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Future of Circular Economy

The circular economy can be compared to our current, predominantly linear one. Today we take something from the ground, make something out of it, and at the end of the life of that material, it gets thrown away. But in the case of a circular economy, you would keep products and materials in use for as long as possible. The key principle of the circular economy is regeneration. “Anything that physically biodegrades has the opportunity to regenerate natural systems, and all that is underpinned by the shift to renewable energy”. Despite massive changes to the way we approach waste and resources, the benefit of a circular economy isn’t just environmental, it’s egalitarian: “You end up with a much more distributed economy, a much more diverse economy, and a much more inclusive economy. It is a model that is based on the principles of designing out waste and pollution, keeping products and materials in use, and regenerating natural systems.

In a circular economy, manufacturers design products to be reusable. For example, electrical devices are designed in such a way that they are easier to repair. Products and raw materials are also reused as much as possible. For example, by recycling plastic into pellets for making new plastic products. In a circular economy we treat our surroundings responsibly. As the world population is growing this is affecting the environment. To ensure there’s enough food, water and prosperity in 2050, there is a need to switch from a linear to a circular economy. That’s why certain countries have developed the Government-wide programme for a Circular Economy. The aim is to ensure healthy and safe living and working conditions, and cause less harm to the environment. For example, waste glass is used to make new glass and waste paper is used to make new paper. To ensure that in the future there are enough raw materials for food, shelter, heating and other nec.