The City of Wiltz, hometown of BBI Luxembourg, has started in 2015 the process of becoming the expert center of circular economy. They are now carying the title of "Circular Economy Hotspot" for Luxembourg.
Following this example, BBI Luxembourg, will introduce a new course subject into its redesigned Master degree in International Hospitality & Tourism Management. "Sustainable Development & Innovation" will look, among others, at how the circular economy model can be translated towards hospitality and tourism. Within this sector, one of the key development criteria will be to preserve what we have for the future.
But what is Circular Economy to begin with?
(Source: Ellen Macarthur Foundation)
Looking beyond the current take-make-waste extractive industrial model, a circular economy aims to redefine growth, focusing on positive society-wide benefits. It entails gradually decoupling economic activity from the consumption of finite resources, and designing waste out of the system. Underpinned by a transition to renewable energy sources, the circular model builds economic, natural, and social capital. It is based on three principles:
Have a look at the circular economy system diagram on the right.
Click on the video below to get the full explanation!
The City of Wiltz, home of BBI Luxembourg, in the Chinese news on their developments towards a circular economy! Watch the full episode by clicking the picture below!