Manufacture, use and disposal? No, reduce, reuse and recycle. The present paradigm of lineal financial model could be coming to an finish and its place might be taken by the circular economy.
Reusing components could be a aid for nature
The current mannequin of production and administration of resources, goods and services that seeks to promote brief-time period consumption is leading the planet to an unsustainable situtation. The nowadays financial system is the opposite of the life cycle of nature and collides with maintainable development, centered on the long term. In nature there is no waste or landfill: all elements play a role constantly and are reused in different stages.
What’s the circular economy?
Taking for example the cyclical nature pattern, circular economic system is offered as a system of resources utilization the place reduction, reuse and recycling of components prevails: reduce production to a naked minimum, and when it’s a necessity to make use of the product, go for the reuse of the weather that may not return to the environment.
That’s, the circular economy promotes the use of as many biodegradable supplies as attainable within the manufacture of products -biological nutrients- to allow them to get back to nature without inflicting environmental damage on the finish of their useful life. When it isn’t doable to use eco-friendly supplies -technical nutrients: electronics, hardware, batteries… – the intention is to facilitate a simple uncoupling to present them a new life by reintroducing them into the production cycle and compose a new piece. When this just isn’t possible, it is going to be recycled in a respectful way with the environment.
Good for users… and companies
The circular financial system: what is it?
In contrast to other economic models the place the economic side prevails over the social or environmental, circular economic system is a substantial improvement frequent to each businesses and consumers. Corporations which have applied this system are proving that reusing resources is way more cost efficient than creating them from scratch. As a result, production prices are reduced, so that the sale price can also be lowered, thereby benefiting the consumer; not only economically, but additionally in social and environmental aspects.
Circular economic system ideas
There are ten rules that define how circular financial system should work:
Waste becomes a resource: is the principle feature. All the biodegradable materials 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 consumers needs.
Reuse: reuse certain products or components of these products that still work to elaborate new artifacts.
Reparation: discover damage products a second life.
Recycle: make use of supplies founded in waste.
Valorization: harness energy from waste that may’t be recycled.
Functionality economy: circular economic system goals to get rid of the sale of products in lots of cases to determine a system of rental property. When the product completes its principal perform returns to the company, the place it’s dismantled for reusing the valid 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 throughout 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.