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Circular Economy - Coggle Diagram

- - - - Extended lifespan of goods result
        in consumer savings
      - Reduced needs for new materials
        can result in business cost savings
      - Reinvestment of cost savings into
        Business ventures and technology
    - - innovate on product design, material
        selection and process efficiency
      - develop new business models
        that reduce resource consumption
        and waste
    - - formal work and improved
        working conditions
      - Circular economy expected
        to create 6 million jobs
    - - Diversifying sources of
        raw materials
      - Reduce dependency
        on imports can help to
        reduce vulnerability to
        resource scarcity
      - Enhancing Adaptabilility
        because companies can
        tap into the use of recycled
        and locally sourced alternatives
- - - - Life Cycle
        Assessment
        
        looks at a broad range of
        sustainability impacts
        across all the
        Product Life Cycle Stages
      - Address full value chain
        from Cradle to Grave
    - - Eco-efficiency index
        
        captures ecological efficiency
        by growth by measuring the
        efficiency of economic activity
        in terms of consumption and
        production and its corresponding
        environmental impacts
    - - use less resources
      - use less waste as a
        resource
      - recycling
- - - - Higher on the ladder
      - shorter waste loop
      - requires fewer materials
        and therefore more
        circular
    - - short loop
        
        focus on smarter
        product use and
        manufacture
      - medium loop
        
        Focus on
        life extension
        strategies
      - long loops
        
        focus on creative
        materials application