{"id":5772,"date":"2021-06-04T15:31:20","date_gmt":"2021-06-04T06:31:20","guid":{"rendered":"https:\/\/askinno.com\/global\/?p=5772"},"modified":"2024-01-24T13:54:49","modified_gmt":"2024-01-24T04:54:49","slug":"circular-economy-%e2%91%a0-the-concept-and-public-sectors-plans","status":"publish","type":"post","link":"https:\/\/askinno.com\/global\/archives\/5772","title":{"rendered":"Circular economy \u2460 The concept and public sector\u2019s plans"},"content":{"rendered":"

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\u201cThe goods of today are the resources of tomorrow at yesterday\u2019s resource prices\u201d<\/span><\/em><\/span><\/p>\n


\n(Walter R. Stahel)<\/span><\/em><\/span><\/p>\n

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Circular economy<\/span><\/strong> (or \u201ccircularity<\/strong><\/span>\u201d) is not a new concept. Some studies stated that the cradle of circular economy dated back in 1970s, some said the concept of it was suggested in 1960s, but when it first emerged is not as important as the fact that it has become a buzz world in recent years. It is obvious that as we are caring more about sustainability and changing consumer attitudes and habits, the topic become hotter.<\/span><\/p>\n

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You may have heard of this term many times, and it has been mentioned frequently in recent SKinno News contents as well. But what is it exactly and how are we working on it? <\/span><\/p>\n

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Through the first episode of our short \u201cCircular economy\u201d series, let\u2019s follow us to grasp some basic ideas about the circular economy and how the public sectors are preparing for it. <\/span><\/p>\n

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|\u00a0<\/span>What is \u201ccircular economy\u201d and why we need it? <\/span><\/strong><\/p>\n

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There are various ways to explain what “circular economy” is, but let us walk you through this concept with some of the most comprehensible definitions.<\/span><\/p>\n

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Here is how the World Economic Forum defines it: <\/span><\/p>\n


\n\u201cA circular economy is an industrial system<\/strong> that is restorative<\/strong> or regenerative<\/strong> by intention and design. <\/em><\/span><\/span><\/p>\n

It replaces the end-of-life concept with restoration, shifts towards the use of renewable energy<\/span>, eliminates the use of toxic chemicals,\u00a0<\/em><\/span><\/span>which impair reuse<\/span> and return<\/span> to the biosphere, and aims for the elimination of waste<\/span> through the superior design of materials, products, systems, and business models. \u201d<\/strong><\/em><\/span><\/p>\n

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Ellen MacArthur Foundation, a world famous organization that develops and promotes circular economy, has a video that can help us have a better understanding about the basic concepts with simple illustrations. You can check the Youtube video below to learn more about it:<\/span><\/p>\n

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