- Environmental Challenges: Circular Economy
Environmental Challenges: Circular Economy
Circular Economy: Seeking a potential new way to act on our consumption and production
Throughout history, we as humans have chased natural resources in the process of evolving and aiding our society and economy. The use of these natural resources has caused us to advance greatly and been the centrefold of our economies. However, our overconsumption of resources going to waste has become a consequential issue that cannot be reversed but can be improved going forward.
Arrive the Circular Economy, a contemporary concept that may challenge our society to push for a more sustainable future.
Three main pillars are the cornerstone of the Circular Economy1
A series of elements that express the need for integration of Circular Economy on a global level2
World’s Population is growing and so is demand for raw materials while supply is limited.
Dependency on other nations for raw materials as they are in finite amounts.
Extractions and use of raw materials increases energy consumption and CO2 emissions.
What are some far-reaching potential socio-economic benefits that can potentially impact the application of the Circular Economy?3
Discover Amundi's Thematic Solutions
1 Biodiversity (nationalgeographic.org)
2 Biodiversity: our solutions are in nature (unep.org)
4 https://www.mbrctheocean.com/pages/shocking-plastic-statistics#:~:text=Marine%20plastic%20pollution%20has%20affected,of%20seabirds%20of%20those%20examined.&text= Over%201%20million%20seabirds%20and,by%20ocean%20plastic%20every%20year.&text=Plastic%20has%20been%20found%20as,most%20remote%20places%20on%20Earth
5 https://www.mbrctheocean.com/pages/shocking-plastic-statistics#:~:text=Marine%20plastic%20pollution%20has%20affected,of%20seabirds%20of%20those%20examined.&text= Over%201%20million%20seabirds%20and,by%20ocean%20plastic%20every%20year.&text=Plastic%20has%20been%20found%20as,most%20remote%20places%20on%20Earth
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Date of first use: May 2023
Doc ID: 2840698