Manufacture, use and disposal? No, reduce, reuse and recycle. The present paradigm of lineal economic model could be coming to an end and its place will likely be taken by the circular economy.
Reusing parts can be a reduction for nature
The present model of production and management of resources, items and services that seeks to promote short-term consumption is leading the planet to an unsustainable situtation. The nowadays economic system is the opposite of the life cycle of nature and collides with sustainable development, centered on the lengthy term. In nature there is no such thing as a waste or landfill: all parts play a role continuously and are reused in numerous stages.
What’s the circular financial system?
Taking as an example the cyclical nature sample, circular financial system is offered as a system of resources utilization the place reduction, reuse and recycling of parts prevails: minimize production to a naked minimum, and when it is necessary to make use of the product, go for the reuse of the weather that may not return to the environment.
That’s, the circular financial system promotes using as many biodegradable materials as possible in the manufacture of products -biological nutrients- to allow them to get back to nature without causing environmental damage at the end of their useful life. When it is not attainable to use eco-friendly supplies -technical nutrients: electronics, hardware, batteries… – the intention is to facilitate a simple uncoupling to offer them a new life by reintroducing them into the production cycle and compose a new piece. When this shouldn’t be attainable, it will likely be recycled in a respectful way with the environment.
Good for users… and companies
The circular financial system: what’s it?
Unlike other financial fashions where the economic side prevails over the social or environmental, circular economic system is a considerable improvement common to each businesses and consumers. Firms that have applied this system are proving that reusing resources is far more cost efficient than creating them from scratch. Consequently, production costs are reduced, in order that the sale worth can be lowered, thereby benefiting the buyer; not only economically, but also in social and environmental aspects.
Circular financial system rules
There are ten ideas that define how circular economic system ought to work:
Waste turns into a resource: is the principle feature. All the biodegradable material returns to the character and the not biodegradable is reused.
Second use: reintroduce in the economic circuit these products that now not correspond to the preliminary shoppers needs.
Reuse: reuse certain products or elements of those products that also work to elaborate new artifacts.
Reparation: discover damage products a second life.
Recycle: make use of supplies based in waste.
Valorization: harness energy from waste that may’t be recycled.
Functionality economic system: circular financial system aims to eradicate the sale of products in many cases to determine a system of rental property. When the product completes its primary function returns to the company, where it is dismantled for reusing the legitimate 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 all through the life cycle of a product.
Industrial and territorial ecology: institution of an industrial organizational method in a territory characterized by an optimized administration of stocks and flows of supplies, energy and services.
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