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The problem of climate change has triggered various ideas aimed at protecting the natural environment. The selected WorldChanging idea is that of circular economy (CE). Within the past two decades, many companies have been focusing on evidence-based strategies that have the potential to improve recycling processes, minimize wastage, and increase products lifecycles. This model seeks to tackle the problem of resource depletion and promote the idea of regeneration. This paper describes CE and its ability to solve the sustainability problems affecting the world.
Benefit
The concept of CE echoes most of attributes and benefits associated with various WorldChanging ideas. The first importance of this process is that it guides companies to promote evidence-based practices that do not depend on new raw materials. Instead, resources are recycled and reused for the longest time possible. This means that the natural environment will not be destroyed by producers and suppliers of various raw materials ( Worldchanging, n.d.).
The second benefit is that more customers and consumers in different parts of the world will find it easier to acquire different goods. The third advantage is that the model promotes the sustainability and supply of raw materials. The fourth benefit is that economic development will be boosted, thereby increasing the availability of jobs. Finally, companies that are relying on this model will remain profitable.
Transformative Potential
The outlined business model presents a unique transformative potential for the entire world from an ecological perspective. This is the case since CE promotes desirable initiatives aimed at protecting the integrity of the natural environment. For example, companies producing furniture can consider the importance of using the available wood instead of cutting new trees. Power distribution companies can use concrete posts instead of cutting trees. From these descriptions, it is agreeable that CE seeks to conserve the natural environment and encourage producers to focus on the best procedures for reusing available resources (Sassanelli, Rosa, Rocca, & Terzi, 2019).
Recycled products will minimize the emission of poisonous or greenhouses gases. Through the adoption of such initiatives, the global community will preserve existing ecological systems. These efforts will also ensure that affected ones are restored within a short period. The end result is that more creatures will live in healthy surroundings and promote the idea of posterity ( Worldchanging, n.d.). The idea of recycling will ensure that plant-animal relationships are maintained.
Broader Significance
The above discussion has presented some of the possible benefits of a CE. When community members, companies, and governments pursue this concept, chances are high that the described transformative potential will be recorded in a timely manner. Additionally, the adoption of this model will create a new opportunity for transforming different processes and economic activities in the world today (Sassanelli et al., 2019).
Firstly, new laws aimed at holding corporations accountable for their economic procedures will emerge. Secondly, many stakeholders will become part of the process in an attempt to continue supporting various sustainability initiatives and addressing every emerging problem (Camilleri, 2018). Thirdly, societies will promote a superior culture characterized by regenerative production and consumption. Such a practice will ensure that people promote reusing, recycling, and conservation practices.
Fourthly, many governments and environmental organizations will collaborate to engage in continuous research and development (R&D) and present additional initiatives that are informed by the notions of CE. The anticipated outcome is that the world will become more sustainable without disorienting the effectiveness and performance of existing companies (Camilleri, 2018). Finally, the CE idea will inform additional strategies and business practices that have the potential to transform the way human beings and companies conserve the natural environment.
Conclusion
The above discussion has identified CE as an emerging topic that meets the threshold for a WorldChanging concept. The above benefits reveal that corporations that embrace it will record positive results and continue to operate for the longest time possible. The ecological gains and implications of this model cannot be underestimated. These attributes explain why there is a need for different stakeholders and researchers to collaborate and identify new practices that have the potential to take CE to the next level and promote the sustainability of the natural environment.
References
Camilleri, M. A. (2018). The circular economys closed loop and product service systems for sustainable development: A review and appraisal. Sustainable Development, 27(3), 530-536. Web.
Sassanelli, C., Rosa, P., Rocca, R., & Terzi, S. (2019). Circular economy performance assessment methods: A systematic literature review. Journal of Cleaner Production, 229(1), 440-453. Web.
Worldchanging. (n.d.). Web.
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