https://www.scoop.co.nz/stories/BU2410/S00136/what-it-means-to-shift-to-a-circular-economy.htm
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What It Means To Shift To A Circular Economy |
Global efforts against climate change have the flaky feel of a personal fitness programme – lots of good intentions and promises but at the crunch, low resolve and missed targets.
New Zealand and Australia’s climate report card reads ‘must try harder’. Both countries have come under criticism for their sustainability track of late. In New Zealand, the horizon is not exactly green. While there is a climate strategy, under current policies the emissions budget appears to be off track in the long term. Adaptation is underdone, and mitigation seems secondary. Rule regimes for big emitters in agriculture and the built environment are currently being backpedalled.
Sustainable production and consumption patterns spin the entire sustainability wheel. Around half of global GHG emissions are attributable to how we produce and use goods and materials.
To meet the need and demand for circularity, countries and companies are adopting circular practices. First, waste and pollution are designed out of the system. Second, products and materials are kept in use. Third, natural systems are regenerated. Renewable energy is key to this. The broad outcomes of this? Emissions, eco-degradation and waste are reduced; biodiversity is restored; new jobs emerge; production is cleaner, more efficient, more equitable, and more inclusive.
System reframes always present challenges for decision makers in the infrastructure, and construction sectors, and these range from upfront investments through to supply chain challenges. But businesses can steal a march by focusing on the opportunities for them and taking small steps and big short-cuts.
Managing technology asset sustainability is an example of the latter. It’s the focus of our company Greenbox Group’s solutions, which include e-waste management, DaaS (Device as a Service involves leasing, not purchasing, hardware devices) as well as refurbishment and recycling services.
Recent New Zealand Government-commissioned research found that one of the top opportunities for “circular economy approaches to contribute to emissions reduction and wider impact in New Zealand” was critical materials “for example through improving product durability and domestic recycling of critical materials, such as plasterboard and those found in electronic devices.”
The ‘circular economy’ is essentially about showing leadership and securing its benefits. A proactive approach can deliver both immediate and long-term returns whether you run the country, lead a big international company or are one of New Zealand’s half million small- and medium-sized businesses.
Leaving behind ‘take-make-use-dispose’ is a journey of many different roads. Here is a quick ‘to do’ menu to support Kiwi decision-makers:
Ultimately, decision makers in the infrastructure and construction sectors have a choice: adapt and explore opportunities to grow with the changes or stay stagnant and watch as the world moves on around you and your business.
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