Circular Economy
The traditional 'linear' model preaches the concept of 'make, break, and discard'. The circular economy is a concept in which everything is engineered to be constantly reused or recycled. It requires rethinking of design, manufacturing, selling, re-using, recycling and consumer ownership to keep resources in use for as long as possible and to extract maximum value.
This is done by minimizing waste, emission, and energy leakage by slowing, closing, and narrowing energy and material loops. This is achieved using the ten R’s
Refuse: Make product redundant by abandoning its function or by offering the same function with a radically different product
Rethink: Make product use more intensive (e.g. by sharing product)
Reduce: Increase efficiency in product manufacture or use by consuming fewer natural resources and materials
Reuse by another consumer of discarded product, which is still in good condition and fulfills its original function
Repair and maintenance of defective product so it can be used with its original function
Refurbish an old product and bring it up to date
Re-manufacture: Use parts of discarded product in a new product with the same function
Re-purpose: Use discarded product or its parts in a new product with a different function
Recycle: Process materials to obtain the same (high grade) or lower (low grade) quality
Recover Incineration of material with energy recovery
#CircularEconomy
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