IN 2019, the United Nations issued a statement saying that we only have 11 years left to prevent irreversible damage to our planet by climate change (bit.ly/un_climate).
Today, we live in a traditional linear economic system that follows the “take-make-dispose” principle. We extract materials, process them into a product, use it, and throw it away as waste. As a result, garbage is piling up in landfills and polluting rivers and ocean. Statistics show that the amount of plastic waste produced globally is around 300 million tonnes per year. This does not include textile, food and other types of waste.
The circular economy is a new economic model that aims to produce zero waste. It opposes the current linear model, and closes the loop of product lifecycles by adhering to the principle of “make-use-remake”.
In a circular economy, the life-cycle of a product is…