What is a Circular Economy?
As we adopt a linear approach of “Take, Make, Dispose” in our daily lives, it eventually – over time – contributes towards growing environmental waste and pollution. Conversely, a Circular Economy decouples economic activity from the consumption of finite resources. It is a systems solution framework that values resources to be innovatively reused while benefiting both consumers and the Earth in the long term.
The concept of the Circular Economy is based on the three main principles:
- Eliminate waste and pollution;
- Circulate products and materials; and
- Regenerate nature.
5 Things That Can Be Done To Enable The Circular Economy
What can we do to transition into this new sustainable era? Consider these five things that are worth making a habit, consistent with the Circular Economy Concept.
#1 Circular Fashion
Go for fashion brands that use recyclable materials in their products, which will contribute to a more sustainable environment. Or purchase fashion items from thrift stores to avoid new textiles ending up in the landfills or burned. #thriftedfashionforlife
#2 Zero-waste dining
Finish your leftovers as this helps with the zero food waste initiatives. You can also try storing the raw ingredients in your fridge correctly to extend their expiration date. As a result, you will be able to fully utilize all of it instead of discarding it in the bin.
#3 Environmental-friendly resources
Switch to biodegradable materials instead of using something that takes a long time to decompose – plastics are such culprits. A large majority of the environmental issues we face today come as a result of unchecked plastic wastage by businesses and consumers. Say no to single-use plastic!
#4 Circular Travel Solutions
Take public transport to reduce air pollution from the burning of fossil fuels. If you take your car to work, consider carpooling with your friends or colleagues to minimise the number of vehicles on the road. After all, fewer cars means cleaner air.
#5 Prolong products
Repair your used products to improve their lifespan. If you can upcycle it into something new, that’s even better! That way you can reduce the number of resources used and wastage in the future. #doityourself
These are a few examples you can try doing to support the Circular Economy in your daily life.
Bonus for this edition: Watch this video to understand more about the Circular Economy!
<credit to Ellen MacArthur Foundation>
———————————————————————————————————————————————————————-
Plan to diversify your investment portfolio? Click here to start your investment with Funding Societies Malaysia.
Need funds for your business? Click here to learn more about Funding Societies business financing solutions.
View our Disclaimer here.
Disclaimer: The information provided to you in this blog post is intended only for general information purposes only and does not constitute legal or other professional advice on any subject matter. The materials and the information provided are not intended to be and do not constitute an advertisement or solicitation. In no event will Funding Societies be liable to any party for any direct, indirect, incidental, special, consequential or punitive damages for use of such information by you or any unauthorized third party.