3 Examples of the Circular Economy
Why do we need to consider a Circular Economy?
Long story short, the current system is reaching its limits. Among others, the circular economy proposes a closed-loop system, circular design, and more sustainable products.
The issue with our economic system resides in its design, which was based on processes, principles, and tools developed during the Industrial Revolution. Although past innovations were highly efficient in fuelling economic growth and societal development, it’s been increasingly evident that we require a transformation of our systems to ensure sustainability for future generations and ourselves.
The foundational assumptions behind the Industrial Revolution were misinformed. We’re working with finite raw materials that cannot sustain economic growth indefinitely. Moreover, large-scale, resource-intensive anthropic activities have created shocks that our planet cannot absorb. Finally, although our world systems have feedback loops, we keep neglecting the signals.
