Circular Economy 101
“The transition to a circular economy (CE) may be the biggest revolution and opportunity for how we organize production and consumption in our global economy in 250 years.” – P. Lacy
The Circular Economy is an economic model that challenges the traditional linear approach of “take, make, and dispose.” Current resource consumption patterns are unsustainable, with most companies using scarce and nonrenewable resources as if multiple planets were available. In 2023, six of the nine planetary boundaries were transgressed, indicating that Earth is operating outside the safe space for humanity1.
The Circular Economy offers a path to create a regenerative system that benefits businesses, society, and the environment. It demands innovation, collaboration across industries, governments, and communities, and a willingness to challenge established economic practices.
At INDEED Innovation, we recognize the transformative potential of the Circular Economy. We leverage our expertise in circular economy principles, design, and innovation to guide companies through this crucial transition towards a more sustainable future. Our approach is rooted in the understanding that embracing circularity is an environmental imperative and a source of economic opportunity and resilience in an increasingly resource-constrained world.
As we delve deeper into the concepts, models, and implications of the Circular Economy, we invite you to explore how these principles can reshape our approach to production, consumption, and waste management, creating a more sustainable and prosperous future for all.
1Petri, S., Porkka, M., Rahmstorf, S., Schaphoff, S.,, Thonicke, K., Tobian, A, Virkki, V., Wang-Erlandsson, L, Weber, L, Rockstrom, J., Earth beyond six of nine planetary boundaries, Science Advances, 9(37), doi: 10.116/sciadv.adh2458