Less raw materials, less waste and fewer emissions extend the lifecycle of products; and in turn generate additional value (repetitively), throughout production and consumption economy. Protecting the environment, reducing supply chain dependence, creating jobs and in the end, saving consumers and businesses money - is THE future of sustainability!
Today, in the traditional linear economic model, though we save money and energy by using large quantities of cheap materials that are readily available (in developed and in emerging markets) - we increase waste without optimal and responsible ways to recycle. This limited lifespan approach should be turned around in resource intensive sectors like electronics, information technology and technology communications, plastics, textiles and construction 'on priority' for a more carbon-neutral, toxic-free and sustainable environment by 2030. When greenhouse emissions are reduced, we can also limit the global biodiversity loss with minimal use of natural resources and habitat disruption.
With the growing population needs and limited raw materials - higher recycling mitigates national risks such as price volatility due to import/export mismatches, especially for critical technology needs like batteries and electric engines. This new and advanced sustainable innovation economy is set to boost materials and products redesign across different industries, thus increasing competitiveness and creating jobs that lead to regional prosperity. Consumers are in turn rewarded with more durable products, the right-to-repair, and better quality of time in the long-term, thus saving them money and increasing loyalty to eco-conscious brands.
Consumers are willing to be empowered for green transition, and regulators are actively monitoring circular economy trends and action plans. Governments and policy makers are incentivizing sustainable companies and can transfer the benefits to communities. Join the Emerald Summit: Eco-Business Network from Wallet Max on April 21, 2023 to:
connect with emerging startups driving circular economy;
learn about new sustainable solutions towards green transition;
and, be part of a growing community of innovators.
Check out the virtual day agenda, partners, speakers and topics ➡ Emerald Summit
(Image Credit and Reference: https://www.europarl.europa.eu/)