THE CIRCULAR ECONOMY
THE CIRCULAR ECONOMY
THE CIRCULAR ECONOMY IN SCOTLAND
BENEFITS OF THE CIRCULAR ECONOMY
THE CIRCULAR ECONOMY
The Circular Economy is an alternative to our current Linear Economy, where we behave as if the world’s resources are infinite and we Take-Make-Use-Dispose, resulting in huge amounts of waste. In contrast, the Circular Economy recognises that the world’s resources are finite and need to be protected through a model in which:
- Through clever design, there is no waste
- Everything is designed to feed into something else, to get the maximum possible value from each component
- Raw materials can be fully recovered, redesigned and reused as new products
- Everything is powered by renewable energy.
This is done through closed loop systems; recycle, repair and remanufacture; and new societal models such as leasing and shared ownership.
Why do we need a Circular Economy?
In a world in which mineral resources are increasingly rare and hard to get at, biodiversity is in decline and 3 billion new consumers will enter the market in the next 30 years, the linear economy is quite simply not economically or environmentally sustainable.
THE CIRCULAR ECONOMY IN SCOTLAND
Scotland is a Circular Economy Trailblazer
- On 26th June 2024, the Scottish Parliament voted the Circular Economy Bill into law. This included Amendment 43, advocated for by Ostrero, making Education and Skills part of the Bill. We believe this is vital as, to create a successful Circular Economy in Scotland, it is essential that people know what it is, understand the opportunities it brings, and have the skills to access those opportunities.
- The Circular Economy Bill is accompanied by a Route Map which outlines how the Bill will be put into action.
- Scotland is the first CE100 country in the world (see Ellen MacArthur Foundation)
- Winner at the 2017 International Circulars Awards for having public policy, “which best provides an enabling environment for the Circular Economy to develop and flourish”
- Support from the Scottish Government, who have pledged to introduce one of the first Circular Economy bills in the world – see the Manufacturing Action Plan
BENEFITS OF THE CIRCULAR ECONOMY
Whether you are a business, a third-sector organisation, a school or a university, adopting a Circular Economy model can result in measurable environmental, social and financial benefits including:
- A more ethical and sustainable organisational model
- Cutting down on waste, thereby freeing up materials and budgets
- Capturing stakeholder imagination to increase recognition of and loyalty towards your organisation
- External funding opportunities
- Being global leaders in the next big thing
To find out more about what the Circular Economy can do for your organisation, please contact us.
Ostrero Ltd is a company registered in Scotland – Company Number SC530852
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