Future without landfill is not far away
Today it is much easier to just dump your waste material than to segregate or process information technology and bring it back to the life cycle. Circular economy is an alternative to the traditional linear economy (take, make, dispose of) in which resources are reserved for as long as possible, extracting maximum value from them whilst in use and then recover and regenerate products and materials at the cease of each service life.
On 17 and 18 June 2019, FICCI organized a briefing titled '3rd Edition of Circular Economy Symposium 2019' with an objective to discuss and take activeness on circular economy. In an opening remark Anirban Ghosh, chairman, FICCI Working Group on Circular Economy and main sustainability officeholder, Mahindra talked most how the current edition of the symposium aims to enrich the ecosystem of circular economic system that encompasses enquiry bodies, the authorities, regulatory bodies, industry experts and the people.
CE has potential to generate employment
The conference started with a keynote address past Amitabh Kant, chief executive officer, Niti Aayog, Government of Republic of india. He stated, "By 2050, the earth population would attain 9.vii billion of which three billion people would prosper to centre form consumption level. This would require 71% more resources per capita, thereby raising the total mineral and material demand from 50 billion tons in 2014 to 130 billion tons in 2050."
Resource circularity being a key technological innovation that can reinvent the life of a production, Kant stressed the need for legislation to promote circular economy in the country. "Several countries accept recognized the centrality of circularity equally a new epitome for sustainable development. They have not merely embraced the concept of circular economy in their daily life just likewise brought in strict regulations to ensure higher compliance and promote more reuse, refurbishment and recycling," he said, adding, "Round economy has the potential to create 1.iv crore jobs and lacs of new entrepreneurs in the side by side v-seven years."
According to him, developing a circular economic system model is linked to the robust ecosystem of the recycling manufacture.
Global circular ecosystem
Global leaders shared their favorable business surroundings for circular economic system business models. Harry Lehmann, Federal Environment Agency, Germany said, "Developing circular economy is not merely looking into the whole circle, only too treating each part every bit equally important." He underlined the importance of proper design in circular economy. Hiroshi Tachikawa, Propharm, Japan explained the approach they follow for round economic system and added how the concept of a circular economic system is not a new one in Nippon as they have been practicing this concept for many years now.
Technology as an enabler
The session on technology (physical, biological and digital) as an enabler for circular economy enlightened the audience about the part of engineering science in social club to foster efficient employ and assist to shut the cloth loop by providing logistics, availability and condition of the product. Abhishek Deshpande, founder, Recykal lent an insight into his company and its services. He said, "We provide digital total-service waste and recycle-enabling engineering that focus on sustainability by connecting generators, processors and recyclers. Our engineering assures 100% transparency and traceability in supply bondage."
Plastic non bad, but management a concern
Plastic has become an integral part of the value concatenation because of its user-friendly properties such every bit low price, light weight, high strength and durability. That is why it is being widely used in various industries. Even so, the increased demand for plastic has also raised a few concerns over plastic waste management. During the session on circular plastics and packaging, manufacture experts shared their thoughts on the result, provided various solutions to manage plastic waste and stressed on the need to opt for circular business models.
Circular economy is the fashion forrard
Republic of india beingness one of the fastest growing economies, the land has a dual responsibility that entails managing growth ambitions while being cognizant of rapidly ascension resource challenges. Ashutosh Sharma, secretary – Department of Scientific discipline and Technology, Ministry of Science and Technology, Government of India, stated in his valedictory accost, "Recycling does not only brand sense in terms of societal well-beingness of the future generations but in that location ought to be practiced business models that produce opportunities even for the nowadays generation." He mentioned that the Department of Science and Technology has come with several schemes in the final couple of that encourages sustainable development.
Indian round economy awards & presentations
The symposium concluded with an accolade ceremony, where awards were given to organizations and individuals in India that take fabricated notable contributions and brought in a change. ACC, Dell International Services India, Geetanjali Woollens, Ecoware Solutions, Saahas, Govardhan Ecovillage, Kabadiwala Connect, and Recykal, winners and runners-up of India Circular Economic system Award also gave presentations of their business model and products.
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