular roadmap; however, some fundamental principles should infiltrate the mindset of any project developer, project promoter, or project evaluator. Such principles will enable small bites of incremental disruption to the linear habits and accelerate the transition to the circular economy whether the implementation happens at a micro level, a project, or an entity, or a macro level, a set of projects or a cluster of entities. 


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