Our economy isn’t geared up to deal with the waste it produces. We need to build a new model that has sustainability built in. This is known as the ‘Circular Economy’. By following three Rs of the circular economy, we can play our part to reduce carbon emissions.
A circular economy is based on the principles of designing out waste and pollution, keeping products and materials in use, and regenerating natural systems.
In a circular economy, manufacturers design products to be reusable. For example, electrical devices are designed in such a way that they are easier to repair. Products and raw materials are also reused as much as possible. For example, by recycling plastic into pellets for making new plastic products.