Circular Economy– An Intangible Approach To A Sustainable Future
The ever-growing population when clubbed with the extravagant demand of goods and products results in astounding volumes of different materials that go to waste, not to mention it has an everlasting adverse impact on air, soil, and water pollution if it is not collected and put to recycling process. This activity triggers a traumatic domino effect on human beings and the health of the ecosystem. Albeit the unfavorable effects of this linear consumption cycle are noted thoroughly, sustainable production, supply and efficient use of resources also represent global challenges that need to be tackled.
Fortunately, a highly promising solution to the problem of waste is the development of a Circular Economy. A Circular Economy is an economic model which maximizes the utilization of the materials extracted from nature. Each non-biodegradable material is used, reused, recycled, and remade in order to diminish the detrimental effects on the environment. Whereas, in a Linear Economy, the lifecycle of the product is clearly defined and not subject to change, this goes as: extract raw materials, transform, sell, consume and finally discard.
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