Circular economy

What is a circular economy?

The Ellen MacArthur Foundation defines the circular economy in these terms: “Looking beyond the current “take, make and dispose” extractive industrial model, the circular economy is restorative and regenerative by design. Relying on system-wide innovation, it aims to redefine products and services to design waste out, while minimising negative impacts. Underpinned by a transition to renewable energy sources, the circular model builds economic, natural and social capital”.

Circular economy. What it is?

A circular economy is one that exchanges the typical cycle of make, use, dispose in favour of as much re-use and recycling as possible. The longer materials and resources are in use, the more value is extracted from them. This could contribute toward reducing world’s dependence on critical materials such as gallium, fluorspar or cobalt , but also reduce overall demand by recovering the nutrients, resources or energy contained in products at the end of their useful life.

Extending the life of materials and products prevents the over-generation of waste and recovers the full value of products. This would create new business opportunities and revenue streams, while decrease the environmental impact, resource extraction, refining and manufacture.

What can Europe do?

Main measures

Moving towards a more circular economic model is one of the pillars of the EU 2020 strategy. The European Union proposes to define a headline target of material productivity, a measure of the amount of value generated per unit of raw materials or products. Based on GDP relative to raw material consumption, this would be set at 30% by 2030. The package also includes a legislative proposal to review waste targets which includes targets for 70% recycling of municipal waste, 80% recycling of packaging waste and bans on any landfilling of recyclable goods.

Other measures

Other measures would boost innovation in resource efficiency, and tackle material intensive sectors, such as construction, with measures to improve the material efficiency of buildings through a harmonised framework for life-cycle assessment of buildings and promotion of secondary markets for construction materials.

From the UK, the Environmental Audit Committee’s report on “ending the throwaway society” calls for an ambitious strategy to lay down the right conditions to transition to a more circular economy.

The committee’s proposals are more radical, suggesting lower VAT for recycled products and repair services to encourage innovation, new markets and better eco-design of products. The report also calls for a recycling regime that would improve on the limitations of the current system of many different local schemes.

Bitcoin

Everything you need to know about bitcoin

Bitcoin was created in 2009 by an unknown person using the name Satoshi Nakamoto. The key is that transactions are made with no middle men. These coins can be used to buy books on Amazon, shop for furniture on a shop online and buy Xbox games. But much of the hype is about getting rich by trading it.

 

Why Bitcoin?

 

It can be used to buy merchandise anonymously. In addition, international payments are cheap and easy because are not subject to regulation or tied to any country. Small businesses may like them because they don’t have to pay card fees. There are people who buy bitcoins as an investment because they hope that they’ll go up in value.

 

What are the advantages of paying?

 

Bitcoin has, as we can see previous section, a lot of advantatges.

 

Anonymity

 

Bitcoin purchases are absolutely discrete. If the user doesn´t publishes his Bitcoin transactions, his purchases will never been associated with him . In fact, the anonymous Bitcoin address that is generated for user purchases is different in each transaction.

 

No Third-party Interruptions

 

One of the more famous benefits is that Banks, governments and other financial intermediaries can’t  interrupt user transactions or place freezes on Bitcoin accounts. It is a pure peer-to-peer system.

 

No taxes

 

One of the most important advantages is that sales taxes are not added onto any purchases because it is anonymous.

 

Low Transaction Fee

 

Foreign purchases and standard transfers  typically involve exchange costs and fees. But in this transactions have no intermediary institutions or government involvement and the costs of transacting are kept very low.

 

What are the disavantatges?

 

Bitcoins Are Not Widely Accepted

 

Nowadays are only accepted by a very small group of online shops and markets.

 

Wallets Can Be Lost

 

If you lost your Bitcoin there is nothing that can done to recover it because there will be forever orphaned in the system.

 

Bitcoin Valuation Fluctuates

 

The value of these coins is constantly fluctuating according to demand. Therefore, there are people who buy bitcoins as investiment.

 

No Buyer Protection

 

When you buy something using these coins, and the seller doesn’t send the promised goods, nothing can be done to reverse the transaction.

 

And also you have to know that there aren’t physical form or valuation guarantee.

 

blog

Welcome to The Silk Route Barcelona blog

This blog will work like a “meeting point” where you can find information about international business. We will share all our knowledge about last trends on markets, business opportunities, interesting topics of our sector, networking and much more.

What are you going to find in our blog?

Once or twice a week we are going to publish posts about different categories.

Blog categories

We are going to start this blog with 7 different categories:

  • International
  • B2B
  • Networking
  • Entrepreneurship
  • Markets
  • Concepts / Definitions
  • Other

What are our blog to talk about?

International

International is a category where you can find interesting information about issues like international transport, online shops, taxes, etc.

B2B

We love this category because we will talk about how important is nowadays Business to Business strategies. 

Business to business, as you will read soon, are based on companies who have as clients other companies.

Networking

Networking means creating a group of acquaintances and associates and keeping it active through regular communication for mutual benefit. Networking is based on the question “How can I help?” and not with “What can I get?” And in this category we are going to talk about how to do it and its benefits.

Entrepreneurship

Entrepreneurship is the process of designing, launching, and running a new business which is often initially a small business offering a product, process, or service for sale or hire.

In this category we will write pots about diferent companies, best entrepreneurs of the year, what you have to know to be an entrepreneur, etc.

Markets

Markets are also a long category because you can find a lot of different kind of information on it. We are going to write posts about the Chinese market and also, for example, about “bitcoins”.
We are sure that you are going to enjoy it a lot.

Concepts

The main goal of this category is define concepts. We are going to start explaining the meaning of “win-to-win business”. This term is used to describe business where each part has positive revenue.

Other

Obviously this is the longest category because in this one we one to talk about issues that are not included in the other categories. In this category, for example, you can find posts about our partners.

Partners are a key part on business relationship.

This blog is also yours

One of the most important goals of this blog is to talk about what you want to hear from. Therefore, if you are interested in one related issue, please contact us.
We will happy to do it.

We hope our blog will be a useful tool where you can also participate by contributing with your comments.

Thank you very much for reading us.