Manufacture, use and disposal? No, reduce, reuse and recycle. The current paradigm of lineal financial model could possibly be coming to an end and its place will likely be taken by the circular economy.
Reusing components can be a relief for nature
The current mannequin of production and management of resources, goods and services that seeks to promote short-time period consumption is leading the planet to an unsustainable situtation. The nowadays financial system is the opposite of the life cycle of nature and collides with sustainable development, focused on the long term. In nature there is no waste or landfill: all components play a role constantly and are reused in different stages.
What is the circular economy?
Taking for instance the cyclical nature sample, circular economy is introduced as a system of resources utilization the place reduction, reuse and recycling of components prevails: reduce production to a naked minimum, and when it’s necessary to use the product, go for the reuse of the weather that can not return to the environment.
That is, the circular economy promotes the use of as many biodegradable supplies as possible within the manufacture of products -organic nutrients- so they can get back to nature with out inflicting environmental damage at the end of their helpful life. When it isn’t potential to use eco-pleasant materials -technical vitamins: electronics, hardware, batteries… – the intention is to facilitate a simple uncoupling to offer them a new life by reintroducing them into the production cycle and compose a new piece. When this just isn’t attainable, it will likely be recycled in a respectful way with the environment.
Good for users… and businesses
The circular economic system: what is it?
In contrast to different economic fashions the place the financial aspect prevails over the social or environmental, circular economy is a substantial improvement frequent to each businesses and consumers. Companies which have applied this system are proving that reusing resources is much more price effective than creating them from scratch. In consequence, production prices are reduced, in order that the sale value can be lowered, thereby benefiting the consumer; not only economically, but additionally in social and environmental aspects.
Circular financial system ideas
There are ten rules that define how circular economy should work:
Waste turns into a resource: is the primary feature. All the biodegradable material returns to the nature and the not biodegradable is reused.
Second use: reintroduce in the financial circuit those products that no longer correspond to the initial consumers needs.
Reuse: reuse sure products or elements of these products that still work to elaborate new artifacts.
Reparation: find damage products a second life.
Recycle: make use of supplies based in waste.
Valorization: harness energy from waste that may’t be recycled.
Functionality economic system: circular economy aims to eradicate the sale of products in many cases to ascertain a system of rental property. When the product completes its primary function returns to the company, the place it’s dismantled for reusing the valid parts.
Energy from renewable sources: elimination of fossil fuels to produce the product, reuse and recycle.
Eco-design: considers and integrates in its conception the environmental impacts all through the life cycle of a product.
Industrial and territorial ecology: establishment of an industrial organizational method in a territory characterised by an optimized management of stocks and flows of supplies, energy and services.
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