30 Oct 3 Examples Of How Circular Economy Works
What is the circular economy examples?
In a circular economy, the circular flow of materials and energy creates a sustainable system that reduces waste and limits environmental damage. The circular economy is often compared to our current linear economic model; however, circular approaches can be adopted in any economic system. Here are three examples of how circular economies work:
#1: Resource Recovery
In this example, people use “waste” as raw material for new products – such as turning plastic bottles into building blocks or clothing fibers from old shirts. This approach offers many benefits including reducing the need for natural resources like oil and coal, which means less pollution in the air!
#2: Closed-Loop Manufacturing
In circular economy terms, closed-loop manufacturing is when a business works to manufacture and use materials in such a way that the waste stream from one process becomes the feedstock of another. This kind of recycling reduces mining for raw materials and offers greater control over product quality while reducing costs.
#3: Nationwide Recycling Program
This example represents how circular economy approaches can be implemented on a larger scale than individual companies – like with entire countries! In Germany, they have created an initiative called “Pro Klima” which incentivizes businesses throughout their country to implement circular economic practices by rewarding them with money or tax breaks if they do so effectively. It’s estimated this incentive has helped recycle more than two million tons of material since its inception in 2012. This circular economy example shows how large-scale initiatives can help drive progress towards global sustainability goals like the circular economy.
Another example is an application of circular principles on a smaller, more localized level – similar to individual companies or business units within larger organizations. A dairy farm in New Zealand has implemented numerous circular practices at their facility which helps reduce costs and improve revenue while also minimizing environmental impact (production waste is now recycled into compost for other organic farming operations!).
The end result? They’re able to sell products that would otherwise be wasted at much higher prices than they were previously paid for “trash” milk by implementing these changes!
In conclusion, circular economy principles can be applied to any business or organization in a variety of ways – including customer-facing circular initiatives like recycling programs, production waste management, and product repairs. Be prepared for the future by adopting circular strategies today!
We hope this information on circular economy examples was helpful.
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