Circular Economy – a revolutionary process to get back into the used or old products. Reusing, Recycling, refusing, Refurbishing, Revamping, and reutilizing the waste & creating a circular loop to bring the existing products into the marketplace.
A Circular Economy is a system-structured tech-stack framework to eliminate waste production, pollution, and environmental crisis at the initial stage.
In the Linear Economy, we create products from Earth’s resources & throw them away once used, making our world a dump yard.
In a circular economy, the waste generation is suppressed at the initial stage (Production of a product). Enabling & catalyzing products’ lifecycle during the process of manufacturing is the right way to eliminate waste generation at the first point.
Need for Circular Economy :
As the population increases and more people consume goods, there will be a rise in production to meet the demand, which results in the usage of finite resources like oil and other mineral resources.
India generates around 62 million tonnes of waste per day, which is equal to 3,40,000 cubic meters of landscape every day (1,240 hectares needed per year) required to fill the waste generated.
Out of sight & out of Intention, waste generation is rapid & intense. Each action creates waste every second. What about treating these galactic amounts of waste?
As per reports, only 11 million tonnes of waste are treated for recycling and re-utilization purposes. Around 43 million tonnes of waste are left without any concern and buried in landfills.
Incinerating one ton of waste produces 500-600 Kwh of electricity. Transforming the throwaway Economy to a circular economy needs a scintillating spurt.
To create a sustainable environment, some disruptive changes need to be made in the linear Economy at a breakneck speed.
5 Traits of Circular Economy:
- Waste elimination
- Circular Economy over linear
- Recycling & Reutilizing waste
- Circular Theory
- Re-energize nature
Waste Elimination
The revelation of waste with proper segregation treatment enhances the end-of-life products to reutilize again without getting wasted. Eradicating the T-M-W (Take-make-waste system) & start consuming the end-of-life products to bring back into the picture of usage.
Increasing the valorization of wastes results in resuing and reprocessing the used products to recycle in higher value. In addition, recycling increases a product’s life span.
Segregation plays an imperative part in expelling waste. Disposing waste in a legitimate way works better for recycling & re-implementing processes.
The basic conceptualization of a circular economy is to balance demand with the limited resources available.
The main elements of this economic system are reduction in the use of raw materials, reuse and recycling of waste materials, efficient usage of energy and materials, sustainable development by reducing environmental impacts and supporting social justice.
A sustainable environment can be achieved by reducing the generation of waste.
Circular Economy over linear
The circular Economy is completely vice-versa from a linear economy. We extract the source raw material in a linear economy, manufacture products, and throw them away once enervated.
An economy based on circular principles is a sustainable one. The main difference between the traditional and circular Economy is that the latter wastes less and produces more valuable products that are no longer wasted.
The Lifecycle Environmental Performance of products has been a growing concern to the consumers. By integrating recycling and waste minimization into product design and manufacturing, manufacturers can help their customers reduce the impact of their purchasing decisions on the environment.
The life cycle of a product is the key to a circular economy. It can determine if a product’s design enables it to be recycled at the end of its useful life or if it must be thrown away in a landfill.
We work with our clients to ensure their solutions meet or exceed circular economy requirements by identifying and implementing opportunities for sustainable design and materials selection and developing strategies for extended product life cycles.
The linear economy’s major crisis is the irrational usage of raw materials without calculated demand and supply. A linear economy is not composed of any recycling or reutilizing product measures.
As part of sustainable development, the 3 R principle determines the circular economy concept.
Reuse. Reduce. Recycle
Recycling & Reutilizing waste
India lacks in reutilizing & recycling the wastes. Let’s analyze the recycling numbers in India.
Over 67% of waste collected in India is getting chucked into landfills. India ranks 3rd position in generating E-waste and ranks 12th position in mismanaging plastic waste worldwide. Only 1% of India’s demolition and construction waste is recycled.
All the winnable resources are getting lost in the lands of the Earth.
Recycling and reutilizing waste materials to create a circular economy is a key to sustainable development. We believe that the circular economy has many advantages and is more advanced than the current linear economy model, which focuses on using and discarding products after one-time use.
Waste is not waste. Trash is a resource. And when you know how to recycle and upcycle, good things happen fast. Just think: you can turn all your waste into something useful again.
The waste paper finds a new life as office stationery. Toilet paper rolls become home décor. Milk cartons transport plants or flowers in your garden. Glass bottles are made into wine bottles for the next batch of homemade vino.”
Circular Theory
A circular economy comforts climate change and planet eco-sustainability creating a win-to-win situation for manufacturers, investors, companies, and consumers.
Circular Theory implies the 4 concepts for sustainable development of the ecosystem.
- How we manage and take forward our natural resources
- How we make and take end-of-life products to the next phase
- How we get benefitted from the circular recycled products
- How to manage the products after usage and thrown away.
Circular economies matter not just for the environment, but also for the economy. It is proven to generate far-reaching benefits for businesses and society. Moreover, the entire value chain of a circular economy – from resource extraction to disposal – is less complex than non-circular systems, therefore reducing costs and increasing profitability.
A circular economy is a socio-economic system whose aim is to minimize waste and pollution by closing resource loops and reusing products and materials at the end of their life to extract maximum value.
Re-energize nature
Let’s bring back nature’s ecological stream prevailing.
The circular economy is a business model where you make products to last, use and repair goods, recycle or repurpose materials, and grow and produce food on-site rather than transporting goods from afar.
By taking steps to reduce waste, you can not only ensure your business is sustainable but also improve your bottom line of productivity.
Leverage the loop of circular Economy that encircles a sustainable ecosystem.