A model in which existing materials or products are shared, leased, repaired, refurbished, and recycled for as long as possible, such a process is called circular economy.
This process is not unlike the linear model, which follows a ‘take, make, dispose’ pattern.
This process not only lessens waste and its negative effects on the environment, but it also promotes job creation and economic expansion.
The Three main takeaways of the circular economy are:
1. In order to decrease the quantity of waste produced, products are made to be more robust, recyclable, and reusable.
2. The circular economy reduces the need for new resources by prolonging the life cycle of products through recycling, refurbishing, and repair.
3. The circular economy contributes to the improvement and restoration of ecosystems by replenishing the soil and other natural systems with vital nutrients.
Initiatives by the MENA (Middle East/North Africa region) regarding circular economy
United Arab Emirates (UAE)
Dubai Industrial Strategy 2030: Focuses on implementing the concepts of the circular economy to build a sustainable industrial sector.
Masdar City: A paradigm for sustainable urban growth, Masdar City prioritizes water conservation, waste minimization, and renewable energy. It integrates circular economy principles into all aspects of its planning, building, and operation.
Saudi Arabia
NEOM: A futuristic city project with an emphasis on renewable energy, sustainable water management, and zero-waste methods, that seeks to integrate circular economy principles into its infrastructure.
Egypt
Waste Management Regulatory Authority (WMRA): The purpose of the Waste Management Regulatory Authority (WMRA) is to oversee and encourage environmentally friendly waste management techniques throughout the nation.
Integrated Sustainable Solid Waste Management Project: The goal of the Integrated Sustainable Solid Waste Management Project is to enhance waste disposal, recycling, and collection methods while emphasizing community involvement and education.
Morocco
National Strategy for Sustainable Development: The National Strategy for Sustainable Development places a strong emphasis on the value of circular economy principles and sustainable resource management.
Ecomondo Morocco: An annual occasion that highlights cutting-edge products and solutions while supporting circular economy initiatives.
GoGEE8 began as an idea during the lockdown days—born out of both urgency and inspiration.…
GCS is led by Ashley Campos, alongside Jennifer Manrique as COO and Carlos Campos as…
Business Now sat down with Eduardo to discuss why LEADSEC’s leadership-first model is changing how…
The global fast-food market is worth $980B, and UK consumers spent £245B on food and…
Industry estimates place the medical tourism market at about USD 31 billion in 2024. That…
Business Now sat down with Al Hassane Sidibé to explore the origins of JELOGO’s cross-border…