Urban Metabolism and the Circular Economy, The Capital Approach

Abstract

As global human population continues to increase society is shifting toward more concentrated urbanisation. Urban settlements require adequate, appropriate infrastructure and accommodation to satisfy the increasing population needs. A circular economy is an inclusive approach relying on integrated systems that feedback into the production process. Humanity has reached a position where we must utilise the stock of natural capital more efficiently to ensure that replenishment of stock can occur. An appreciation of the circular economy is required to ensure that the stock and flows of capital can meet the metabolic rate of urbanism. The circular economy provides an opportunity to transition from the linear economy to satisfy sustainable development objectives.