Ever since the Industrial Revolution, our system of production has been a linear economy that has evolved into a “take-make-use-and-dispose” structure powered almost exclusively by fossil fuels. This system has been like a machine that has grown bigger and bigger all the while getting faster and more efficient in order to produce more and more.
However, our Earth’s resources have become scarcer and consequently more expensive to extract in recent years. Indeed, alarmingly, many precious metals are running dangerously low and our waste landfills have become full. In addition, renewable resources like water, air, forests and fish stocks are polluted and increasingly more stressed.
It has thus become obvious that to meet the demands of everybody on this planet new industrial principles of production and consumption are urgently required. Therefore, the transformative power of the circular economy has gained traction is because its system of production is exactly the opposite of the linear model. Indeed, in short, the circular economy actually separates economic growth and development apart from the consumption of limited resources, creating a new industrial economy.
In this talk, Professor Gordana Kierans will illustrate how the circular economy will not only eliminate waste but to help discover waste as a valuable resource and learn more about the enormous business profit potential behind the circular economy. We are on a threshold of a new industrial economy.