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to naijaintellects, NigeriansnCanada, USAAfricaDialogue, wanabidii, Wanazuoni
A
fundamentally new model of industrial organization is needed to de-link
rising prosperity from resource consumption growth – one that goes
beyond incremental efficiency gains to deliver transformative change.
A
'circular economy' (CE) is an approach that would transform the
function of resources in the economy. Waste from factories would become a
valuable input to another process – and products could be repaired,
reused or upgraded instead of thrown away.
In
a world of high and volatile resource prices, a CE offers huge business
opportunities. Pioneering companies are leading the way on a CE, but to
drive broader change it is critical to collect and share data, spread
best practice, invest in innovation and encourage business-to-business
collaboration.