Everything you need to know about Circular Economy
17 November 2022
What is a Circular Economy?
A circular economy aims to reduce wastage and pollution using the 3R’s initiative which are reduce, reuse, and recycle.
How does it work?
The circular economy framework also known as the butterfly loop, incorporates the technical cycle and biological cycle. The technical process includes different stages to allow for the preservation of the Earth’s raw materials. These stages include;
- Sharing- sharing products such as tools, clothes, and appliances with others and, platforms such as transportation.
- Maintaining- maximising use of products before discarding by using them to their full lifespan.
- Reusing- reuse goods where possible instead of discarding them.
- Redistributing- redistribute unwanted goods to others.
- Refurbishing- repairing goods where possible for longer life spam.
- Remanufacturing- when goods can be re-engineering or upgrading rather than investing in new goods.
- Recycling- recycle goods appropriately to divert waste from landfill.
The biological cycle includes processes that allow materials such as food and other biological materials to safely return to the Earth. This can be achieved by;
- Regeneration- farming practices to increase biodiversity.
- Composting- fruit and vegetables.
- Extraction of biochemical feedstock- any renewable, biological material that can be used directly as a fuel or converted to another form of energy product. Examples include, corn, which is used to produce ethanal.
What you can do to contribute to a Circular Economy
- Recycle your goods in the correct bins,
- Reuse/Repurpose your goods if you can,
- Swap to sustainable, ecofriendly products,
- Only buy what’s necessary,
- Lower your carbon emissions by using alternative transportation,
- Cut down on your electricity usage.
How does Instant Waste Management contribute to a Circular Economy?
At Instant Waste Management we have designed our business vision (Waste Sustainability in Action) to play a role across the circular production cycle.
Instant Waste Management contributes to a circular economy by processing material through its recycling facilities and creating products and product solutions for various industries that helps our economy and saves the use of natural resources.