Circular Economy-An economy as the epicentre of robust growth and unparalleled epiphany of economic panache

Concept of Circular Economy

Wasting with haste is the stapled badge of disrespecting the economy? on a wide and expansive note contradictory to the indication of circular economy. With the dominion of conspicuous consumption and a bandwagonish trend the culture of linear economy had been the resultant factor of causing a dubious fix in the livelihood and sustenance of an individual. On a statistical note a booming populace is the peak of concern ranging from 4.5 billion in 1980 till the apparent year of 2023 scaling as 8 billion people comparatively. Sudden disasters, epidemic and pandemic onslaught the mirth of population index. Affordability and necessity moulds the cause of alarm for the usage of natural, non-biodegradable and finite resources. Mitigating the possibility of greenhouse gas emissions? from annihilating the environment causing pollution namely air and water pollution, contamination, destruction of livestock , flora and fauna bends an epic call for the centrifugal notion of circular economy.

Beyond the ordinary is the notion of circular economy

Usefulness silts the acronym interpretation of circular economy with major components likewise eliminating waste and pollution, circulation of products and materials at their highest value, regeneration of nature at it’s pinnacle . Repairing and reconstructing the prima facie of it’s resource consumption spakes up from the goal -oriented approach to a max countable reach of net zero. Moulding products in the shape and image of circular economy tarnishes the old life of the product feature whereas new and regenerative products are recycled with embodied emission . On a harvesting season of circular economy the circular economy circles the cyclic and combined harmonious pattern of extracting materials , design/process, consume/use, repair/maintain , reuse/ refurbish, reclaim/ recycle? with the spirit of starting again in a rhythmic cyclic flow.

Conclusion

An overall 40% of global emissions constitute a meagre 10%of materials morphed into circular economy. The prominent three R’s of reuse, recycle and refurbish facets a pitched pathway for the digital future. Synchronising with the studies of NYU Stern Center for Sustainable Business an approximate 58% of absolute cases streamline a positive relationship amidst ESG strategies with the flow of net pattern percentage of net zero , diversity goals, financial metrics incorporating the chainbase reimbursal or return of diverse investment and stock prices.Genuinty can be testified with the titularship of circular economy which harnesses the crux of sustainability and affirms the prinicipailty into full fledge replenished economic ecosystem.?