The Circular Economy - Everything You Need to Know | Kevin Chin
The circular economy offers organisations a systematic way of solving some of the biggest problems of the world today. The economic model focusses on extending the value of existing raw materials and products to mitigate the impacts of materials extraction. It also prioritises the use of renewable energy over fossil fuels to help curb carbon emissions in many industries. Far from being a recent invention, the concept of circularity has been around for a very long time. Societies have been experimenting with cycles and feedback loops in production for thousands of years. However, it was not until the advent of global crises, such as climate change and biodiversity loss, that CE solutions became widely accepted. Now, more governments and businesses have started to adopt the circular economy approach. The future of many industries depends on how they can effectively use the finite resources available in the world. What is a circular economy? The cir...