Should we move towards circular economy ?
Changing the Construction Industry
The world has evolved in recent years, and our economy must adapt as well. The built environment sector is one that offers a huge potential to adopt smarter, system-level approaches, creating better economic, environmental and social outcomes.
We need abundant clean energy, a circular material system in which materials are reused or safely returned to the biosphere, and a high-productivity regenerative system with superior resource utilisation and product integration into existing systems.
But we also need to take a long view. How do buildings change 30, 40, and 50 years from now? How can they be changed and dismantled to turn into new buildings over time? What kind of materials do we use and how do we put these buildings together? What can we do to bring humans and technology together in a mutually beneficial way?
We will explore the concept of the circular economy in the construction industry further and will show you how circular economy contributes to a better world.
ENERGY & RESOURCES ARE GOLD
FOLLOWING NATURE'S CYCLES & DESIGNS
ALL IN WITH RENEWABLE ENERGIES
What is circular economy ?
“make/remake – use/reuse” model
Circular economy is a new production and consumption model that ensures sustainable growth over time. With the circular economy, we can drive the optimization of resources, reduce the consumption of raw materials, and recover waste by recycling or giving it a second life as a new product.
The aim of the circular economy is therefore to make the most of the material resources available to us by applying three basic principles: reduce, reuse and recycle. In this way, the life cycle of products is extended, waste is used and a more efficient and sustainable production model is established over time. The idea arises from imitating nature, where everything has value and everything is used, where waste becomes a new resource. In this way, the balance between progress and sustainability is maintained.
What is the difference between the circular economy and the linear economy?
Until now we have lived with linear production models, in other words, we extract, produce, consume, and discard. The society in which we live means that the pace of consumption is accelerating, a model that is fast but unsustainable for the planet.
The circular economy establishes a more sustainable production and consumption model in which raw materials are kept longer in production cycles and can be used repeatedly, therefore generating much less waste. As its name suggests, the essence of this model is that resources are kept in the economy for as long as possible, making it possible to use the waste we generate as raw material for other industries.
Why do we need to switch to a circular economy?
Linear consumption is reaching its limits. A circular economy has benefits that are operational as well as strategic, on both a micro- and macroeconomic level. This is a trillion-dollar opportunity, with huge potential for innovation, job creation and economic growth.
MINIMIZES ENVIRONMENTAL HARM
The ecological disadvantage of the linear economy is that the production of goods is at the expense of the productivity of our ecosystems. Excessive pressure on these ecosystems jeopardises the provision of essential ecosystem services, such as water, air and soil cleaning.
PROMOTES ECONOMIC OPPORTUNITIES & INDIVIDUAL EMPOWERMENT
The circular economy is estimated to be worth $4.5 trillion globally by 2030.
BOOST BUSSINESS SASTISFACTION
Circular economy business models keep products and materials in use, by design, for as long as possible to get the maximum value from them.
REDUCES WASTE FROM TRATIDITIONAL LINEAR ECONOMY
SHIFT TO RENEWABLE ENERGY
Renewable energy resources make up 26% of the world’s electricity today, but according to the IEA its share is expected to reach 30% by 2024.