3FOOD
TIR-CG_Luxembourg-Final-Report_Long-Version TIR-CG_Luxembourg-Final-Report_Long-Version
Third Industrial Revolution Consulting Group biodiversity-rich developing countries, threatening acceleration of the destruction of intact wilderness regions. 326 Interactions with other pillars Industry First, companies can contribute to the switch from fossil or nuclear energy to renewable energies. One of the first steps should be to convert current heat losses into a usable energy source for further use. Industry is a key actor in the circular economy as the highest impact is created if products are designed for continuous cycles. Beyond the technical issues, the actual business model will have to be adapted toward a new approach: product as a service. Finance The finance sector often plays the role of business enabler. The development of new business models requires different views and approaches towards financing. Circular economy projects might need higher initial investments but will have important returns in the longer term. The funding sector might be interested in investing in ‘circular’ companies, creating positive impacts. Therefore, it will be important for the finance sector to understand the underlying circular approach. Tools for evaluating how circular a business really is, will be needed. The financial industry should investigate how the blockchain technology can be used in a large range of applications, where data privacy and transparency are required. Virtual currencies could help to make sharing platforms work. Mobility Reverse logistics, car/truck pooling, multimodal transport, and driverless and electric and hydrogen fuel cell vehicles, are commonly identified areas that need to be pursued in ushering in the Mobility Internet. Electric cars don’t need fossil energy (if the electricity is produced by 326 Lambin, Eric F. and Patrick Meyfroidt (2011) Global land use change, economic globalization, and the looming land scarcity, Proceedings of the National Academy of Sciences USA, vol. 108, no. 9, March 1, 2011, http://www.pnas.org/cgi/doi/10.1073/pnas.1100480108. 366
Third Industrial Revolution Consulting Group renewable energy) and electric cars could be used for distributed energy storage. But the current lithium-ion batteries are not yet designed for continuous loops. Therefore, the battery technology should not only be looking at how to increase the energy storage density, but also how to recover 100% of the used materials at a high quality. The research for new concepts (for example fuel cell) should continue. Driverless vehicles will contribute to significantly reducing the logistics (and reverse logistics) cost, enabling the development of more continuous material loops. Buildings Integrated and integral building design should aim for buildings that are energy positive and that act as material banks (BIM-process). In addition, they are connected in multiple ways to the Internet and will generate large sets of data (i.e., instant information about material flow through a building). New urban collaborative and sharing concepts should be promoted (for example, urban farming on rooftops). 367
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Third Industrial Revolution Consulting Group<br />
renewable energy) and electric cars could be used for distributed energy storage. But the<br />
current lithium-ion batteries are not yet designed for continuous loops. Therefore, the battery<br />
technology should not only be looking at how to increase the energy storage density, but also<br />
how to recover 100% of the used materials at a high quality. The research for new concepts (for<br />
example fuel cell) should continue. Driverless vehicles will contribute to significantly reducing<br />
the logistics (and reverse logistics) cost, enabling the development of more continuous material<br />
loops.<br />
Buildings<br />
Integrated and integral building design should aim for buildings that are energy positive and<br />
that act as material banks (BIM-process). In addition, they are connected in multiple ways to<br />
the Internet and will generate large sets of data (i.e., instant information about material flow<br />
through a building). New urban collaborative and sharing concepts should be promoted (for<br />
example, urban farming on rooftops).<br />
367