What Is A Circular Economy?
Here’s why circular economy model is a better sustainable alternative.
The Circular economy is an economic model that is based on making humanity self-sustainable through the following 3 principle
- Eliminate waste and pollution
- Circulate products and materials
- Regenerate nature
“Today we have economies that need to grow, whether or not they make us thrive. What we need are economies that make us thrive, whether or not they grow.” — Kate Raworth, author of Doughnut Economics (2017)
Read further to find out more!
The Problem: Our Current System Is Unsustainable
Current society functions on a linear economy model. In this system, industries acquire and process raw materials into products, which are then used and simply discarded as waste
This ‘Take-Make-Waste’ economy rapidly exhausts Earth’s limited resources, and accumulates harmful waste, as can be seen below
Why Is A Linear Economy Unsustainable?
Waste is the final destination in this system; the full stop. This accumulated trash poses a threat to our environment. Such types of waste are plastic waste, textile waste, food waste, computer waste, and construction waste, to name a few.
Each year, over 2 billion tonnes of waste are added to our landfills. If all this waste was loaded onto trucks, they would circle the globe twenty-four times.
Meanwhile, one-third of…