Water Caltrop: 
Waste to Prosper & Offer

What is Circular Economy

The core concept of a circular economy is a life cycle that reduces waste to a minimum, extends its product cycle, and creates an elaborate value. Moreover, the circular economy can also be defined as a model of sustainable utilization and consumption; this emphasizes designing product sharing, reusing, repairing, reconstructing, and recycling materials or products for as long as possible. Therefore, circular processes are considered a sustainable economic system that achieves the goal of reducing waste, utilizing resources, and significantly decreasing adverse impacts on the environment. A circular economy optimizes production processes, which reduces energy emissions and strives to aim for a new economic and ecological material cycle. 

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In contrast to the traditional linear economic model, which the circular economy scrutinizes allocating, in particular, that is based on the idea of “take-make-consume-throw away pattern” and designing products to have a limited lifespan to be bought again. In addition, the circular economy is noticed as the 12th Development Goal, which directly indicates production and ensures that it is used to protect biodiversity. The circular economy not only supports local communities but also helps solve global problems, including resource scarcity and environmental degradation. Under the circumstance of the world population and industrial expansion, developing a circular economy allows maintaining the balance between ecology and human development. Emphasizing recyclable materials decreases reliance on nonrenewable resources like fossil fuels and rare earth metals, ensuring their continued availability for future generations.

Development of Cir​​cular Economy

A developing circular economy requires collaboration with governments, businesses, organizations, and even individuals, escorted by all the cooperation it creates a comprehensive work for promoting sustainability resources and environment management. Firstly, the role of the government must be active by introducing policies and regulations that encourage other businesses to invest in recycling projects for financial incentives and terrestrial ecosystems. Government officials should also enforce laws that could prevent illegal dumping of raw material wastes. 

Furthermore, businesses play a crucial role in recycling raw materials, which invest in facilities for raw materials wastes, and then combine advanced technologies to transform them into new reusable products or resources. In addition, social organizations can enhance circular financial literacy through education, public forums, and organizing remediation efforts. However, individuals can contribute to improving the circular economy if they make environmentally friendly purchasing choices, reduce the use of plastics, and recycle raw materials properly well-organized collaboration between government agencies, businesses, institutions, and individuals creates a better circular economy that advocates environmental sustainability and resource efficiency encourage, so concerning our earth’s ecosystems It helps to deliver the long-term goal of safety.

Goals of Circular Economy 

Circular economy concludes source reduction by using various ways to achieve the goal of minimizing waste and optimizing resources being used. The technology innovations and the execution of the environmental protection policies encouraged companies to reduce the utilization of resources within the product designs, and productions. Industries that follow circular principles can turn waste into new raw materials, resulting in reduced environmental harm. Moreover, policies actively promote resource recycling, advocating actions of recycling and reuse of waste, extending the life cycle of waste materials, reducing the demand for natural resources, and the burden around our environment. 

Meanwhile, the government is dedicated to developing environmentally friendly products, requiring companies to acquire clean production technologies and processes to diminish emissions or pollutants, to protect the ecosystems and environments. By ​​elevating recycling and improving energy efficiency, Taiwan can enhance the utilization of reuse resources, minimizing energy consumption, and carbon emissions, and the development, and application of renewable energy. Circular economy goals also match with UNSDGs goals number 11 and 12, since it is an intact system that benefits both the community and the environment. Overall, these interventions not only support diversification and refine the reliance on the economy but also achieve a more sustainable eco-friendly economic development which decreases the disadvantages of the natural environment, allowing Taiwan to be part of a significant role in the global circular economy, and contribute an important force to the future of the circular economy.​​