Waste is known as an unwanted resource. But is that fair? Perhaps it is simply in need of a creative movement, set to change perception about the way we use, deal, and think about our most common by-products.In this ‘take, make and throw away’ world, we’re constantly surrounded by stuff and things (and more things and more stuff). Quickly, easily, and without thinking, our casual collections become waste. Whether it be a finished coffee cup, an old phone or an unwanted gift from grandma, our waste runs so rampant in our everyday life, it’s now become invisible.
The circular economy, reuses and recycles materials, producing lit
By looking at the whole system, treating all materials as valuable, and shifting to new marketplace models that minimize the amount of resources needed in the first place, the circular economy is based on resource productivity and how we can get the most from what we use. Waste gets designed out of the system.
The Circular Economy is flipping waste on its head by presenting new ways to look at use of resources.In order to pursue and practice clean and sustainable development, India and Germany will collaborate to focus on circular economy and water management. The circular economy, which aims to eradicate waste by optimum utilization of raw material during manufacturing and recycling waste and discarded products, is fast catching the attention of governments globally.In a world of close to 9 billion people expected by 2030 – including 3 billion new middle-class consumers – the challenges of expanding resource supply to meet future demand are unprecedented.
The current “take-make-dispose” approach results in massive waste; in the fast-moving consumer goods sector alone, about 80% of the $3.2 trillion material value is lost irrecoverably each year.
Commodity prices rose overall by almost 150% in 2002-2010, erasing the real price declines of the last 100 years.
The circular economy, reuses and recycles materials, producing little waste.