Sustainability, recycling and the concept of a circular economy are all topics vitally important in today’s changing world
Re-defining Value – The Manufacturing Revolution
Rethinking how industrial products are manufactured and dealing with them at the end of their useful life could provide breakthrough environmental, social and economic benefits, according to new research from the International Resource Panel (IRP).
The report is co-authored by Nabil Nasr, CEO of the REMADE Institute and Jennifer Russell, a former Ph.D. student in sustainability of Nasr’s at GIS.
The United Nations Environment Programme panel is widely considered the most authoritative scientific forum for scientists and experts working in the area of natural resource management worldwide. Nasr is one of only three U.S. members.
While there is no one-size-fits-all approach, the report states, where pursued strategically and systematically, adoption of value-retention processes can accelerate a country’s move to a circular economy, increasing production without increasing the negative environmental impacts.
The Ellen MacArthur Foundation is accelerating the transition to a circular economy*
The Ellen MacArthur Foundation works with business, government and academia to build a framework for an economy that is restorative and regenerative by design.
The current system is no longer working for businesses, people or the environment. We take resources from the ground to make products, which we use, and, when we no longer want them, throw them away. Take-make-waste. We call this a linear economy. The linear economy has to change.
We must transform all the elements of the take-make-waste system: how we manage resources, how we make and use products, and what we do with the materials afterwards. Only then can we create a thriving economy that can benefit everyone within the limits of our planet. It’s called the circular economy.
It’s a new way to design, make, and use things within planetary boundaries.
Shifting the system involves everyone and everything: businesses, governments, and individuals; our cities, our products, and our jobs. By designing out waste and pollution, keeping products and materials in use, and regenerating natural systems we can reinvent everything.
*Courtesy of the Ellen MacArthur Foundation