Manufacture, use and disposal? No, reduce, reuse and recycle. The current paradigm of lineal financial model could possibly be coming to an finish and its place will be taken by the circular economy.
Reusing elements could be a relief for nature
The current mannequin of production and administration of resources, goods and services that seeks to promote quick-term consumption is leading the planet to an unsustainable situtation. The nowadays economic system is the opposite of the life cycle of nature and collides with sustainable development, targeted on the long term. In nature there is no such thing as a waste or landfill: all parts play a task repeatedly and are reused in several stages.
What’s the circular economy?
Taking for example the cyclical nature sample, circular economy is offered as a system of resources utilization the place reduction, reuse and recycling of parts prevails: reduce production to a bare minimum, and when it’s necessary to make use of the product, go for the reuse of the elements that can not return to the environment.
That is, the circular economy promotes the usage of as many biodegradable materials as doable within the manufacture of products -organic nutrients- to allow them to get back to nature without causing environmental damage at the end of their useful life. When it’s not possible to make use of eco-pleasant supplies -technical vitamins: electronics, hardware, batteries… – the goal is to facilitate a simple uncoupling to provide them a new life by reintroducing them into the production cycle and compose a new piece. When this will not be potential, it is going to be recycled in a respectful way with the environment.
Good for users… and companies
The circular financial system: what’s it?
Unlike different financial fashions where the financial aspect prevails over the social or environmental, circular economy is a considerable improvement common to both businesses and consumers. Firms that have carried out this system are proving that reusing resources is way more price efficient than creating them from scratch. In consequence, production costs are reduced, so that the sale value is also lowered, thereby benefiting the patron; not only economically, but also in social and environmental aspects.
Circular economy ideas
There are ten principles that define how circular economic system ought to work:
Waste becomes a resource: is the primary feature. All the biodegradable material returns to the nature and the not biodegradable is reused.
Second use: reintroduce within the financial circuit those products that no longer correspond to the preliminary shoppers needs.
Reuse: reuse sure products or components of those products that also work to elaborate new artifacts.
Reparation: discover 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 remove the sale of products in lots of cases to determine a system of rental property. When the product completes its most important perform returns to the corporate, where it is dismantled for reusing the legitimate 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: institution of an industrial organizational method in a territory characterised by an optimized management of stocks and flows of materials, energy and services.
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