Circular Economy Explained
One of the changes that will become necessary to build a sustainable society is the development of a circular economy. This will involve change programmes and very large investments.
The circular economy principles are straight-forward, but the change to a circular economy will be complex and demanding of resources.
To find out more, watch my latest video called ‘Circular Economy Explained’. (If you would prefer to read about it, there is a transcript below the video.
Circular Economy Explained - Video Transcript
In this video, you will get the circular economy explained and we'll go into the different principles of the circular economy and how this type of economy will tie in with the development of an ecological and social sustainability.
This we will do by creating business and change opportunities through circular change projects and build circular systems and communities where people can live circular lives in harmony with nature and other people.
The goal of a circular economy is to reduce the use of resources. That can be done in a number of different ways.
One is to increase resource efficiency and eliminate waste creation in various ways.
We can also repair things instead of throwing them away and close the loops of resource use so that we reuse the resources over and over again.
One other possibility is to increase the share of biological resources used and to share resources, for example, cars and machines like drills and other machines that people use very occasionally and not every day.
By developing a circular economy, we will develop new economic loops that can make it possible to build a society that makes it possible for future generations to enjoy the same level of affluence as we do today.
Changing society to sustainability and a circular economy will be a large scale change.
Entire industries and sectors of society will have to change in order to achieve this.
We can always, as individuals, change some things on a small scale, but in order to change on a large scale, new systems will be built with a number of different components.
For example, for Electromobility, we need increasing amounts of electricity. We need to reinforce power grids in many parts.
And we will need to install charging infrastructure on a large scale so that all vehicles can be charged on a regular basis, regardless of where they are.
And we also need to train and educate a lot of people in society to understand this and to be able to drive this transformation forward.
And the situation is similar in other areas because we have, at present, a society that's not circular and a lot of people need to relearn and learn new things in order to be able to build and participate in the projects that can build a circular society and circular industrial loops.
That is not a small challenge.
That's a big challenge that needs to be taken seriously by decision makers.
High level politicians, business leaders and people in general, we all need to learn about this.
We all need to understand what it means and we all need to to be able to drive the decision making process and the change processes that makes this transformation go forward.
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