Is the circular economy just a myth or possibility, or is it a critical necessity to stop or reduce the impacts and outcomes from an endless cycle of produce and dispose?
The principles of the circular economy and sustainability are required to be adopted at some point, now or into the future, to prevent a global shortage of new resources or options for disposal. But without the principles being implemented and supported by Government and the Community, the circular economy will struggle to gain ground against the overwhelming increases in waste generation.
The circular economy relies on an informed understanding of the real cost of ‘produce and dispose’ beyond just the immediate or short-term financial implications. The circular economy principles also take into account the longer-term impacts on sustainability, including the environment and potentially unforeseen future financial impacts which are challenging to model.