Importance of Circular Economy
In a world with limited resources, circular economies are the way of the future. The way current commercial, linear economies extract, consume, and then dispose of resources, leaves scare resources for the future and puts extreme pressure on the environment. Circular economies solve this issue of one time use and dispose, by revering as much value as possible from used resources. Circular economies refurbish, repair or re-manufacture new products using the materials from existing ones.
Dealing with and slowing down climate change is a big issue our generation deals with. The circular model is not confined to the corporate workspace but can be part of your home-life too. For example, we can save money and be more sustainable by sharing resources in the form of collaborative studio spaces or car sharing programs.
The main concepts or steps around a circular economy system can be summarized as follows:
1. How we manage resources,
2. How we make and use products,
3. What we do with the materials afterwards.
Circular economies have numerous benefits, and consuming from startups that embrace this approach is your way of taking one more step towards sustainability. Though it may seem small, repurposing and re-manufacturing items, the effect of reducing pressures on resources is just the beginning of the many benefits that circular economies have.
1) Reduced non-renewable resource consumption
Since circular economies produce products using resourced from existing products, it eliminated the need to mine or synthesize newer non-renewable materials.
2) Lowering carbon emissions
Since circular economies no not need to refine, synthesize or manufacture materials, there is a significantly lower emission of noxious gasses that contribute to the greenhouse effect.
3) Step towards zero waste
Working with materials that would otherwise be thrown away or end up in landfills, circular economies drastically reduce ‘waste’.