The circular economy, recycling products after use, is cheap and environmentally friendly – but is it up to companies, consumers or the government to drive it forward?
A circular economy has long been a very good idea. Rather than using raw materials to make products that are then thrown away, a circular system recycles products after use back into the manufacturing process. Also known as "closed loop" or "cradle-to-cradle", it makes good business sense: procurement and sourcing is more secure and transparent, it's cheaper and also happens to be much more environmentally friendly. But if that's the case, why aren't more companies doing it? And what can be done to move the circular economy into the mainstream?
There are many barriers in the way, however, of a circular or shared economy. It requires a lot of joined-up thinking, cross-sector collaboration and enlightened government regulation – all of which are currently in short supply. "We need to see a complete reorganisation of production and consumption systems, and companies working much more cleverly together as a horizontal economy", argued Dax Lovegrove
Via Flora Moon, SustainOurEarth