The economy of the future is circular
Across the globe, nations are turning current resource use on its head and embracing a circular economy where the industrial system is regenerative.
Add BT as a preferred source
BY 2050, there will be almost 10 billion humans on earth - and going on current consumption patterns, we will need three whole Planet Earths to supply our resources. Since the industrial revolution, manufacturing and consumption of goods has occurred mostly on a linear continuum; a "take-make-dispose" model where companies obtain natural resources and manufacture goods that are sold to consumers and later discarded.
However, in a circular economy, the industrial system is deliberately designed to be regenerative. Rather than goods reaching an end-of-life, they are restored or upgraded and waste is eliminated through consciously engineering products and materials to make them suitable for reuse.
A GLOBAL CHALLENGE
Copyright SPH Media. All rights reserved.
