Last Updated on October 15, 2022 by Hamna Nouman
The Key Advantages And The Barriers To Its Implementation
In recent years, many manufacturers in Australia sought out different sustainable means of development as a nod to eco-friendly production and taking care of its labourers. But the term itself is very broad in the sense that it does not cover the whole idea of better development but just as a means of protecting the biosphere. This is where the concept of a circular economy or Circularity comes into play.
As sustainability is focused more on the environmental side of things, circularity is focused more on the technological side. This means creating the products not just for use and disposal but for valuable functions beyond that. Intentionally creating such a means of production is what separates this concept from sustainability.
Besides, sustainability has been thrown around many times and many customers are starting to see through the whole performance. Sustainability is just a marketing stunt that companies in Australia use to ensure that their products come as genuine in the eyes of their customers. Creating circular means of production, on the other hand, highlights every step from procuring raw materials to the final product manufacturing and even beyond that to recycling, upcycling and disposal. It completely does away with the traditional and linear method of production and instead makes use of a cyclic path that brings finished products back into the first stage through recycling or reconversion. Suffice to say, circular fashion has been widely recognised as the next step in the future of sustainable manufacturing.
Circular Economy: What Are The Benefits?
- A circular economy aims at reducing the use or dependence on non-renewable sources of power. By reusing recycled products, the dependency on conventional sources of power like oil and gas is reduced to a great extent. The idea is to ensure that nothing gets thrown away or discarded and use resources in a way that produces zero waste.
- It might be surprising to note that the disposal of wastes contributes to significant carbon emissions. Having a circular means of production can help reduce those emissions and manage materials much more efficiently without wastage.
- The concept of reuse and recycling is what drives the circular cycle and products will have value even after they finish their intended time scale of use. The products can either be reused into other means or converted back into raw materials to make other goods. The idea is to reduce waste emission as much as possible and that includes landfills, plastics in oceans and trash.
- Australia’s shift to a circular economy can open new doors for consumers as well as companies. This transition to low-waste production has been speculated to boost Australia’s GDP by 23 billion by the end of 2025. Not to mention the different lifestyle changes that customers will switch to that makes use of more durable products and generate less wastage.
Impediments To The Transition To A Circular Economy:
Companies make products on a large scale that exceeds the demands of customers. As a result, a lot of waste is created due to some of the products not being utilized at all. This overproduction needs to be addressed if companies want to create a steady stream supply for every demand.
Many Australians go for the cheapest products without understanding the implications behind such a lifestyle. Most of these cheap products are made from inferior quality raw materials that aren’t durable and won’t last as long. Moreover, these products are more frequently discarded, adding to the already growing piles of waste in landfills.
Lack of government regulations.
Lack of proper infrastructure for waste disposal and recycling.
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