The most obvious way to live in harmony with nature is to mimic the ways of nature.
In nature, there is no waste. For example, when plants or trees die, they decompose into nutrients that feed new plants. Hence waste becomes a resource.
Circular economy applies the ” waste = resource ” principle to our production system. In a circular economy, products are designed to be repaired rather than replaced. They are also designed so that at the end of their life, they can be remanufactured or their materials can be recycled or reused to make new products.
A circular economy reduces the negative impacts of our production system. It reduces the extraction, material processing, transportation and disposal of products. Hence, it helps reduce the associated energy consumption, greenhouse gas (GHG) emissions, air and water pollution, and waste.
According to a United Nations study, accelerated adoption of the circular economy by the steel, plastics, aluminum and cement industries could help curb climate change.