CIRCULAR ECONOMY

What is Circular Economy?

The circular economy is a model of production and consumption, which involves sharing, leasing, reusing, repairing refurbishing and recycling existing materials and products as long as possible

This is a departure from the traditional, linear economic model, which is based on a take make-
consume-throw away pattern

It relies on large quantities of cheap, easily accessible materials and energy

Need for a Circular Economy

Rise in consumerism

High resource demand

Import dependence

Waste creation

Benefits of a Circular Economy

Fewer Greenhouse Gas Emissions

Fewer Negative Externalities

Increased Potential for Economic Growth

Employment Growth

Volatility Reduction and Safeguarded Supplies

Way Ahead

Need for Legislation to promote the circular economy

Policies like Zero Effect, Zero Defect in manufacturing stage, National Electricity Mobility Mission Plan

extensive collaborative efforts between key stakeholders, including regulators, policy makers, corporates, and financial institutions

Adequate financing needed for realization of these newer opportunities through innovative financing instruments, such as Green bonds, municipal bonds, SDG-aligned bonds